It connects Tangub in Misamis Occidental and Tubod in Lanao del Norte.

[6] The National Economic and Development Authority (NEDA) Board approved the Panguil Bay Bridge Project in 2015, with the Department of Public Works and Highways designated as the implementing agency.

[7] A loan agreement between the Bureau of Treasury and the Export–Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF) was signed on April 28, 2016,[8] More than two years later, the groundbreaking ceremony for the bridge was held on November 27, 2018.

[10] As of May 2024[update], the project was 90% complete,[11] with Imelda Dimaporo, governor of Lanao del Norte, announcing that the bridge would be opened to traffic by August.

[13] The bridge was party funded under the Korean Economic Development Cooperation Agreement.