The most awaited creation of the multi-million-dollar, sea-crossing bridges in Western Visayas (Region 6) will commence in the first quarter of 2023, the Department of Public Works and Highways (DPWH) declared on Friday, Nov. 11.
The most awaited creation of the multi-million-dollar, sea-crossing bridges in Western Visayas will commence in the first quarter of 2023, the Department of Public Works and Highways declared on Friday, Nov. 11.In his report to DPWH Secretary Manuel M. Bonoan, Senior Undersecretary Emil K. Sadain announced that the Department of Finance has issued evidence of authority for the engineering services of the Panay-Guimaras-Negros Island Project for the loan agreement to be in effect.
The DOF has already sent a green light on Oct. 24 for the usage of the loan agreement, according to Sadain, adding that the ceremonial exchange of signed loan agreement was held last May between the DOF and Export-Import Bank of Korea . “The indicative construction cost of the 32.47 km of bridges project is ₱187 billion. Target completion of the project is 2029,” DPWH Stakeholders Relations Service Director Randy R. Del Rosario told theHe said the US$56.6 million loan from the Korean government is only for the funding of engineering services such as preliminary designs covering a review of the feasibility study and basic design, detailed engineering design, including estimation of construction cost, and procurement assistance.
The Infrastructure Development Committee of the Regional Development Council 6 approved the Guimaras-Negros linkage or Section B.
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