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

  • Loans pave future for Philippine roads
    March 2, 2012
    An agreement worth US$493 million will seal the future or road maintenance projects and highway upgrades in the Philippines.
    Read More
  • Japanese input for Sudanese bridge project
    April 25, 2012
    A key agreement between the Sudanese Government and the Japan International Cooperation Agency (JICA) will see a new bridge being built in South Sudan. The US$90 million bridge will measure 560m long and will span the River Nile. A seven month feasibility study has already been carried out into the project for Sudan’s road and bridges ministry and construction is expected to take three years to complete. JICA has agreed to give technical assistance although it is not clear at this stage whether funding will
    Read More
  • Vietnam road and port projects to be funded by ODA package
    March 27, 2014
    Vietnam’s government has secured an ODA (Overseas Development Agency) financial support package worth US$844.95 million (JPY 86.4 billion) for four infrastructure projects in the country. A total of $179.75 million (JPY 18.4 billion) of the package will go to Ho Chi Minh City-Dau Giay Highway that is scheduled for completion in July 2016, while another $165.1 million (JPY 16.9 billion) is allocated for Tan Vu-Lach Huyen Road, set to open in early 2017.
    Read More
  • Japanese funding for Georgia road deal
    September 7, 2018
    Japanese funding will help pay for a key road project in Georgia.
    Read More

Highlighted Content