Loans pave future for Philippine roads

An agreement worth US$493 million will seal the future or road maintenance projects and highway upgrades in the Philippines.
March 2, 2012 Read time: 1 min
An agreement worth US$493 million will seal the future or road maintenance projects and highway upgrades in the Philippines. A 25 year loan is being agreed between the 2416 Japan International Cooperation Agency (JICA) and the Philippine Government. The plans include repairs and maintenance to 600km of roads, rehabilitation of some 650km of roads and upgrades to a further 130km of roads.
Asphalt milling, paving & compaction Concrete milling, paving & compaction

For more information on companies in this article

Related Content

  • Chinese input for Democratic Republic of Congo road improvement
    December 13, 2023
    A Chinese firm will assist with a road project in the Democratic Republic of Congo.
    Read More
  • Loan for Nepal highway project
    December 6, 2016
    A new highway project in Nepal will benefit from a loan provided by the Asian Development Bank (ADB). The loan is worth nearly US$187 million. It will be used to help upgrade the country’s East-West Highway. In addition, the loan will will also be used to improve other key sections of Nepal’s road network. Key stretches of the 45km Bhairahawa-Taulihawa road as well as the 115km Narayanghat-Butwal road will be upgraded. Separate funding from the ADB will pay for technical assistance to Nepal’s Department of
    Read More
  • South Australia highway upgrade work underway
    March 17, 2022
    Work is underway in South Australia highway for a major upgrade.
    Read More
  • Nicaragua road upgrades - funding secured
    March 1, 2018
    Financing worth US$238 million has been secured for planned road upgrades and improvements in Nicaragua. The funding comes in the shape of a loan from the Central American Bank for Economic Integration (CABEI). The upgrade works will be carried out to just over 194km of roads across the country. These works form part of the Nicaraguan Government’s VII Road Improvement and Renovation Programme. Meanwhile a further funding package worth $1.4 million from CABEI will help pay for various studies for Phase I of
    Read More

Highlighted Content