The Philippine Government thru the Department of Public Works and Highways (DPWH) has just signed a memorandum of agreement with Yooshin Engineering Corporation, in joint venture with Pyunhwa Engineering Consultants Ltd., and Kyong-Ho Engineering & Architect Co. Ltd. for the consultancy services of the P4.9 billion 3.48-kilometer Panguil Bay Bridge Project in Northern Mindanao.
In a statement posted in DPWH’s official Facebook page (see link at end of article), the DPWH led by Undersecretary Emil K. Sadain and Vice Chairman Hyun Tae Kang and President Kuan Jung Joo of Yooshin Engineering Corporation; Vice President Soo Young Park of Pyunhwa Engineering Consultants Ltd.; and Vice President Ryu Jae Hun of Kyong-Ho Engineering & Architectects Co. Ltd. signed the deal where the Korean firms agree to assist the DPWH in the conceptual design, preparation of bidding documents, design review, construction supervision, and post-construction supervision starting June 2017.
Panguil Bay Bridge Project is a 3.48-km, two lane bridge that will connect the city of Tangub in Misamis Occidental to the municipality of Tubod in Lanao del Norte. It is funded under the loan agreement with Korean Economic Development Cooperation Fund (KEDCF) and is expected to accelerate and sustain the economic growth in Mindanao regions by providing efficient and seamless transport of goods and services.
More details below.