The Department of Public Works and Highways†is partnering with the Korea Expressway Corporation (KEC) "to promote a mutually beneficial relationship for economic development by sharing technologies and experiences of planning, building and managing the road network of both countries."
In a memorandum of understanding signed by DPWH secretary Rogelio Singson and KEC president Seok-Hyo Chang, both parties agreed to pursue areas of cooperation to include road planning, development and financing; road construction, maintenance and operation; installation and management of road-related facilities; intelligent transport system, road traffic management and road safety; development of cooperation in road business; and public-private partnership (PPP).
KEC is a state-owned corporation of South Korea that has expressed strong interest in investing in PPP expressway projects in the Philippines after Singson presented his agency's projects during the Korea Trade-Investment Promotion Agency forum earlier this year in Seoul. KEC has reportedly constructed and managed over 3,500km of expressways throughout South Korea and is supposedly acknowledged as one of the most experienced firms in road management globally.
Does this mean we'll finally see excellent roads in the Philippines?