THE ASIAN Development Bank (ADB) approved a loan of up to $1.7 billion for the Laguna Lakeshore Road Network (LLRN) Project, which is expected to shorten travel time between Taguig City and Calamba, Laguna by 25%.
In a statement on Thursday, the multilateral lender said it approved the financing to support the construction of the “climate-resilient” 37.5-kilometer (km) expressway along the Philippines’ biggest lake.
“This investment further cements ADB’s commitment to help transform our host country’s transport infrastructure by facilitating climate- and disaster-resilient and sustainable development,” ADB Country Director for the Philippines Pavit Ramachandran said.
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