Final concrete pouring of Panguil Bay Bridge marks major milestone towards completion, says Governor Oaminal

 


OROQUIETA CITY, Misamis Occidental—Governor Henry S. Oaminal recently shared exciting updates regarding the Panguil Bay Bridge project during an interview. He extended his gratitude to the Department of Public Works and Highways (DPWH) and Secretary Manuel M. Bonoan for officiating the last pouring activity, marking a significant milestone towards the bridge's completion, on July 4.

Reflecting on the bridge's history, Governor Oaminal noted that the dream of the Panguil Bay Bridge has been long-standing, cherished by generations of leaders and residents from both Misamis Occidental and Lanao Del Norte. It was in 2013, during his tenure as Representative of the 2nd District of Misamis Occidental, that he revisited the feasibility study for the bridge's construction. Despite previous bidding attempts under the Build-Operate-Transfer (BOT) scheme, financial viability concerns hindered progress.

"During the presidency of Gloria Macapagal Arroyo, the bridge was conceptualized and even bid out three times, but there were no takers due to the financial projections. The feasibility study indicated that the toll fee needed to be P800 for the first five years, making it unaffordable compared to the existing barge fee of P180," Oaminal explained.

In collaboration with now Governor Angging Dimaporo of Lanao Del Norte, Oaminal successfully revisited and approved the feasibility study through the NEDA Board. Initially planned under the General Appropriations Act (GAA), the project faced funding challenges due to the requirement of foreign technology and contractors. Consequently, the funding source was shifted to Official Development Assistance (ODA) from the Korean Export-Import Bank (Korea EximBank).

Expressing his gratitude, Governor Oaminal acknowledged Secretary Bonoan's political will and the leadership of President Bongbong Marcos in pushing the project to its final stages. The bridge is expected to be operational by August, with plans for President Bongbong Marcos to attend the inauguration.

"Ang atong mga katawhan maoy malipayon kay mahatagan na og katumanan ang dugay nang gipangandoy (Our people are happy because their long-held dream is finally being realized)," Oaminal shared.

The Panguil Bay Bridge will significantly enhance connectivity, linking Misamis Occidental to all regions in Mindanao, thereby boosting economic growth and improving the lives of local residents. (SN/PGMO)


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