DOF touts ₱60-B financing from Korea for infra projects

Quick Summary:

THE Department of Finance (DOF) secured P60.16 billion in financing agreements from the Government of Korea to fund three major infrastructure projects designed to improve mobility and boost economic development in Luzon and Visayas.

Travel time from Panay to Negros Islands through ferries or ro-ro will be shortened from 3 to 4 hours to less than 1 hour once the project is completed by 2031.

The project, which involves the construction of two sea-crossing bridges, spanning 32.47 km combined—including connecting roads and interchanges, will connect the islands of Panay, Guimaras and Negros.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesSouth KoreaMyanmar

Topics: South Completed Bank Korea Development Billion Minutes Road Financing Project Projects

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 16:19:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 546 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22969979

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Official Website: businessmirror.com.ph

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News Last Updated: 13 hours ago

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