The governments of the Philippines and China exchanged documents on 13 June for a US$363 million loan to finance the construction of the two-way, four-lane extradosed bridge connecting Davao City and the Island Garden City of Samal in Mindanao.
This loan will cover 90% of the financing requirements of the project’s design-and-build contract.
The Philippines Department of Public Works & Highways (DPWH) had already entered into an agreement with China Road & Bridge Corporation for the construction of the 3.86km bridge, which, once completed, will significantly cut travel time between Davao City and Samal Island, and reduce the dependency on ferry services.
The project’s environmental impact assessment was prepared by Ove Arup & Partners Hong Kong and Galerio Environmental Consultancy.
