Monday, November 5, 2012

Mindanao projects get soft loans from KSA

From the Saudi Gazette (Nov 5): Mindanao projects get soft loans from KSA

Mindanao will get an additional P1.96 billion in projects to be funded by soft loans from the Saudi Arabian government, according to the Philippine Department of Public Works and Highways. In a report titled “Saudi Fund for Development-assisted Mindanao Roads Improvement Project,” the DPWH also disclosed that the contracts for the projects were “under process for approval.” The road projects, which are scheduled to be completed in May 2014, include the following: the Cotabato City East Diversion Road, which is estimated to cost P709.03 million; Lake Lanao Circumferential Road from Marawi City to Bayang, P421.6 million; Lake Lanao Circumferential Road from Bayang to Ganassi, P420.3 million; Basilan Circumferential Road from Isabela to Tumahubong, P414.9 million; and the Basilan Circumferential Road from Isabela to Sumisip, P415.2 million....

http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20121105141750

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