In the recent Regional Development Council (RDC) 6 meeting, it was reported that the DED phase of the PGN Island Bridges will take place from July this year to March 2025, which will be followed with the acquisition of the road right-of-way, from July 2024 to September 2025.
The construction of the PGN bridges is scheduled for five years, starting from 2026 to 2030 wherein the government will provide a $3 million counterpart, representing five percent of the total project cost, for taxes and management expenses.
Marcos also mentioned in his speech that the country’s infrastructure spending will stay at 5 to 6 percent of its Gross Domestic Product (GDP).
Currently, only the PGN’s DED is financed, but other project components will follow a co-financing approach as multiple financing institutions have expressed their interest in funding the project, according to the RDC 6 report.
The PGN bridges are among the flagship projects that cover investments in the areas of physical connectivity infrastructure including roads, bridges, seaports, airports, and mass transport, accounting to at least 83 percent of the Build Better More Program.
With the construction of inter-island bridges such as PGN, the present administration envisions to build a stronger economy, more efficient trade, booming tourism, added foreign investments, and more resilient infrastructure to improve the quality of life of all Filipinos. (EAD/AGP/PIA 6)