LOOK Singing of Cebu Bridge and Davao highway Japanese loan
Finance Secretary Carlos Dominguez III,  on behalf of the Philippine Government, and Japan International Cooperation Agency (JICA) Chief Representative Eigo Azukizawa, on behalf of the Government of Japan, signed the agreements for the P57 billion (JPY119 billion) loan to support the construction of the Cebu-Mactan Fourth Bridge and the Coastal Road Construction project in the Visayas and the supplemental financing of P18.5 billion (JPY35 billion) for the Davao City Bypass Construction Project on Tuesday (June 16) at the Department of Finance (DOF) Building in Roxas Blvd. Manila. 
 
Secretary Dominguez underscored the importance of the signing of the two loan agreements for the bridge and bypass road projects as investments in infrastructure provide the highest multiplier effects to power the rapid recovery of the economy in the near term. Both projects are expected to revitalize the economy and create more jobs in the Visayas and Mindanao as the country firms up its recovery from the COVID-19 pandemic.