President Ferdinand Marcos Jr. inaugurated the first and longest segment of the P46.8-billion Davao City Coastal Bypass Road Project that involves building a 45.5-kilometer road through the country’s longest mountain tunnel. | NCorralesINQ /PDI
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After the inauguration of the bypass road, Marcos also witnessed the signing of the P73.4-billion loan agreement for the Davao Public Transport Modernization project. Finance Secretary Benjamin Diokno and Asian Development Bank country director Pavit Ramachandran signed the financing deal at a hotel here.
The Davao City government will also contribute P1.5 billion for the project, which is expected to cater to 800,000 passengers daily.“I assure my fellow Filipinos that your government is working hard to improve the country’s transportation systems, operations, and management for the benefit of present and future generations,” the president said in his speech.
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