ADB approves up to $2.1 billion financing for bridge to decongest Philippine capital

December 12, 2023 - 5:55 PM
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This August 2007 file photo shows the facade of Asian Development Bank in Pasig City. (Eugene Alvin Villar/Wikimedia Commons)

The Asian Development Bank said on Tuesday it had approved financing of up to $2.1 billion for the Philippines to construct a 32 km (20 mile) climate-resilient bridge across Manila Bay, a project aimed at decongesting the capital.

The Bataan-Cavite interlink bridge would enable better mobility of goods and labour and support development of the regional economy, the ADB said in a statement.

– Reporting by Martin Petty; Editing by Kanupriya Kapoor