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Construction of 3 ADB-funded bridges to begin in first half of 2022: Dominguez

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="A worker stands on a scaffolding of a building construction site in Manila on May 19, 2021. Basilio H. Sepe, ABS-CBN News/File" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/news/05/19/20210519-economy-construction-bhs-7.jpg"/><figcaption>A worker stands on a scaffolding of a building construction site in Manila on May 19, 2021. Basilio H. Sepe, ABS-CBN News/File</figcaption></figure></div><p>MANILA - The construction of 3 bridges funded by the Asian Development Bank worth $175.1 million would begin in the first half of the year, Finance Secretary Carlos Dominguez said on Wednesday.</p><p>The Marcos Highway-Saint Mary Avenue Bridge, Homeowever&#x27;s Drive-A Bonifacio Bridge, and the Kabayani Street-Matandang Balara Bridge are due for completion in 2026, the Department of Finance said in a statement.</p><p>The 3 bridges span over 3,000 meters across the Marikina River, the DOF said.</p><p>“These bridges are crucial components of the Build, Build, Build program that will help our economy bounce back from the adverse effects of the pandemic,” Secretary Dominguez said. </p><p>Among the key design feature of the 3 climate-resilient bridges is their ability to absorb strong earthquake shocks and reduce flood risks, the DOF said. </p><p>Dominguez and ADB Managing Director General Woochong Um exchanged copies of the loan documents in Manila on March 30. </p><p>Um called the project a &quot;milestone&quot; for the BBB program. <br/> <br/>&quot;We must continue investments in infrastructure now, which is essential for securing strong economic development in 2022, and this comes from a very strong (Philippine) rebound of 5.6 percent economic growth last year,&quot; Um said.</p><p>The DOF said the Manila-based lender has also supported the Build, Build, Build program through financing assistance totaling $2.3 billion. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/20/18/build-build-build-gets-300-m-boost-from-adb">&#x27;Build, Build, Build&#x27; gets $300-M boost from ADB</a></li>	<li><a href="https://news.abs-cbn.com/business/05/02/18/build-build-build-can-help-reduce-poverty-adb">&#x27;Build, Build, Build&#x27; can help reduce poverty: ADB</a></li>	<li><a href="https://news.abs-cbn.com/business/12/15/21/adb-oks-175m-loan-for-3-build-build-build-bridges">ADB approves $175 million loan for 3 &#x27;Build, Build, Build&#x27; bridges over Marikina River</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/L4r9Jp6L7JI?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

The construction of 3 bridges funded by the Asian Development Bank worth $175.1 million would begin in the first half, Finance Secretary Carlos Dominguez said.