ADB approves USD 1.7 Billion loan for laguna expressway

November 12, 2024

Hey there, today is November 12,

A new typhoon named Nika is already affecting the northern part of the Philippines. To all Constructors who are situated in that area, take good care.

In today’s edition, we'll cover the news about ADB's approval of the Laguna expressway project through a $1.7 US billion loan.

Let's dive in...

Philippines

ADB's approval of the Laguna expressway project through a $1.7 US billion loan.

The Asian Development Bank approves a 1.7 billion loan for the Laguna lakeshore road network. The project aims to enhance the mobility between Taguig and Calamba. The road network features bridges and viaducts that can reduce travel time by 25%.

This project is part of the Philippine Government’s Luzon Economic Corridor, Aiming to enhance connectivity and economic growth. The Financing will also fund climate-resilient infrastructure such as elevated viaducts and reinforced embankments, to protect against environmental risk.

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