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Government of China in financing talks with Government of Philippines over Palanca-Villegas Bridge Project (linked to Record ID#s #63280, #63284, #63289, #63292 and #63293)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of the Philippines |
| Country | Philippines |
| Start Date | Jan 01, 2018 |
| End Date | Jan 26, 2030 |
| Duration | 4,408 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 63281 |
Grant Description
Government of China in financing talks with Government of Philippines over Palanca-Villegas Bridge Project Pasig-Marikina River and Manggahan Floodway and Bridges Construction Project (or the Metro Manila Logistics Improvement Project) involves the construction of twelve priority bridges crossing the Pasig-Marikina River and Manggahan Floodway.
According to "INFRASTRUCTURE FLAGSHIP PROJECTS AS OF JULY 27, 2018 NEDA Board Approved - 35 projects," NEDA Board approved the project in April 2018 and the feasibility study was completed in June 2018.
The Department of Public Works and Highways submitted to DOF on June 6, 2018 the requisite documents to facilitate the application for the preferential buyer's credit loan from China.
On Aug. 22-24, 2018, the project was under discussion as one of the projects under the “second basket” for Chinese loan financing. The start of civil works was planned to start in January 2020 and end in December 2023.
On September 18, 2020, the government of the Philippines awarded the contract to the China State Construction Engineering Corporation.
Palanca-Villegas (2nd Ayala) Bridge Project will connect Villegas Street in Ermita to Palanca Street in Manila, with a total project cost of PHP 1,595,490,000.
It is part of DPWH’s Metro Manila Logistics Improvement Project (recorded in the umbrella Record ID#63280) to build 12 new bridges across the Pasig and Marikina Rivers, and the Manggahan Floodway. The 438 meter-long bridge will have two lanes, and be located between the Quezon Bridge and Ayala Bridge.
This project is part of the Metro Manila Logistics Improvement Project (recorded in the linked Record ID#63280), which also includes: North & South Harbor Bridge [Contract 1] (Record ID#63293) Beata-Manalo Bridge [Contract 2] (Record ID#63284) Blumentritt-Antipolo Bridge [Contract 2] (Record ID#63289) East Bank-West bank Bridge 1 [Contract 2] (Record ID#63292).
The value of the preferential buyer's credit supporting this loan is unknown.
Staff Comments
As of December 2020, two commercial contracts for the implementation of the bridges have been signed by two Chinese companies and the Department of Public Works and Highways of the Philippines (Xinhua News).
Sources & References
- Bridges
- INFRASTRUCTURE FLAGSHIP PROJECTS AS OF JULY 27, 2018NEDA Board Approved - 35 projects
- High-level meeting in Beijing this week on China-supported PHL infra projects, 12 projects pitched for China financing
- Bridges Contract
- DPWH_ Official Metro Manila Bridges Set to Decongest EDSA Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
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Government of the Philippines
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