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

  • Tunisian road projects being planned
    February 15, 2016
    Tunisia’s road network looks set to expand now that new funding has been secured. The Tunisian Assembly of the Representatives of the People has agreed two loans from the African Development Bank (ADB) worth a total of nearly US$208 million. These loans are to be repaid over 20 years and will help fund road infrastructure developments for the 2016-2020 period. The work will focus on upgrading classified roads. This includes renovating 719km of roads, building 23 bridges and constructing a 7.3km-long bypass
    Read More
  • Ayala interest in private-public partnership projects in Philippines
    November 6, 2012
    Philippines-based conglomerate Ayala Corporation, together with its subsidiaries, is interested in at least US $ 1.85 billion worth of private-public partnership projects that are to be bid out by the government. The projects are to include the Daang Hari toll road worth US $ 50million which Ayala has already gotten the contract for, said Ayala's managing director and head of corporate strategy John Eric Francia. Ayala is reportedly interested in making bids for projects such as the LRT2, the US $ 700millio
    Read More
  • Argentina road funding loans provided
    June 7, 2019
    In Argentina a new loan facility for road projects is now being provided by the Banco de Inversion y Comercio Exterior (BICE). The loan facility will be worth US$100 million and will be offered for projects being handled under the PPP model and with distances of 2,500km or more. This is expected to speed up plans for various PPP projects, with some $6 billion for road concessions planned for the next four years. A number other funding sources are being developed but are yet to be finalised.
    Read More
  • Sri Lanka road financing deal agreed
    June 4, 2015
    A financing deal has been signed for a series of major road projects in Sri Lanka. A second loan facility worth US$107 million has been agreed between the Sri Lankan Government and the Asian Development Bank (ADB). This loan facility will be used to finance road upgrade projects in Sabaragamuwa Province, North Western Province, Western Province, North Central Province and Central Province. This loan forms part of the $800 million Integrated Road Investment Programme planned by the Sri Lankan Government. The
    Read More

Highlighted Content