The National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) has approved the construction of the P23.04-billion bridge that will connect Davao City and Samal Island.
According to NEDA, the ICC-CabCom gave its nod for the Samal Island-Davao City Connector (SIDC) during its meeting on November 6.
The SIDC Project will be financed through official development assistance (ODA).
It involves the construction of a toll-free 4-lane bridge with an approximate length of 2.8 kilometers that can serve around 25,000 vehicles a day, NEDA said.
“The connector project will provide a permanent road linkage between Davao City and the Island Garden City of Samal, which is expected to reduce travel time and address reliability constraints due to the current conditions of the ferry services in the region,” it added.
The ICC-CabCom also approved the Davao Public Transport Modernization Project (DPTMP).
The project aims to provide an attractive, efficient and affordable mode of transport in the Davao city.
DPTMP will cost P18.67 billion and is proposed to be financed through an ODA loan, NEDA said.