The Department of Public Works and Highways (DPWH) announced a new loan agreement worth Php2.96 billion ($56.6 million) from South Korea. The lent money will be used to fund a megaproject that will connect three major areas in Western Visayas, namely Panay, Guimaras, and Negros Islands. Thus, the Panay-Guimaras-Negros (PGN) Island Bridges Project.
In a post by the DPWH on Facebook, it claims that the large sum will be used for the engineering process of the large undertaking, which would include, among other things, the preliminary design, viability research, and an estimation of the elaborate construction costs.
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According to DPWH Undersecretary Emil Sadain, the gathered loan will help in expediting the rollout of the 32-kilometer PGN island bridges project connecting the 3 provinces. However, he notes that the construction phase will not take place until the next administration.
Additionally, the DPWH informs the public of yet another project that will see the aid of the South Korean government. Specifically, the Samar Pacific Coastal Road Project, which would see a junction between Northern and Eastern Samar as well as Northern Mindanao’s Panguil Bay Bridge.