The Philippine government and Manila-based multilateral lender Asian Development Bank on Friday signed a loan agreement for the first tranche financing to bankroll the construction of the Bataan-Cavite Interlink Bridge project.
DPWH Unified Project Management Office - Roads Management Cluster 2 (Multilateral) Project Director Sharif Madsmo H. Hasim, on behalf of Secretary Manuel M.
The first tranche of a loan to bankroll the construction of the P175-billion Bataan-Cavite Interlink Bridge is targeted to be approved come the third quarter of this year, according to the Asian Development Bank (ADB).
The civil works contract packages to build the P175-billion Bataan-Cavite Interlink Bridge are set for bidding within this year, and construction of the project would possibly begin by the first quarter of 2024, according to an official of the Department of Public Works and Highways (DPWH).