The P7.3 billion Panguil Bay Bridge is 97 percent complete and expected to be opened to traffic before the end of September this year, according to the Department of Public Works and Highways (DPWH).
The 3.17-kilometer bridge, the longest bridge in Mindanao, will connect Tangub City in Misamis Occidental and Tubod in Lanao del Norte, Northern Mindanao.
The current two-and-a-half-hour journey, which relies on roll-on/roll-off vessels, will be cut down to just seven minutes by land once the bridge is operational.
The completion of the cable-stayed suspension bridge it is expected to spur economic development and improve the quality of life for residents in both provinces.
“The DPWH is working tirelessly to ensure that the project is ready for public use. The opening of the bridge will mark a significant milestone in the government’s Build Better More infrastructure program, aimed at enhancing connectivity and driving economic growth under Bagong Pilipinas,” the DSWD said.
The project implemented by DPWH UPMO Roads Management Cluster II (Multilateral), with a total cost of P7.375 billion, is financed through a loan agreement between the Government of the Philippines and the Republic of Korea, facilitated by the Korea Export-Import Bank under the Economic Development Cooperation Fund (EDCF) Loan.
Editor’s Note: This is an updated article. Originally posted with the headline “Panguil bridge to open in September — DPWH”
