President Ferdinand Marcos led the inauguration of Panguil Bay Bridge, which connects Misamis Occidental and Lanao del Norte.
The inauguration of the 3.2-kilometer bridge, the longest of its kind in Mindanao, was held Friday, with key government officials and representatives from South Korea in attendance.
The project, which costs over P8 billion, reduces a commute that once took more than two hours to just seven minutes, benefiting over 10,000 travelers daily.
“We waited for this for such a long time,” President Marcos said.
“If I had a peso for every time someone asked me, ‘When will we finish the Panguil Bay Bridge?’ I would already be able to fund a second bridge by now. But today, the waiting is over,” he added.
The President highlighted the economic impact of the bridge, stressing its role in accelerating growth and connecting the dreams of people in both provinces.
He also acknowledged the critical role of the Republic of Korea and the Korea Eximbank in funding the project, calling their support instrumental.
According to the president, 21 ongoing projects and two upcoming ventures under the Economic Development Cooperation Fund of Korea are underway.
The President also praised the Department of Public Works and Highways for its perseverance, especially during setbacks such as the COVID-19 pandemic, which caused delays.
