- China signed an agreement with the DPWH to grant $60 million to help fund Davao City’s River Bridge project
- The Davao River Bridge Project is the third bridge project granted by the Chinese government to the Philippines
- Earlier, Davao City Mayor Sara Duterte said the support was not a loan but a “gift” to Davao City
China has confirmed that they will give a generous grant to Davao City’s bridge project.
The Chinese Embassy in Manila announced that it has signed an agreement with the Department of Public Works and Highways (DPWH) that it will grant approximately $60 million for the Philippines’ Davao River Bridge Project.
The Davao River Bridge Project is the third bridge project granted by the Chinese government to the Philippines, apart from the Binondo-Intramuros Bridge and the Estrella-Pantaleon Bridge Projects.
The Davao River Bridge is considered an important component of Davao City’s high-standard highway network. This two-way four-lane bridge will be 477 meters long with the total route’s length of 1,340 meters.
The China Embassy in Manila shared a few details on the project.
It said, “The total implementation period is around 30 months, including design and construction phases. Once completed, the bridge will be able to accommodate more than 15,000 vehicles per day and significantly ease the traffic congestion in Davao City.”
Earlier, Davao City Mayor Sara Duterte said the Chinese government will take part in the PHP1.5-billion Davao River Bridge project.
The city Mayor also clarified during an interview that the financial support from the Chinese government is not a loan. “It is not a loan, it is a grant — a gift to Davao City,” she said.