South Korea Extends USD 56.6 Million Loan for the PGN Island Bridges Project

June 2022

The Korean Government has extended USD 56.6 million in loans to the Philippines government for engineering services needed for the 32-kilometer Panay-Guimaras-Negros (PGN) Island Bridges Project.

This loan will support the swift implementation of the much-anticipated mega bridge project to link the provinces of Iloilo, Guimaras and Negros Occidental, which will spur many development opportunities in these provinces. In particular, the loan will finance engineering services that are required prior to the construction of the bridges. This includes preliminary design covering a review of the feasibility study and preliminary and basic design; detailed engineering design including estimation of detailed construction cost; and procurement assistance. The Government of the Philippines said that the construction was slated to start by 2025.

(Sources: Department of Public Works and Highways;

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 distributors, resellers, and system integrators, built through advising and guiding more than 5,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 25 years.