AIIB approves P64-B loan for Bataan-Cavite bridge

The Asian Infrastructure Investment Bank (AIIB) is extending up to P64 billion in loans to fund the construction of the Bataan-Cavite Interlink Bridge (BCIB) project and enhance connectivity in the Greater Manila Area.

- LOUELLA DESIDERIO

In a statement, AIIB said it has approved the financing for the BCIB, which is one of the priority projects under the government’s infrastructure flagship program.

“The approval of the AIIB loan for the BCIB project signifies a significant step toward realizing our vision of fostering inclusive and sustainable growth within the Greater Manila Area,” AIIB acting vice president for investment operations (Region 1) Rajat Misra said.