Edge Davao Volume 12 Issue 255 | Friday, February 28, 2020

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EDGEDAVAO Serving a seamless society

BRIDGE FUNDING

VOL.12 ISSUE 255 • FRIDAY, FEBRUARY 28, 2020

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DPWH processing pipeline requirements for Bucana Bridge in coastal road By MAYA M. PADILLO

ARTISAN BREAD TALK INDULGE A1

edgedavao@gmail.com

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P 15.00 • 16 PAGES

he Department of Public Works and Highways (DPWH) is now preparing documentary requirements for the funding of the Bucana Bridge which is part of the Davao City Coastal Bypass Road Project.

City Planning and Development Of�ice (CPDO) head Ivan Chin Cortez disclosed this latest development on the project. Cortez hinted that the frontrunners as �inancing partner are China Eximbank and the Asia Development Bank (ADB). There are also other banks being considered to �inance the project. “Commitments and intent to �inance are expected to come from �inancing institution. The Department of Finance (DOF) will negotiate and once agreements are �i-

nalized, funds will be downloaded to DPWH for implementation. As a rule of thumb, the government will go for the lowest interest offer at the time of scouting,” Cortez told Edge Davao. Cortez added that the processing time of �inancing will also be a factor in the decision because a longer time of processing may render project estimates inaccurate by the time of implementation due to in�lation. He said it is the directive of the DPWH Secretary Mark Villar to fast track im-

BRIDGE, P9

Department of Public Works and Highways (DPWH) personnel conduct a survey of the area near S.I.R. Subdivision in Matina, Davao City where a ripraping project of Davao River is being undertaken in preparation for the completion of the Davao Coastal Road project. Lean Daval Jr


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