China OKs $350-M loan grant for Samal-Davao bridge
APPROVED. Finance Secretary Carlos Dominguez III (left) and Chinese Ambassador to the Philippines Huang Xilian exchange copies of the signed framework and loan Agreement for the Samal Island-Davao City Connector Project at the Department of Finance in Manila Monday (June 13, 2022). The Chinese government will provide a concessional loan worth approximately USD350 million to finance the two-way, four-lane 3.86-kilometer bridge. (Photo courtesy of Chinese Embassy) DAVAO CITY - The Chinese government has announced its approval of the USD350 million loan to the Philippine government to finance the...
Source: philippinetimes.com