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Philippines and Japan sign infrastructure financing in Davao City, Cebu
Japan will loan P75.5 billion or about ¥154 billion within the frameworks of two separate loan agreements signed last week. Money will be used for the Duarte admonistration's 'Build,Build,Build" infrastructure project. Within the framework of this project Cebu-Mactan Fourth Bridge and the Coastal Road Construction project in the Visayas and Davao City Bypass Construction Project will be executed.
A 2.3 km tunnel and another 0.5 km 4-lane cut-and-cover tunnel will be build within the framework of Davao City Bypass Construction Project
cover tunnel photo by: Matt Brown from London, England / CC BY
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PHL, Japan sign P75-B loan deals for infra projects in Davao City, Cebu
www.gmanetwork.comThe Philippines and Japan on Tuesday signed two loan agreements worth a combined P75.5 billion or about ¥154 billion yen for two big-ticket infrastructure projects in the Visayas and Mindanao under the Duterte administration's "Build,...