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Overview

Government of China in financing talks with Government of Philippines over North and South Harbor Bridge Project (linked to Record IDs #63280, #63281, #63284, #63289, and #63292)

Commitment Year•2018Country of Activity•PhilippinesDirect Recipient Country of Incorporation•PhilippinesSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2018
Start (planned)
Jan 1, 2020
Start (actual)
Jan 4, 2023
End (planned)
Dec 1, 2023

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of the Philippines

Implementing agencies

State-owned companies

  • China State Construction Engineering Corporation (CSCEC)

Loan desecription

Government of China in financing talks with Government of Philippines over North and South Harbor Bridge Project (linked to Record IDs #63280, #63281, #63284, #63289, and #63292)

Interest type•Unknown

Narrative

Full Description

Project narrative

Pasig-Marikina River and Manggahan Floodway and Bridges Construction Project (or the Metro Manila Logistics Improvement Project) involves the construction of twelve priority bridges crossing the Pasig-Marikina River and Manggahan Floodway. According to "INFRASTRUCTURE FLAGSHIP PROJECTS AS OF JULY 27, 2018NEDA Board Approved - 35 projects." NEDA Board approved the project in April 2018 and the feasibility study was completed in June 2018. The Department of Public Works and Highways submitted to DOF on June 6, 2018 the requisite documents to facilitate the application for the preferential buyer's credit loan from China. On Aug. 22-24, 2018, the project was under discussion as one of the projects under the “second basket” for Chinese loan financing. The start of civil works was planned to start in January 2021 and end in December 2023. On January 4, 2023, the loan agreement for the project was signed, and the project entered the implementation stage. North and South Harbor Bridge Project will cross the Pasig River from Parola (Barangay 20) to Baseco (Barangay 649) in Manila, and will be parallel to the Roxas Jr. Bridge. It has a project cost of PHP 8,029,530,000, and a length of 2,026 meters. It is part of DPWH’s Metro Manila Logistics Improvement Project (recorded in the umbrella Record ID#63280) to build 12 new bridges across the Pasig and Marikina Rivers, and the Manggahan Floodway. This project is part of the Metro Manila Logistics Improvement Project (recorded in the linked Record ID#63280), which also includes: Palanca-Villegas Bridge [Contract 2] (recorded in Record ID#63281) Beata-Manalo Bridge [Contract 2] (recorded in Record ID#63284) Blumentritt-Antipolo Bridge [Contract 2] (recorded in Record ID#63289) East Bank-West bank Bridge 1 [Contract 2] (recorded in Record ID#63292). The value of the preferential buyer's credit supporting this project is unknown.

Staff comments

As of December 2020, two commercial contracts for the implementation of the bridges have been signed by two Chinese companies and the Department of Public Works and Highways of the Philippines (Xinhua News).