PROVINCIAL Board Member Nathaniel O. Binlod voiced his disappointment over the uncertainty of funding, or the lack of it, for the 3rd Tagbilaran-Dauis bridge that is being started but stuck, for now.
“The risk of starting a project without firm financial commitments is not only irresponsible but also a disservice to the community,” Binlod said in his privilege speech during its regular session at the Capitol last week.
He was wondering how come that Panglao-Tagbilaran City Offshore Bridge Connector (PTCOBC), a large scale project could be started without a clear and secure funding, in the first place.
“The risk of embarking on a project without a firm financial commitment not only undermines the project’s integrity but also jeopardizes its successful completion. As this project is using public funds, we should exercise due transparency for a clear and secure funding plan in the first place,” he cautioned.
The funding source for the construction of the said infrastructure is still unclear. This is despite the fact that with substantial progress of the completed bridge approaches is funded by the Department of Public Works and Highways (DPWH).
He said that based on recent consultations conducted, the bridge completion relies on a grant from China, facilitated by the China International Development Cooperation Agency (CIDCA), for the project’s funding.
“While exploring international funding sources is commendable, the lack of clarity raises concerns about the project’s financial sustainability and completion.”
Binlod recognizes the importance of the bridge. “The PTCOBC project is a crucial component of the Central Visayas Regional Development Investment Program (RDIP). It aims to construct a 2.6-kilometer bridge as an alternative route to the existing Jacinto Borja Bridge and Ambassador Suarez Bridge. It promises to enhance connectivity, facilitate the movement of goods and people, and drive economic growth. However, despite these promising goals, the project’s progress is halted by uncertainties, particularly due to its funding constraints,” Binlod said.
The lawmaker from Carmen town urged his colleagues and request the DPWH and the national government to secure the necessary funding for its completion and to conduct necessary perusal into the funding status of the PTCOBC project.
The matter was referred to the Committee on Public Works, Highways that he chairs for consideration. (ricobedencio@yahoo.com)
