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Panguil Bay bridge loan agreement elates Lanao del Norte leaders

Construction on the long awaited Panguil Bay bridge project will finally start soon with the recent signing of the $100.13-million loan agreement between the Philippine government and the Export-Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF).

Construction on the long awaited Panguil Bay bridge project will finally start soon with the recent signing of the $100.13-million loan agreement between the Philippine government and the Export-Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF).

Tubod, Lanao del Norte – Leaders of this fast-rising province were elated upon hearing of the recent signing ceremony between the Philippine government and the Export-Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF).

 
The simple MOA signing held at the Bureau of the Treasury, Intramuros, Manila on April 28 was for the $100.13-million loan that will fund the construction of the 4.19-kilometer Panguil Bay bridge. The mega-infrastructure project will soon connect the city of Tangub in Misamis Occidental and the capital town of Tubod this province.
 
“We are very happy of this latest development. Finally, we will see the realization of this long-awaited bridge that will not only bring about more development in this part of Mindanao but will also strengthen the ties and partnerships between the coastal towns and cities surrounding Panguil Bay”, said 1st District Congresswoman Imelda Dimaporo.
 
DPWH is the implementing agency for this mega-project which is expected to be finished by the year 2018.
 
In an interview with Congresswoman Dimaporo, the bridge was the brainchild of her father, former Governor Arsenio Quibranza and former-Tangub mayor Alfonso Tan. However, it was her husband 2nd District Congressman Abdullah Dimaporo who spearheaded the initial stages of the project when he tapped the Mindanao Development Authority (MINDA) for a feasibility study. Congressman Dimaporo also requested DPWH to give the project its full support.
 
For her part, Congresswoman Dimaporo also recommended the bridge project during several meetings at the head office of National Economic Development Authority (NEDA).
 
Last 2009 during her State-of-the-Nation address, former-President Gloria Macapagal-Arroyo mentioned the Panguil Bay bridge project as one of her priority projects, but the project was sidelined since the provincial leadership was with the opposition then.
 
When Congresswoman Dimaporo was re-elected as Representative of the 1st congressional district of Lanao del Norte, she and Representative Henry Oaminal of Misamis Occidental 2nd District worked hard for the project’s inclusion in the national budget. 
 
On September 2015 when Transportation Secretary Joseph Abaya visited Lanao del Norte, he saw the need for the bridge project and with the insistence of Congresswoman Dimaporo, President Benigno Aquino III finally made the Panguil Bay bridge as one of his flagship projects.
 
The project also got final approval by the NEDA Board during the term of Governor Khalid Dimaporo as Chairman of the Regional Development Council (RDC) Region 10.
 
“We are truly thankful to President Noynoy Aquino for making our dream for a Panguil Bay bridge come true”, expressed Congresswoman Imelda Quibranza-Dimaporo.
 
In the MOA signing ceremony, the Philippine Government was represented by National Treasurer Roberto Tan while Chief Representative Yongkeun Oh signed for the KEXIM-EDCF.
 
The Panguil Bay bridge will be the first bridge infrastructure project of KEXIM-EDCF here in the country.  The bridge is expected to spur faster economic growth as well as improve local tourism in the northern and western part of Mindanao island.  VNL/PIO-LDN

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