Philippines project finding funding

Road in the area around Mindanao in the Philippines will benefit from the provision of a loan worth US$380 million. This funding package is being supplied by the Asian Development Bank (ADB). The loan will be used for the Improving Growth Corridors in Mindanao Road Sector project. This is intended to improve and upgrade up to 280km of roads in the area. A further $123 million is being provided by the Philippines Government for the work, which will cost $503 million in all.
December 20, 2017 Read time: 1 min
Road in the area around Mindanao in the Philippines will benefit from the provision of a loan worth US$380 million. This funding package is being supplied by the 943 Asian Development Bank (ADB). The loan will be used for the Improving Growth Corridors in Mindanao Road Sector project. This is intended to improve and upgrade up to 280km of roads in the area. A further $123 million is being provided by the Philippines Government for the work, which will cost $503 million in all.


Meanwhile financing has been secured for work to the next stage of the 109km Samar Pacific Coastal Project. The financing comes in the shape of a loan from the 1290 Export-Import Bank of Korea. The work on the highway will be carried out in 2018 and 2019.

Finance & Funding

For more information on companies in this article

Related Content

  • Nicaragua is planning major road investments
    March 30, 2015
    The Nicaraguan Government is setting out major plans for road infrastructure development. The country's master plan for road infrastructure envisages work to a total of 4,200km of main roads across the country. This programme is expected to cost in the order of US$5.20 billion, according to pre-feasibility studies carried out by Korea Expressway Corporation (KEC). Funding is being sought at present by the Nicaraguan Government, which is in discussion with a number of bodies.
    Read More
  • Japanese funding for Philippines tunnel project
    January 30, 2017
    A new tunnel project in the Philippines is to be constructed with the help of Japanese funding. The project calls for the building of a new tunnel section connecting the centre of Davao City with its southern tip. Necessary funding for the work is being provided by the Japan International Cooperation Agency (JICA). The official development assistance (ODA) loan being provided by the JICA is worth US$232.74 million. The new Davao City bypass construction project in 2015 will be developed using Japanese exper
    Read More
  • Vietnam’s massive expressway expansion
    March 6, 2025
    Vietnam is working on a massive expansion of its expressway network.
    Read More
  • New Kazakhstan highways planned
    May 11, 2018
    New highway bypasses are being planned for South Kazakhstan. The routes will bypass the cities of Shymkent and Sarygash and will feature two lanes in either direction. The projects are costing US$303.5 million in all to construct. A portion of the necessary funding for constrution and operation of these bypasses will be provided via grant from the Asian Development Bank (ADB).
    Read More

Highlighted Content