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PH seeks China loan for Central Luzon road

Association of Philippines-China Understanding (APCU) chairman Raul Lambino sought the assistance of the China-headquartered ASEAN Infrastructure Investment Bank (AIIB) to support the planned Pangasinan-Nueva Ecija Expressway.

“I hope (AIIB) President Jin Liqun can help us construct the first Pangainan-Nueva Ecija expressway,” he said during the First Manila Forum organized by APCU.

The AIIB is a multilateral development bank that serves and provides credit to members in Asia and Oceania. The bank has has 103 members and 21 prospective ones from around the world.

Lambino said the project is now with the National Economic and Development Authority and the Department of Public Works and Highways for assessment.

The Pangasinan-Nueva Ecija Expressway is a proposed 180-kilometer road stretching from the town of Bolinao, Pangasinan to the city of San Jose in Nueva Ecija.

Lambino noted that the Asian Development Bank had taken in interest on the project based from a recent comment from NEDA acting director-general Karl Kendrick Chua.

Topics: Association of Philippines-China Understanding , APCU chairman Raul Lambino , China , ASEAN Infrastructure Investment Bank , AIIB , Pangasinan-Nueva Ecija Expressway
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