A monumental infrastructure project is set to transform the connectivity landscape of the Visayas region in the Philippines. AG&P Industrial and the Visayas Neceboley Interlink Holdings Corp. (VNHIC) have signed a memorandum of understanding (MOU) for a $15-billion mega infrastructure project. This project, known as Project NECEBOLEY, aims to connect the four major islands in the Visayas — Negros, Cebu, Bohol, and Leyte — through state-of-the-art bridges and expressways.
The Vision
The vision of Project NECEBOLEY is to build a 238.05 km network of bridges and expressways, linking the major islands of the Visayas region. The project is expected to have a significant impact on the Filipino people, directly affecting 22 million Filipinos in the Visayas region. It is also anticipated to have an indirect impact on other industries and the business sector.
The Partnership
The partnership between AG&P Industrial and VNHIC is a significant milestone for this project. AG&P Industrial, a subsidiary of the AG&P Group, is a leading engineering, procurement, fabrication, construction, installation, and commissioning (EPFCIC) company. With decades of experience in infrastructure development, AG&P Industrial will serve as the technical partner and EPC contractor for Project NECEBOLEY, contributing expertise and resources to ensure successful implementation.
The Impact
The project is expected to boost not only the economy of the provinces but also contribute to the country’s GDP. It is estimated to be the biggest project of AG&P in its 125-year history. The project will be backed up by a private consortium of global partners that will finance, design, construct, and maintain the bridges, road and mass transit network.
The Future
Project NECEBOLEY represents a significant step forward in the infrastructure development of the Philippines. By connecting the major islands of the Visayas region, it will facilitate easier and faster transportation, boost local economies, and contribute to the overall development of the region.
In conclusion, the $15 billion bridge expressway network is a testament to the power of collaboration and innovation. It is a project that holds the promise of transforming the Visayas region and bringing unprecedented benefits to its people.