ADB Approves P500 Million for Luzon-Visayas Bridge Feasibility Study
What happened
The Asian Development Bank has approved P500 million to fund a feasibility study for the Sorsogon-Samar Transport Crossing (SSTC) project. The proposal involves building a 20-kilometer bridge over the San Bernardino Strait, connecting Luzon via Matnog in Sorsogon to Allen in northern Samar in the Visayas. The study aims to evaluate the viability of this permanent road link between the two island groups.
From philstar.com
Why it matters
The project is intended to provide a permanent road connection between Luzon and the Visayas. If realized, the bridge could reduce travel time between Matnog and Allen to approximately 20 minutes, compared to the current average of two and a half hours via the existing roll-on/roll-off ferry system.
From philstar.com
Who's involved
- LuzonThe primary island region where the proposed bridge originates.
- Asian Development BankThe financial institution providing the feasibility study funding.
How this reaches others
Each traced step by step, with the reporting behind itKeep exploring
The entities involved
-
Luzon
largest island of the Philippines
-
Asian Development Bank
regional development bank
- The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.
- The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.
Related events
- Regional bodies, including the Monetary Authority of Singapore and the Asian Development Bank, are discussing the infrastructure funding needs and annual investment requirements for Southeast Asia.
- The Asian Development Bank is deploying financing to help the Philippines cope with the impacts of the ongoing war in the Middle East.