Author Topic: Japan commits Y33.7B for Guadalupe, Lambingan bridges and Davao City bypass road  (Read 520 times)

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Offline Yojuyo

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Japan commits Y33.7B for Guadalupe, Lambingan bridges and Davao City bypass road - See more at: http://www.gmanetwork.com/news/story/534355/money/economy/japan-commits-y33-7b-for-guadalupe-lambingan-bridges-and-davao-city-bypass-road#sthash.CCBL7Yc8.dpuf


August 26, 2015 5:42am
 

Tags: japanaid, officialdevelopmentassistance, japanyenloan, guadalupebridge, lambinganbridge, davaocity


 





Japan has committed 33.689 billion yen or about P13 billion for two major infrastructure projects, the Department of Foreign Affairs said on Tuesday. One project is meant to make Guadalupe Bridge and Lambingan Bridge earthquake-resilient.

 

The second project is a 28.8-kilometer bypass road in Davao City to ease traffic congestion there.

 

Foreign Affairs Secretary Albert F. del Rosario and Japanese Ambassador to the Philippines Kazuhide Ishikawa signed and exchanged notes on the two yen loan projects. Finance Secretary Cesar Purisima and Japan International Cooperation Agency President Akihiko Tanaka were also signatories.

 

The Metro Manila Priority Bridges Seismic Improvement Project is for the Guadalupe Bridge in Makati City and the Lambingan Bridges in Malabon.

 The other project is called the Davao City Bypass Construction Project (South and Center Sections).

 

There was no breakdown given of the yen funding for each project.

 

The DFA said the bridges project is designed to make the Guadalupe and Lambingan bridges resilient against "large-scale earthquakes" and involves activities that include "replacing, retrofitting, and reinforcing." Implementor is the Department of Public Works and Highways.

 

"(T)he Davao Bypass Construction Project, Package 1 - South and Center Sections also by the DPWH aims to improve the transport logistics and mitigate congestion in Davao City by constructing a two-lane, 28.8 km bypass that consists of road, tunnel, and bridge sections," the DFA said.  ELR, GMA News
- See more at: http://www.gmanetwork.com/news/story/534355/money/economy/japan-commits-y33-7b-for-guadalupe-lambingan-bridges-and-davao-city-bypass-road#sthash.CCBL7Yc8.dpuf

http://www.gmanetwork.com/news/story/534355/money/economy/japan-commits-y33-7b-for-guadalupe-lambingan-bridges-and-davao-city-bypass-road
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