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

  • Tunnel project of Chilean capital Santiago
    April 8, 2015
    Tunnel construction in Chilean capital Santiago will help cut chronic congestion – Mauro Nogarin & Mike Woof write. Chile’s capital Santiago is a thriving city having benefited from the country’s economy growing strongly in recent years. The massive copper mining sector has helped boost the country’s GDP significantly in the past few decades, also aided by the growing international reputation of Chile’s large wine industry. The steady economic growth has resulted in an equally steady growth in average incom
    Read More
  • Funding for Belarus road project
    May 18, 2016
    Funding for a key project in Belarus could be supplied by the European Bank of Reconstruction and Development (EBRD). Financing is required for the reconstruction of the M10 highway in Belarus, which runs from Kobrin through Gomel to the Russian border. The EBRD will consider options once the results of the tender have been revealed. The private sector looks likely to take part in the project, which is conceived as a PPP scheme, the first for Belarus. The project will be handled under the concession mode
    Read More
  • ADB’s US$95mn loan for key Kazakhstan highway
    July 9, 2012
    Asian Development Bank (ADB) will provide a loan worth US$95million to Kazakhstan for the reconstruction of the Western Europe - Western China highway. The 20-year loan will be given with a four-year grace period at interest rate of LIBOR+0.4% for each interest-paying period. The overall cost of the Western Europe-Western China highway project is US$ 112million.
    Read More
  • Thirst for Infrastructure: The Belt & Road Initiative
    November 8, 2017
    Susanna Zammataro, IRF Geneva, writes: The China Highway and Transportation Society (CHTS) – an esteemed member of IRF – will be hosting a special Session on the Belt and Road Initiative during the IRF World Meeting in Delhi, 14th-17th November 2017. Last May, president Xi Jinping welcomed 28 heads of state and government to Beijing to celebrate the “Belt and Road” initiative, an ambitious plan in terms of infrastructure development, but also in terms of foreign policy. Launched in 2013 as “One belt, On
    Read More

Highlighted Content