The Department of Finance (DOF) said there is no such official development assistance worth P28 billion from South Korea for a bridge project.

The DOF issued the denial on Wednesday following reports from the South Korean Chosun Daily Tuesday that President Lee Jae-Myung ordered a halt to the project ''due to corruption concerns.''

“I have ordered an immediate halt to the procedures for the project,'' the Chosun Daily quoted Lee as saying.

The DOF said the P28 billion rural modular bridge project is being proposed for financing by France and not South Korea.

''The project was initially considered for funding through South Korea, but the Department of Agrarian Reform decided to halt previous discussions last year due to non-alignment on scope and other key technical specifications,'' the DOF said. DMS