On the afternoon of January 4, 2023, President Xi Jinping held talks with Philippine President Marcos, who was on a state visit to China, at the Great Hall of the People. After the talks, under the joint witness of the two heads of state, the loan agreement for the Manila North-South Port Bridge Project in the Philippines, which was provided by the Export-Import Bank of China and undertaken by CRBC, was successfully signed, marking that the project is about to enter the substantive implementation stage.

Before the talks, Xi Jinping held a welcoming ceremony for Marcos in the North Hall of the Great Hall of the People

The Chinese government and the Philippine government renewed the "Memorandum of Understanding between the Government of the People's Republic of China and the Government of the Republic of the Philippines on Belt and Road Initiative Cooperation." The two sides will continue to transform economic complementary advantages and cultural exchange advantages into pragmatic cooperation advantages through the joint construction of the Belt and Road Initiative, and integrate and promote each other in their respective modernization processes to jointly achieve sustainable development and prosperity. The two sides agreed to expand practical cooperation. In particular, it is necessary to deepen the connection between China's Belt and Road Initiative and the Philippines' multi-building plan, expand and strengthen cooperation in the four key areas of agriculture, infrastructure, energy, and humanities, so as to help the respective modernization of the two countries and bring more benefits to the two peoples. What a blessing. The two sides renewed the Memorandum of Understanding on Jointly Building the Belt and Road Initiative, and signed more than 10 cooperation documents covering agriculture, infrastructure, e-commerce, financing, customs, and tourism.

Manila North-South Harbor Bridge

According to reports, as one of the important achievements of the country's first home-field diplomatic event in 2023, the signing of the loan agreement for the North-South Port Bridge project in Manila will further promote friendly cooperation between China and the Philippines, mutual benefit and win-win results. An important embodiment of the multi-building plan. Following the excellent completion of the two bridge projects aided by China in Manila, the North-South Port Bridge Project will be the third bridge built by the company on the Pasig River in Manila.

The Manila North-South Port Bridge project is located at the mouth of the Pasig River in Manila. The project content is to build a double-tower cable-stayed bridge with a total length of about 2026.4 meters (including the approach bridges on both sides). The design + construction mode is adopted, and the construction period is 42 months. . As a key urban transportation project in Manila, the project will effectively alleviate traffic congestion in the Metro Manila port area, improve road traffic efficiency, and boost the economic development of the Manila port area after completion. Editor/He Yuting