Metro Pacific Tollways Development Corporation has been officially awarded the contract for the Cebu-Cordova Bridge in the Philippines.
The contract with the city of Cebu and the municipality of Cordova covers the financing, design, construction, implementation, operation and maintenance of the bridge and the associated 8.25km toll road. The project is estimated to cost up to about US$570 million.
Cebu-Cordova Bridge is designed to relieve increasing traffic congestion on the Marcelo Fernan Bridge and the Mandaue Bridge. It will be built about 7.5km south of the Mandaue Bridge and will take off from the Cebu South Coastal Road crossing the Mactan Channel to Mactan Island.
Construction is expected to start next year for completion by 2020.
