According to a Facebook post by Mindanao Economic Boom, the Philippines’ largest waterway project, Panguil-Pagadian Waterway, is soon to serve as the Suez Canal of Mindanao.
This was confirmed with the Philippine Ports Authority or PPA’s recently finished bidding for the feasibility study of the said waterway.
The project is enlisted under Private-Public Partnership, and it is expected to shorten travel time of ships heading to the southern coast of Mindanao while decreasing the price of transported goods due to the saved time and fuel.
Below is a photo of the Notice of Award for the winning company who will receive over 37 million pesos which will be used for the feasibility study of the said project:
Source: Mindanao Economic Boom
Note: Waterway photos for REPRESENTATION ONLY.