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China-backed Asian Infrastructure Investment Bank has approved its $350-million counterpart loan for the first tranche financing of the $3.91-billion Bataan-Cavite Interlink Bridge project.A project status update posted on AIIB 's website showed that the multilateral lender approved the $350-million funding for the bridge project on May 15, 2024.
5 hours, but would also promote greater ease in doing business by unlocking the potential of Bataan and Cavite in facilitating trade and serving as viable tourist destinations."The approval of the AIIB loan for the Bataan-Cavite Interlink Bridge project signifies a significant step towards realizing our vision of fostering inclusive and sustainable growth within the Greater Manila Area," said Rajat Misra, AIIB acting vice president for Investment Operations.
Bataan-Cavite Interlink Bridge
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