Construction of the three bridges funded by the the Asian Development Bank (ADB) will commence this second quarter or within the last three months of the Duterte administration, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the $175.1-millio
The Asian Development Bank is extending a $175-million loan package for the construction of three bridges in Metro Manila slated for groundbreaking this year.
CONSTRUCTION of three Metro Manila bridges funded by the Asian Development Bank (ADB) is set to begin in the first half of this year, Finance Secretary Carlos G. Dominguez III said. Financed through a $175.1-million (about P8.8 billion) loan from the ADB, the three climate-resilient bridge projects spanning over 3…
Finance Secretary Carlos Dominguez III MANILA - Finance Secretary Carlos Dominguez III has thanked the Asian Development Bank (ADB) for funding the construction of three climate-resilient bridges designed to decongest Metro Manila's traffic-heavy areas and create more jobs in the final stretch of the Duterte presidency. These bridges spanning over three kilometers (km) across the Marikina River are among the 12 to be built under the Metro Manila Bridges Project. Dominguez and ADB Managing Director General Woochong Um exchanged copies of the loan documents for the construction of the three bridges in ceremonies held at the Department of Finance (DOF) office in Manila Wednesday. "These bridges are crucial components of the 'Build, Build, Build' program that will help our economy bounce back from the adverse effects of the pandemic. With their high multiplier effect and job-generating potential, investments in infrastructure will be the engine for our rapid economic recov
The construction of three bridges across the Marikina River, funded by the Asian Development Bank (ADB), will begin in the first half of this year, according to Finance Secretary Carlos Dominguez III on Wednesday.