During the NEDA Board meeting yesterday Panguil Bay Bridge Project was among the six project that were approved. “Most of these projects aim to have a more reliable and efficient transport infrastructure system. These are consistent with the government’s thrust to increase investment in connective infrastructure,” Economic Planning Secretary Arsenio M. Balisacan said.
Panguil Bay Bridge Project will be implemented by Department of Public Works and Highways. The project involves the construction of bridge across Panguil Bay connecting the City of Tangub in Misamis Occidental and the Municipality of Tubod in Lanao del Norte. The project is one of the high priority development projects in Mindanao, NEDA said.
Panguil Bay Bridge is a 3.6 kilometer two-lane bridge and will cost PhP5.09 billion to be fully financed by the government. This project will be implemented this year and expected to be completed until 2018.
Once completed, it will provide uninterrupted access from Cagayan de Oro and Iligan Cities to Tangub, Oroquieta and Ozamiz Cities and the rest of Zamboanga Peninsula.