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Philippines secures P17.39-B loan from China for Samal Island-Davao City Connector project

Less than two weeks before it steps down, the Duterte administration’s Build, Build, Build program secured a new loan from China for the construction of a bridge connecting Davao City and Samal island in Mindanao, the Department of Finance (DOF) announced on Tuesday.
Davao City Island Garden City Of Samal Samal City Samal Island Chico River Nueva Ecija

PHL borrows ₧17.39 billion from China | Bernadette D. Nicolas

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 concessional loan for the Samal Island-Davao City Connector (SIDC) project is also…
Davao City Pagadian City Samal Island Chico River Nueva Ecija Sarangani Province

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