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Government of China in financing talks with Government of Philippines over Beata-F.Y. Manalo Bridge Project (linked to Record ID#s #63280, #63281, #63289, #63292, #63293)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of the Philippines |
| Country | Philippines |
| Start Date | Jan 01, 2018 |
| End Date | Jun 07, 2027 |
| Duration | 3,444 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 63284 |
Grant Description
Government of China in financing talks with Government of Philippines over Beata-F.Y.
Manalo 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 were planned to start in January 2021 and be completed in December 2023.
Beata-FY Manalo Bridge Project consists of a two-lane bridge that will cross the Pasig River from Beata St. in Pandacan, Manila to FY Manalo St. in Sta. Ana, Manila. The 637 meter-long bridge will be located between Pandacan Bridge and Lambingan Bridge. The total project cost will be PHP 1,386,610,000.
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.
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] (recorded in Record ID#63293) Palaca-Villegas Bridge [Contract 2] (recorded in Record ID#63281) Blumentritt-Antipolo Bridge [Contract 2] (recorded in Record ID#63289) East Bank-West bank Bridge 1 [Contract 2] (recorded in Record ID#63292).
The value of the preferential buyer's credit supporting this project 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
- High-level meeting in Beijing this week on China-supported PHL infra projects
- INFRASTRUCTURE FLAGSHIP PROJECTS AS OF JULY 27, 2018NEDA Board Approved - 35 projects
- Bridges, 12 projects pitched for China financing
- Bridges Contract
- Feasibility Study for Beata-F.Y. Manalo Bridge project 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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