Japanese funding for Philippines tunnel project

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
January 30, 2017 Read time: 1 min
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 expertise. The aim of the project is to reduce congestion in Davao City and cut journey times, particularly between the commercial centre and the port areas.
Finance & Funding Road Structures

Related Content

  • US$683 million Bangladesh highway upgrade
    September 9, 2024
    US$683 million is being targeted for a key Bangladesh highway upgrade project.
    Read More
  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • Key Philippines highway projects commencing
    November 28, 2016
    Two major highway projects are now moving forward in the Philippines. One is for the development of a highway stretch to connect the North Luzon Expressway and South Luzon Expressway. The other is for a new coastal road stretch close to Davao City. The US$485million North Luzon Expressway to South Luzon Expressway highway connection is being handled under a 35 year concession package. Metro Pacific Tollways (MPT) is investing $332 million in the project, which is being handled under the build-operate-tra
    Read More
  • Japan's record boost for Bangladesh economy
    February 13, 2012
    The overseas aid arm of the Japanese government has given the green light to three record loans, totaling US$670 million in support of Bangladesh's growing economy.
    Read More

Highlighted Content