5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Tunnel segment of Davao City bypass nearing completion

by
April 13, 2025
in Stock
0
Tunnel segment of Davao City bypass nearing completion

Tunnel segment of Davao City bypass nearing completion – BusinessWorld Online


      
      
      
      
      








DPWH

THE Department of Public Works and Highways (DPWH) said it is close to completing the 2.3-kilometer twin tube tunnel segment of the Davao City Bypass project.

In a statement on Sunday, the DPWH said the project was at 91% completion after the north and south ends of the northbound tunnel were connected.

The 2.3-kilometer road is part of the Contract Package (CP) I-1 which has an estimated cost of P13.3 billion, according to the DPWH website. It is targeted for completion this year.

The Davao City Bypass is expected to help decongest Davao City roads by offering an alternative route. The project runs through the mountains and connects Davao City via the tunnel and Panabo City via Davao del Norte.

“The construction breakthrough of the northbound tunnel, along with the ongoing excavation works for the remaining 202 meters of the southbound tunnel… marks significant progress in this strategic infrastructure project,” DPWH said. 

The 45.6-kilometer bypass road in Davao region has an overall cost of P70.82 billion. It is being financed through a combination of loan agreement with the Japan International Cooperation Agency (JICA) and government funds.

Meanwhile, CP II-1 and CP II-2 are now 72.83% and 63.89% finished, respectively.

CP II-1, valued at a P4.33 billion, is expected to be completed by the first quarter of 2026. This segment features a four-lane road and has seven bridges; while CP II-2, which is scheduled for completion in the third quarter of next year, is a 3.52-kilometer road section valued at P4.60 billion.

The DPWH said it is set to start procurement activities for the remaining contract packages of the project. — Ashley Erika O. Jose

CEDTyClea

RELATED ARTICLESMORE FROM AUTHOR




MORE STORIES


Previous Post

Driving business growth through strategic transformation

Next Post

French businesses exploring expanded Philippine footprint ahead of EU-PHL free trade deal

Next Post
French businesses exploring expanded Philippine footprint ahead of EU-PHL free trade deal

French businesses exploring expanded Philippine footprint ahead of EU-PHL free trade deal

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    My Expert Midwife raises £1.6m to fuel next stage of growth and retail expansion

    My Expert Midwife raises £1.6m to fuel next stage of growth and retail expansion

    July 15, 2025
    Fear of return-to-office mandates harming employee wellbeing, survey finds

    Fear of return-to-office mandates harming employee wellbeing, survey finds

    July 15, 2025
    New EV discount scheme offers up to £3,750 off electric cars under £37,000

    New EV discount scheme offers up to £3,750 off electric cars under £37,000

    July 15, 2025
    Trump’s tariff threat would ‘cripple’ transatlantic trade, says EU negotiator as Brussels readies €72bn retaliation

    Trump’s tariff threat would ‘cripple’ transatlantic trade, says EU negotiator as Brussels readies €72bn retaliation

    July 15, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.