ADB eyes $4-B for PH infra, climate adaptation this year

ABS-CBN News

MANILA - The Asian Development Bank is eyeing to lend around $4 billion to the Philippines this year to help the country further develop its infrastructure and enhance climate adaptation. As the ADB opened its 56th Annual Meeting in Incheon, South Korea on Tuesday, Kelly Bird, the Bank’s Philippine Country Director spoke to ANC and said that among the major infrastructure projects they are looking to finance this year are the Bataan-Cavite Bridge, and the Davao Public Transport Modernization Project. Within the next 2-3 years, ADB is also looking to fund the <a href="https://news.abs-cbn.com/nation/regions/03/23/16/inter-agency-panel-created-for-laguna-lakeshore-expressway-dike-project">Laguna Lakeshore Expressway</a> and the <a href="https://news.abs-cbn.com/business/01/29/20/neda-board-approves-mrt-4-project">MRT-4</a>. Bird noted that since 2019, ADB has been lending the Philippines around $3 billion a year, 60 percent of which goes to infra. “I think we’re focusing on infrastructure because it’s critically important for long-term competitiveness and it’s also critically important for helping to shift economic development and population further north outside Metro Manila,” Bird said. The ADB and Japan have consistently topped the list of foreign donors to the Philippines’ infrastructure projects. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/03/14/23/construction-of-cavite-bataan-bridge-set-for-late-2023-dpwh">Construction of Cavite-Bataan bridge set for late 2023: DPWH</a></li></ul>

The Asian Development Bank is eyeing to lend around $4 billion to the Philippines this year to help the country further develop its infrastructure and enhance climate adaptation. 

ADB eyes $4-B for PH infra, climate adaptation this year | ABS-CBN

Halalan 2025

Entertainment

News

Metro.Style

Sports

More

Traffic

Horoscope

Business

ADB eyes $4-B for PH infra, climate adaptation this year

ADB eyes $4-B for PH infra, climate adaptation this year

ABS-CBN News

Published May 02, 2023 02:13 PM PHT

Read More:

Asian Development Bank

Philippines

Infrastructure development

Climate adaptation

Bataan-Cavite Bridge

Davao Public Transport Modernization Project

Annual Meeting

Kelly Bird

Laguna Lakeshore Expressway

MRT-4.

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.