DAVAO CITY – The construction of the Panguil Bay Bridge foundation is on the roll as major bridge equipment to be used by the contractor were already deployed on-site.
In a statement on Friday, Mar. 26, Department of Public Works and Highways (DPWH) Secretary Mark A. Villar said "the contractor can now go full blast with the delivery of equipment and materials to be used for its foundation works."
"Soon to be (the) longest bridge in the Philippines at 3.169 kilometer, we are excited to see the realization to make Filipinos even more connected through a megabridge that will spur interisland travel in Northern Mindanao," said Villar.
DPWH Undersecretary for Unified Project Management Office (UPMO) Operations Emil K. Sadain said that major bridge equipment by Korean joint venture contractor Namkwang-Kukdong-Gumwang have reached project site aboard vessels from South Korea and Brunei.
Once completed, the Panguil Bay Bridge project will connect Tangub City and Tubod shortening travel time to "just seven (7) minutes."
The investment has a total amount of P7.375 billion with the P2.168 billion to be financed by the Philippine government. The P5.207 billion is under a loan agreement between the government and Korean Export-Import Bank (Korea Eximbank).