Road upgrades planned for Mindanao in Philippines

A series of road upgrades is planned for Mindanao in the Philippines. A loan worth US$380 million from the Asian Development Bank (ADB) will help pay for the works. In all, the programme of road upgrades will cost $498 million however. Eight roads in Zamboanga Peninsula totalling 277km will be upgraded along with three bridges in Tawi-Tawi Province that will be improved.
February 1, 2018 Read time: 1 min

A series of road upgrades is planned for Mindanao in the Philippines. A loan worth US$380 million from the Asian Development Bank (ADB) will help pay for the works. In all, the programme of road upgrades will cost $498 million however. Eight roads in Zamboanga Peninsula totalling 277km will be upgraded along with three bridges in Tawi-Tawi Province that will be improved.

Finance & Funding

Related Content

  • Uzbekistan transport boost with loan
    June 25, 2020
    A new loan will help boost Uzbekistan’s transport connectivity.
    Read More
  • Argentina seeking road funding opportunities
    October 10, 2018
    Argentina is looking at financing solutions that will help the country develop and improve its road network. The country’s Transport Ministry has been holding discussions in New York with a series of major banks and finance institutions. Many of the new highway projects projected for Argentina will be carried out under the PPP model, with a new financial framework and trust fund having been planned to pay for the works. In all the programme of works calls for 7,200km of road works to be carried out using th
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • India to upgrade roads linking it to Bangladesh, Bhutan and Nepal
    September 21, 2016
    India has approved an ambitious US$1.04 billion project for constructing and upgrading 558km of roads to link it with Bangladesh, Bhutan and Nepal. India's Department of Economic Affairs has agreed to the project that will have 50% funding from the Asian Development Bank. A report by India’s independent newswire agency IANS noted that the work will be done within two years. "We have taken up five highway stretches in the country, which are very important for such a connectivity to succeed. This project i
    Read More

Highlighted Content