PH eyes Chinese aid to build Luzon, Visayas, Mindanao bridges | ABS-CBN
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PH eyes Chinese aid to build Luzon, Visayas, Mindanao bridges
PH eyes Chinese aid to build Luzon, Visayas, Mindanao bridges
ABS-CBN News
Published Dec 13, 2017 11:28 AM PHT
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Updated Dec 13, 2017 12:25 PM PHT

MANILA - The Philippine government is eyeing help from China in building bridges and a railway system that will connect the country's three main islands.
MANILA - The Philippine government is eyeing help from China in building bridges and a railway system that will connect the country's three main islands.
Speaking to radio DZMM, Speaker Panteleon Alvarez said he already discussed possible fund sources with Chinese Premiere Li Keqiang in a bilateral talk during the recent ASEAN Summit.
Speaking to radio DZMM, Speaker Panteleon Alvarez said he already discussed possible fund sources with Chinese Premiere Li Keqiang in a bilateral talk during the recent ASEAN Summit.
"The longest bridge sa mundo ay ginawa ng China -- that is connecting Macau and Hong Kong, that is about 55 kilometers at nagawa nila 'yan in 4 years," he said Wednesday.
"The longest bridge sa mundo ay ginawa ng China -- that is connecting Macau and Hong Kong, that is about 55 kilometers at nagawa nila 'yan in 4 years," he said Wednesday.
The lawmaker said he has proposed that the administration build two bridges: one connecting Matnog, Bicol and Allen, Samar; and another connecting San Ricardo, Southern Leyte and Surigao City.
The lawmaker said he has proposed that the administration build two bridges: one connecting Matnog, Bicol and Allen, Samar; and another connecting San Ricardo, Southern Leyte and Surigao City.
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Alvarez said the railway could be put alongside or in between the two lanes of these two bridges. The bridges are expected to boost inter-island trade, he said.
Alvarez said the railway could be put alongside or in between the two lanes of these two bridges. The bridges are expected to boost inter-island trade, he said.
Funds, he said, could be sourced from loans, especially now that the Philippine government has been offered loans with very low interest rates as a result of its foreign policy.
Funds, he said, could be sourced from loans, especially now that the Philippine government has been offered loans with very low interest rates as a result of its foreign policy.
"Dahil maganda yung nagiging foreign policy ng Pangulo, nabibigyan tayo ng napakababang interest rate. Halimbawa sa Japan, 0.01% po ang interest ng long-term loan," he said.
"Dahil maganda yung nagiging foreign policy ng Pangulo, nabibigyan tayo ng napakababang interest rate. Halimbawa sa Japan, 0.01% po ang interest ng long-term loan," he said.
"Ang China naman, medyo humahabol din. Gumagawa sila ng mas magandang package.... 'Yun ay pinag-uusapan na ngayon between China and mga representatives ng ating bansa," he added.
"Ang China naman, medyo humahabol din. Gumagawa sila ng mas magandang package.... 'Yun ay pinag-uusapan na ngayon between China and mga representatives ng ating bansa," he added.
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