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Government of China in financing talks with Government of Philippines over East-West Bank Bridge 1 Project (linked to Record ID#s #63280, #63281, #63284, #63289, #63293, #63292)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of the Philippines |
| Country | Philippines |
| Start Date | Jan 01, 2018 |
| End Date | Apr 14, 2030 |
| Duration | 4,486 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 88516 |
Grant Description
Government of China in financing talks with Government of Philippines over East-West Bank Bridge 1 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.
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 be completed in December 2023.
East-West Bank Bridge Project 1 will cross the Pasig River from the Eastbank Dike Road to the Westbank Dike Road in Pasig City, and will be between Ortigas Extension Bridge and Legaspi Bridge. The bridge has a total project cost of PHP 1.5 billion, and a length of 200 meters.
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) Beata-Manalo Bridge [Contract 2] (recorded in Record ID#63284) Blumentritt-Antipolo Bridge [Contract 2] (recorded in Record ID#63289) East-West Bank Bridge 2 (recorded in Record ID#63292).
The value of the preferential buyer's credit supporting this project is unknown.
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
- Feasibility Study for Beata-F.Y. Manalo Bridge project
- The China-Philippines intergovernmental cooperation project adds a new chapter. Manila’s three bridges project signed a commercial contract. 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.
All Grantees
Government of the Philippines
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