The Asian Development Bank approved a $1.7 billion loan for a vital expressway in the Philippines.

The Asian Development Bank (ADB) has approved a $1.7 billion financing package for the Laguna Lakeshore Road Network Project in the Philippines. This 37.5 km climate-resilient expressway aims to enhance regional connectivity and reduce peak travel time between Taguig City and Calamba City by 25%. The project will benefit approximately 3.47 million residents and includes the construction of bridges and viaducts to improve transportation across waterways.

November 07, 2024
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