Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Davao bypass tunnel work completed

Davao bypass tunnel work completed – BusinessWorld Online


      
      
      
      
      








DPWH

THE Department of Public Works and Highways (DPWH) said it had completed the excavation works for the 2.3-kilometer twin tube tunnel segment of the Davao City Bypass project.

“This tunnel is both a literal and symbolic passage toward a brighter future. It reflects our shared vision of infrastructure that fosters sustainability, economic growth, and strengthened bilateral ties with Japan,” DPWH Undersecretary Emil K. Sadain said.

The 2.3-kilometer road is part of the Contract Package (CP) I-1, which has an estimated cost of P13.3 billion, according to the DPWH website.

The agency said it has completed the tunnel excavation works for the two lanes northbound tube of the project.

This 2.3-kilometer twin tube tunnel is part of the Davao City Bypass project, which is targeted for completion and operations by 2028.

The Davao Bypass project aims to help decongest Davao City roads by offering an alternative route. The project runs through the mountains and connects Davao City via the tunnel and Panabo City via Davao del Norte.

The 45.6-kilometer bypass road in Davao region has an overall cost of P70.82 billion. It is being financed through a combination of loan agreement with the Japan International Cooperation Agency and government funds.

Mr. Sadain said the Davao City Bypass Project will be implemented through six contract packages; of which five are currently under construction while the procurement for the final package is targeted in the third quarter of the year. — Ashley Erika O. Jose

CEDTyClea





    You May Also Like

    Finance

    Chancellor Rachel Reeves has pledged to review a controversial tax loophole that allows low-value goods from Chinese e-commerce giants such as Shein and Temu...

    Stock Markets

    1 of 2 THE popular drama anthology series Maalaala Mo Kaya, which has depicted true-to-life Filipino stories for over 30 decades on television, is...

    Stock Markets

    Las Piñas Rep. Camille A. Villar — BW FILE PHOTO THE Commission on Elections (Comelec) on Tuesday said it will issue a show cause...

    Stock Markets

    44°C heat index hits Tuguegarao City – BusinessWorld Online                                    ...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.