BIZ BUZZ: AG&P’s mega bridge, tollway project
A top executive from the Philippine unit of engineering firm Atlantic, Gulf & Pacific Co. (AG&P) said they are set to begin “soon” the feasibility study on ther mega infrastructure project that will connect Negros, Cebu, Bohol and Leyte through a network of bridges and tollways.
AG&P Industrial president Alex Gamboa told Biz Buzz in a recent interview that a detailed study will run for about a month and a year, with the construction works starting within 18 months after the start of the former.
“Our expectation is that this will run for close to 10 years, total. But phase one will be for a period of three to four years phase,” Gamboa said, referencing the $15-billion infrastructure project.
Last April, the AG&P announced that it had signed a memorandum of agreement with the Visayas Neceboley Interlink Holdings Corp. (to work on the project contract, which is under the National Economic and Development Authority.
The massive undertaking includes the development, operation and maintenance of a 238.05-kilometer state-of-the-art, all-weather bridges and expressways network to connect the four Philippine islands.
While a decade seems too long for the public to reap the full benefit from an infrastructure project, it is still good to hear that some parts of the bridges and tollways project may be usable as early as the tail end of this administration.
