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  DBP funds landmark road project to eastern seaboard towns
August 11, 2017

Isabela’s Provincial Government reported recently that construction of the DBP-funded 82-kilometer road project that will link the country’s eastern seaboard towns in Isabela province to mainland Luzon is 50 per cent completed as of June 2017.

DBP President and Chief Executive Officer Cecilia C. Borromeo said the Bank is assisting the provincial government of Isabela in this landmark initiative that connects the towns of Palanan, Divilacan, Maconacon and Dinapigue to neighbouring municipalities. The project was financed with a total cost of P2.28-billion with DBP lending P1.6-billion.

Once completed, the Ilagan-Divilacan road is expected to spur economic development in the area as farmers and traders will be able to transport their goods to and from the markets. It will also enable residents to avail of basic social services from the provincial government.

There is currently no existing road that links the four towns of Isabela to the rest of Luzon. Only planes and boats are the available modes of transportation from Cagayan’s northernmost town of Santa Ana, making it more difficult to reach the coastal towns especially in times of calamities.

The project has gained significance since the said towns are the closest to the potentially resource-rich Philippine Rise through which the prospective resources can be transported.




 
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