The Department of Public Works and Highways (DPWH) of the Philippines is seeking funding for the proposed Panglao-Tagbilaran City Offshore Bridge Connector (PTCOBC) Project from the Government of China. The PHP6.95 billion bridge project will connect Panglao Island and mainland Tagbilaran City in Bohol Province.

The agency has already secured approval for the project from the National Economic and Development Authority (NEDA) Board and has filed the required documents with the the Department of Finance (DOF) to secure the grant financing.

DPWH is also seeking the opportunity for additional financing from the Japan International Cooperation Agency (JICA) under the second phase of the Urgent Bridges Construction Project for Rural Development (UBCPRD).

The four-lane, 2.7 km Panglao-Tagbilaran bridge will include a cable-stayed design, reducing travel time from Tagbilaran City harbour to Panglao Island to 15 minutes from 45 minutes during peak hours, and serve as an alternative for the Jacinto Borja Bridge and Ambassador Suarez Bridge.

As of May 2022, civil works have resumed for the locally funded component of the bridge project that will cover the construction of 240 meters of offshore bridges, 42.7 metres of short-span bridges, and 1,398 metres of an approach road. Ongoing work is funded by the General Appropriations Act of 2018 and 2020 and will be implemented by DPWH UPMO Bridges Management Cluster.