Skip to main content

Australia provides US$107.2mn for Philippines road projects

Three Philippine provinces will receive US$107.2million from Australia for road-based projects. Aklan, Lanao del Norte, and Davao del Norte will receive the funds as part of an existing five-year provincial road management facility (PRMF) scheme involving ten provinces set to end in 2014, revealed Bill Tweddell, the ambassador of Australia. Most of the money will be allocated for road maintenance and rehabilitation. The programme initially covered Misamis Occidental, Bohol, Misamis Oriental, Guimaras, Bukid
April 24, 2012 Read time: 1 min
Three Philippine provinces will receive US$107.2million from Australia for road-based projects. Aklan, Lanao del Norte, and Davao del Norte will receive the funds as part of an existing five-year provincial road management facility (PRMF) scheme involving ten provinces set to end in 2014, revealed Bill Tweddell, the ambassador of Australia. Most of the money will be allocated for road maintenance and rehabilitation. The programme initially covered Misamis Occidental, Bohol, Misamis Oriental, Guimaras, Bukidnon, Surigao del Norte and Agusan del Sur.

Related Content

  • Macquarie funds Mexican highway deal
    May 3, 2012
    Late in 2010 Macquarie Mexican Infrastructure Fund (MMIF), the first peso-denominated fund focused solely on investment opportunities in Mexican infrastructure projects, completed the acquisition of a northern Mexico highway package.
  • ARTBA’s research reveals US public supports infrastructure investment
    November 15, 2012
    According to the American Road & Transportation Builders Association (ARTBA), US voters are keen to see increased spending on infrastructure. ARTBA’s analysis suggests that voters approve nearly 70% of state and local transportation ballot initiatives, which is consistent with the results of the last four US elections. ARTBA tracked 31 measures overall; five were statewide initiatives and 26 were local. The measures would increase or extend funding for highways, bridges and transit. All of the seven bond in
  • New funding for 44 infrastructure projects
    December 26, 2024
    New funding awards escalate the launch of 44 major infrastructure projects.
  • Nicaragua’s 2016 budget could boost Rio Blanco Mulukuku road project
    October 23, 2015
    Nicaragua has boosted it budget by $84 million for 2016 in an effort to stimulate the construction sector, local media report. Public resources will reach around US$600 million and will be aimed to fund infrastructure work such as the Rio Blanco Mulukuku road and the Naciones Unidas-Bluefields road. The Ministry of Transport will receive $200 million of the budget of which $46 million will be earmarked for the road maintenance fund – Fomav – concerning nearly 2,600kmn or roads. In addition, money w