22 September 2012, Manila Standard Today
The Department of Public Works and Highways has entered into a memorandum of understanding with Korea Expressway Corporation for knowledge and experience exchange programs which aims to promote mutually beneficial relationship for the economic development by sharing technologies and experiences of planning, building and managing road network of both countries.
In the signed MOU by DPWH Secretary Rogelio L. 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.
Korea Expressway, a state-owned corporation of Republic of Korea, has been expressing strong intention of investment in PPP expressway projects in the Philippines. It has constructed and managed 3,500 km of expressways throughout South Korea and acknowledged as one of the most experienced firms in road management all over the world.
