The Philippines borrowed 2.34-billion renminbi (about P17.39 billion or $362 million) from China to fund the construction of a 2-way, 4-lane bridge expected to cut travel time from Davao City and the City of Samal in Mindanao.
THE Philippines borrowed 2.34-billion renminbi from China to fund the construction of a 2-way, 4-lane bridge expected to cut travel time from Davao City and the City of Samal in Mindanao.
Finance Secretary Carlos G. Dominguez III and Chinese Ambassador to the Philippines Huang Xilian exchanged the loan documents on Monday afternoon at the Department of Finance as the two countries recently celebrated the 47th anniversary of their diplomatic relations and the 21st commemoration of the Filipino-Chinese Friendship Day last June 9.
The construction of the 3.86-kilometer SIDC bridge is expected to reduce the dependency of commuters on ferry services between Davao City and Samal Island. To date, China’s total financing commitments to the Philippines now amount to $1.1 billion. These include loans for the following: Chico River Pump Irrigation project of the National Irrigation Administration ; the New Centennial Water Source-Kaliwa Dam project of the Metropolitan Waterworks and Sewerage System ; and, the Project Management Consultancy of the Philippine National Railways South Long Haul project of the Department of Transportation .
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
DOJ issues lookout bulletin vs owner of vehicle involved in Mandaluyong City hit-and-runThe Department of Justice (DOJ) issued at noon today, June 14, an Immigration Lookout Bulletin Order (ILBO) against Jose Antonio San Vicente Sr., the registered owner of the vehicle that rammed a security guard last June 5 in Mandaluyong City. READ:
Baca lebih lajut »
Lookout bulletin sought vs owner of vehicle in security guard ramming in Mandaluyong CityThe Department of Justice (DOJ) has been asked to issue an Immigration Lookout Bulletin Order (ILBO) against the owner of the vehicle that rammed a security guard last June 5 in Mandaluyong City.
Baca lebih lajut »
Iloilo City asks for ‘patience, consideration’ after jeepney plan backlashCommuters complain about delays in getting rides and the higher transport costs as a new re-routing program rolls out.
Baca lebih lajut »
No water for 3 hours in parts of Antipolo City subdivision on June 14Residents of a subdivision in Barangay Mayamot in Antipolo City will have no water for three hours on June 14, Tuesday.
Baca lebih lajut »
Man arrested in Cebu City for blackmailing woman by threatening to spread her intimate photosA man was arrested after he allegedly threatened to spread the nude photos of a woman if she would not pay him or have sex with him.
Baca lebih lajut »
BTr nearly meets programmed T-bill offering | Bernadette D. NicolasTHE Bureau of the Treasury raised P14 billion out of its P15-billion programmed offering of Treasury bills (T-bills) as investors stuck to their positions resulting to uptick in rates across all tenors. The auction committee fully awarded P5 billion each for the 91-day and the 182-day T-bills while it partially…
Baca lebih lajut »