DAVAO CITY (MindaNews / 19 May) – The Island Garden City of Samal (IGACOS) mayor Al David Uy on Thursday said he is not hopeful the multi-billion 3.98-kilometer Davao City-Samal Island Bridge proje…
DAVAO CITY – The Island Garden City of Samal mayor Al David Uy on Thursday said he is not hopeful the multi-billion 3.98-kilometer Davao City-Samal Island Bridge project will be completed within the term of presumptive President Ferdinand Marcos Jr.
The local chief executive said he is expecting the P19.321-billion bridge project will be completed at the end of term of Duterte’s successor but remains hopeful that construction will commence in the next administration.“It will take another president, another administration just in time when Inday will become our president. By then, we can already use the bridge,” he said in jest.
He added that the budget for the road right of way acquisition for Samal side will be taken from the Chinese loan while on the side of Davao City, it will be taken from the 10% national budget.“Once the loan agreement is finalized and the budget for the financing is already there, negotiations for the road right of way acquisition will start. The contractor for bridge construction will be mobilized also while the road right of way negotiation is ongoing,” he said.
However, the DOF submitted on April 26 last year an updated loan application reflecting the revised financing ratio of 90% loan and 10% local fund to China International Development Cooperation Agency and Export-Import Bank of China.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SPECIAL REPORT. The Dutertes of Davao: Destiny to Dynasty (3)Last of three parts DAVAO CITY (MindaNews / 17 May) — The May 9, 2022 election in Davao City was the first after 12 years where the Duterte Dynasty faced challengers who are highly qualified…
Read more »
Republicans oust Trump-backed, scandal-plagued congressman Madison CawthornA last-minute plea by former President Donald Trump to give first-term congressman Madison Cawthorn 'a second chance' is not enough to hold off a challenge by state Senator Chuck Edwards.
Read more »
Sara hands-off on appointments“The Cabinet position is a position of trust and confidence of the President. Now, if we interfere with the secretaries that will be appointed by the President, he will be made accountable for its success or failure because the president is the Read more👇
Read more »
Reelected San Juan mayor Zamora to prioritize in-city housing, free internet for studentsReelected San Juan City Mayor Francis Zamora on Wednesday said he would prioritize in-city housing projects and expansion of free internet for public school students in his new term.
Read more »
Cortes assures Mandauehanons of improved servicesMANDAUE CITY, Philippines -- Mandauehanons can expect a better service from the administration of Mayor Jonas Cortes as they will continue to serve for another term after winning in the May 9
Read more »
Tulfo wants Senate president with 'least business interest'Senator-elect Raffy Tulfo on Thursday said he would choose a senator with “least business interest” as the next Senate president.
Read more »