Philippines, Korea sign P4.89 billion loan for Panguil Bay Bridge Project


The Philippine government and the Export-Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF) formally signed yesterday the P4.89 billion loan agreement for the 4.19-kilometer Panguil Bay Bridge connecting the city of Tangub in Misamis Occidental and the municipality of Tubod in Lanao del Norte in Northern Mindanao.

The bridge project is considered a major infrastructure development in Northern Mindanao and will reduce travel time between Tangub and Tubod from the usual 2.5 hours to 7 minutes. It will also significantly improve the travel time from Cagayan de Oro and Iligan to the cities of Tangub, Ozamiz, Oroquieta, Dipolog, and Dapitan in Zamboanga de Norte.

Read more HERE.

photo by Department of Foreign Affairs

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  1. nightcafe says:

    Grabe silah!kapag election season na; mabilis mgloan ng project…parang naging masipag agad ang goberno…tuwad tuwad nga goberno.

  2. Helen says:

    Thank you!

  3. esh says:

    It should be properly accounted for and transparency in utilization of such funds a must. Baka naman saang bulsa ito mapadpad.

  4. kim says:

    exactly.. we’ll keep an eye on it..

  5. sorna says:

    2012 …2013..2014…2015…2016… puro kwento lang

  6. PRESIDENT Jejomar Binay says:

    hahahaa sure na ang kick-back ko! billions nanaman! only binay!

  7. fe says:

    Buti na lang korea hindi china…

  8. RFM says:

    Yes this is good for Northern Mindanao’s economy. Later on “State of Northern Mindanao” in Federal Government.

  9. vat says:

    it will be a big help in going to tangub..salamat po..

  10. Well sabi ni President ipasa nya ang freedom of info.para Alan ng mga tao kung ano pinagagawa ng mga opisyal

  11. Merlyn says:

    How about Suquijor to Dumaguete 😂😂😂😂😂😂

  12. Ferdinand says:

    Ano na namang isla ang naka collateral dito?

  13. Nestor Tambis says:

    Good start. Please also connect Bicol-Samar then Leyte-Surigao. Thank you.

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