Key takeaways:
- The Philippines secured a $1.14 billion loan from AIIB to build the Bataan-Cavite Interlink Bridge (BCIB)
- This 32-kilometer bridge aims to connect Bataan and Cavite, potentially reducing travel time from 5 to 1.5 hours (70%)
- The project is expected to boost economic activity and tourism in the region
- BCIB is designed with sustainability in mind, featuring climate-resilient construction and eco-friendly elements
- The bridge is a key part of the Philippines’ infrastructure program and will be co-financed by ADB and the Philippine government
The Philippines secured a significant loan to build a bridge that could dramatically cut travel times between two provinces south of Manila by 70%.
The Asian Infrastructure Investment Bank (AIIB) approved a loan of up to $1.14 billion for the construction of the Bataan-Cavite Interlink Bridge (BCIB) project.
“The approval of the AIIB loan for the BCIB project signifies a significant step towards realizing our vision of fostering inclusive and sustainable growth within the Greater Manila Area,” said Rajat Misra, AIIB acting VP of investment operations (Region 1).
“By prioritizing climate-resilient infrastructure and leveraging technology, we aim to not only enhance connectivity but also contribute to the region’s economic development while mitigating and adapting to environmental impact.”
The 32.15-kilometer bridge is designed to connect the provinces of Bataan and Cavite. If completed, the bridge could slash travel times between Mariveles, Bataan and Naic, Cavite from five hours to just 1.5 hours. This has the potential to significantly boost economic activity and tourism in the region.
The project is envisioned to be one of the world’s longest maritime bridges. It will be divided into seven contract packages, with construction beginning on the two land sections first. The remaining sections will involve viaducts, navigational bridges, and channel bridges.
BCIB is estimated to cost $3.91 billion. The Philippine government will contribute $664.23 million to the project, with the Asian Development Bank (ADB) having already committed to finance $2.11 billion. The ADB will collaborate with AIIB to co-finance the project, which is a key priority under the current administration’s flagship infrastructure program.
The project is expected to not only improve travel times but also promote sustainable development. The bridge will be built to adapt to natural hazards and will incorporate green building practices. Additionally, it will feature energy-efficient street lights and a climate-resilient bridge alert system.Ⓒ
Business Bayani PH 
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