The Panguil Bay Bridge project was greenlighted back in 2017, after nearly three years the joint venture group of Yooshin Engineering Corporation, Pyunhwa Engineering Consultants, and Kyong-Ho Engineering & Architects, along with the DPWH are all set to begin the design and construction of the mega bridge project.
This comes after the Korean joint-venture expressed their readiness to officially start the activities with the mobilization of personnel and equipment starting today, February 28. Representing the joint venture contractor Namkwang-Kukdong-Gumgwang was CEO & president Geun Young Kim who attended a kick-off meeting held at the DPWH Central Office with DPWH Secretary Mark Villar.
In a statement, Villar said that this flagship infrastructure project is a realization of the President's promise to make Filipinos even more connected via a mega bridge that will allow inter-island travel in Northern Mindanao. The project will be under the supervision of the DPWH Unified Project Management Office – Roads Management Cluster 2, which is currently being led by DPWH Undersecretary Emil K. Sadain.
The PhP 6.4 billion, Korean-funded Panguil Bay Bridge project will see the construction of a 3.77-kilometer two-lane bridge which will connect Tangub City, Misamis Occidental with Tubod, Lanao Del Norte. Once completed, the Panguil Bay Bridge project will significantly cut travel time between Tangub City and Tubob from two and a half hours to just 10 minutes.
The capital that will be used to construct the mega bridge will come from the loan agreement with the Korean Economic Development Cooperation Fund (KEDCF).