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

  • Paraguay road contract financing model changed
    October 15, 2019
    A different financing model will now pay for work to upgrade Paraguay’s Route 2 road link.
    Read More
  • Philippines road developments planned
    December 2, 2022
    Major road developments are planned for the Philippines.
    Read More
  • Chinese firm wins highways expansion project to decongest Nairobi
    January 5, 2017
    A Chinese contractor is carrying out a major road project intended to cut congestion in Kenyan capital Nairobi – Shem Oirere writes Chinese contractor China Wu Yi has won a US$163 million contract for the reconstruction and expansion of a 25km highway leading out of Kenya’s capital Nairobi with financing from the World Bank. The contract was awarded by the country’s National Highways Authority (KeNHA), a state-owned road agency responsible for the management, development, rehabilitation and maintenance of i
    Read More
  • Melbourne picks PPP deal for roads between Werribee and Footscray
    November 14, 2016
    The Australian city of Melbourne has laid out plans for a US$1.4 billion public-private partnership to revamp major city streets. Melbourne is the capital and most populous city in the state of Victoria, and, with around 4.6 million people, the second most populous city in Australia. Some areas of Melbourne are growing by up to 6% a year. More than 700km of suburban roads will be upgraded by 2022 as part of the 20-year construction and maintenance package, said state premier Daniel Andrews. Eight h
    Read More

Highlighted Content