DPWH optimistic coastal road project to push through
TACLOBAN CITY – Optimism was raised on the loan approval of South Korea’s Economic Development Cooperation Fund (EDCF) to finance the Samar Pacific Coastal Road linking towns of Eastern Samar and Northern Samar.
Department of Public Works and Highways (DPWH) Regional Director Rolando Asis said that the project will be pushed through but it will be realized after two years at the earliest.
“Based on feedbacks from Undersecretary Rafael Yabut and our project management office in Manila, financing for the road construction from Korea is 95% sure,” Asis told reporters.
The official made the statement following the visit of EDCF team last September to check the feasibility of the said project.
EDCF is a Korean official development assistance program run by Seoul-based Korea Export-Import Bank, which operates as an official export credit agency that provides export credit and guarantee programs to support Korean enterprises in conducting overseas business.
“There’s really a need to realize the project. This will significantly reduce the poverty incidence in Eastern Samar and Northern Samar,” he added.
The project known as circumferential road, has an approximate length of 130.45 kilometers. It starts at the junction bridge site of proposed Simora Bridge II in Laoang, Northern Samar, moves in northeast direction until it reaches a junction in Palapag, Northern Samar.
The road then moves to southern direction passing through five municipalities – Mapanas, Gamay, Lapinig in Northern Samar; Arteche and San Policarpo in Eastern Samar.
The DPWH earlier announced that nearly P1 billion has been released for the upgrading of this circumferential road that links the provinces of Eastern Samar and Northern Samar. P370 million was released recently on top of the P570 million disbursed earlier this year.
“The project has been implemented through local funds but it’s not enough to make the road condition convenient for motorists,” Asis added.
The proposed loan will be used to build four major bridges in the area located in towns close to the provincial boundaries.
The entire project, estimated to cost a total of P3.2 billion, involves concrete paving and widening of gravel roads as well as construction of flood control structures and rehabilitation or replacement of 20 bridges. (Sarwell Q. Meniano)
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