Philippines bridge project – funding secured

Funding has been secured for a bridge project in the Philippines.
Finance & Funding / June 23, 2022 25 seconds Read
By MJ Woof
Funding is being secured for a bridge project in the Philippines – image courtesy of © Wael Alreweie, Dreamstime.com
Chinese funding will help pay for a bridge project in the Philippines, with construction due to start shortly. The project is for the construction of a new bridge that will link Samal Island with Mindanao.

The bridge will measure 3.86km and will feature two lanes in either direction. The US$350 million is being provided via Chinese lenders. The bridge will provide a connection between the Island Garden City of Samal and Davao City, in the south of the Philippines.
 
Work is expected to commence on building the bridge in July 2022 and the structure is being designed with a 47m clearance for shipping underneath, as well as a deck width of 24m. The loan that will finance the work is being provided through the Chinese Government to the Philippines Department of Finance.