Government of the Philippines

Panay-Guimaras-Negros Island Bridges Project - ECA/DFI Direct Loan

Industry
Infrastructure/Bridge
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Philippines

Deal Overview

The Philippines' government has secured a $56.6 million loan from South Korea to fund engineering services for the Panay-Guimaras-Negros Island Bridges Project. The financing will be provided by Kexim and the Economic Development and Cooperation Fund.The inter-island bridges project, which will...

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The Philippines' government has secured a $56.6 million loan from South Korea to fund engineering services for the Panay-Guimaras-Negros Island Bridges Project. The financing will be provided by Kexim and the Economic Development and Cooperation Fund.

The inter-island bridges project, which will be implemented by the Department of Public Works and Highways, entails the construction of two sea-crossing, four-lane bridges totalling 32.47km — including connecting roads and interchanges — to connect the islands of Panay, Guimaras and Negros in Western Visayas. The loan will help the government prepare and complete the necessary operations and works preparatory to the building of the two bridges, including preliminary design, comprehensive engineering design and procurement assistance. The Panay-Guimaras-Negros Island Bridges Project is anticipated to begin engineering services this year and construction in 2025, with a total projected cost of PHP187.54 billion ($3.5 billion).

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Deal Volume
$ 56.6m
Financial Close
05 May 2022

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Projects

Panay-Guimaras-Negros Island Bridges Project

Greenfield
Bridge
Asia Pacific
Philippines
$ 3.5bn