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

  • Australia’s Transurban sees boost in traffic and toll revenue
    January 14, 2015
    Transurban, an Australian manager of highways and developer of urban toll roads, saw toll revenue for the December 2014 quarter increase by more than 63% to US$304 million compared to the same period last year. For the half-year ended December 2014, toll revenue rose by 63.7% to nearly $602 million, compared to the corresponding period in 2013, a company statement said. Transurban, established in 1966 and based in Melbourne, owns CityLink in Melbourne, which connects three of the city's major freeways
    Read More
  • Five consortia vie for Paraguay’s first phase of bi-oceanic corridor
    March 14, 2016
    Five consortia are vying for the contract to pave 255km of Paraguay’s bi-oceanic corridor project - the Loma Plata-Carmelo Peralta road paving works. The five consortia are INECS, EPI, ACI Proyectos Cialpa, Geocon-MCSA and Loma Plata. The 255km contract is the first phase, costing US$300 million, of a 1,045km overall corrider that will need around $926 million. Tenders for the first phase were launched in November covering the section between Carmelo Peralta, Cruce Centinela and Loma Plata in the w
    Read More
  • Colombia eyes special project finance for the 4G road programme
    January 6, 2017
    Colombia's Ministry of Finance is evaluating the use of project finance arrangements to fund the government-backed 4G road development schemes. However, regulations will have to be put in place before such arrangements can be made, according to a report by the Colombian financial newspaper Portafolio. The 4G programme consists of 45 road projects divided into three waves of development under the public-private partnership (PPP) scheme, with another category set up for private initiatives. The budge
    Read More
  • Road upgrades planned for Mindanao in Philippines
    February 1, 2018
    A series of road upgrades is planned for Mindanao in the Philippines. A loan worth US$380 million from the Asian Development Bank (ADB) will help pay for the works. In all, the programme of road upgrades will cost $498 million however. Eight roads in Zamboanga Peninsula totalling 277km will be upgraded along with three bridges in Tawi-Tawi Province that will be improved.
    Read More

Highlighted Content