PRESIDENT Gloria Macapagal Arroyo conveyed her thanks to the Japanese government for providing funds for the Cebu South Coastal Road Project (CSCRP).
The project is now providing seamless travel and opening more economic opportunities in Metro Cebu and the northern and southern parts of Cebu province.
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The President conveyed the message through Japanese Ambassador Makoto Katsura after she led the inaugural drive-through and unveiling of the P1.625-billion project marker along Sergio Osmena Boulevard in Cebu City.
The 1.23-kilometer long tunnel, the remaining unfinished portion of the CSCRP, was financed by a soft loan from the Japan Bank for International Cooperation (JBIC).
"We thank Japan for lending the Philippine government the funds to be able to finance this project to benefit the people of Cebu and even the other parts of Cebu Island," the President said.
For his part, Ambassador Katsura said the completion of the project reaffirms Japan's commitment to assist the Philippines as he expressed appreciation for the President's unwavering stance in promoting Philippine-Japan relations and partnerships.
In behalf of Cebu City, acting mayor and mayor-elect Michael Rama thanked the President for their first tunnel project which is now opening more economic opportunities in Cebu while helping solve the its traffic problems.
The President praised Cebu City for conceptualizing the project which she said has enhanced the citys standing as one of the best performing cities recognized by the World Bank during the World Exposition in Shanghai.
He also noted the project construction workers including foreman Rico Pocolan, who thanked the President for landing a job at the CSCRP which helped him send his two children to college.(MSN/Sunnex)