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

  • South Africa road repair deals for contractors
    March 13, 2018
    A series of road repair contracts are being carried out now in South Africa. Bakwena, a road construction and maintenance firm, is maintaining and upgrading road infrastructure along the 385km of the N1N4 in a deal worth US$84.6 million. Meanwhile the contractor Raubex Construction is working on a $49.22 million project for a new link between the M17 and R512 routes. In addition, Raubex Construction is carrying out $4.65 million of improvement works on the R511 interchange. Resurfacing of a stretch of the
    Read More
  • ADB loan India US$275mn to boost rural connectivity
    February 13, 2014
    The Indian government has signed a pact with Asian Development Bank (ADB) for loans worth US$ 275 million, as part of its nationwide Rural Connectivity Investment Programme. The loan is the second tranche of the $800 million financing facility set aside for the project, and will be used to finance works of constructing 3,693km of rural roads in five Indian states such as West Bengal, Odisha, Madhya Pradesh, Chhattisgarh, and Assam. Further funds of $81.56 million will be financed by the government, taking t
    Read More
  • Oman’s new US$390 million highway
    December 5, 2024
    Oman is building a new US$390 million highway.
    Read More
  • Major road plans are being set for Russia’s two key cities
    May 14, 2012
    Targets are being set for road investment, construction and repairs in Russia. To meet the country’s infrastructure needs, Russia’s National Association of Builders estimates that some 1,500km of roads must be built/year. Meanwhile the highway authorities in Moscow are aiming to repair around 33% of the city’s road surface every year. Some 23.6 million m2 of road surface will be repaired in Moscow during 2012, compared with 24.7 million m2 in 2011.
    Read More

Highlighted Content