Skip to main content

World Bank Orders PNoy to Pay Nearly P1 Billion for the Belgian's Laguna Lake Flood Control Project

Former President Benigno S. Aquino is under once again after the World Bank's International Center for the Settlement of Investment Disputes (ICSID) ruled on January 23 that PNoy's unilateral cancellation of the 2011 Belgian firm's P18-billion flood-control venture, the Laguna Lake Rehabilitation Project, was illegal and unfair.


The news was never reported on various news media outlets in the country but veteran journalist Rigorberto Tiglao exposed the recent case filed against the former President and wrote an article about it on The Manila Times.

According to Tiglao, the World Bank ordered the Philippine government topay the Belgian dredging firm Baagerwerken Decloedt En Zoon (BDZ) P800 million, or what it had already put into the country - plus interest costs from 2011 to this month - when Aquino scuttled the project in November 2010, a few months after he took office.

The veteran journalist stated that the Duterte administration can't justly ask the Filipino taxpayers to shoulder the nearly P1 billion penalty to the Belgian government.

It was solely former Pres. Aquino, not the Cabine nor any other government body, that recommended the cancellation of the project.


During the administration of Pres. Aquino he didn't even issue any written order to formally inform
BDZ that he was cancelling the contract. It was scuttled in actual practice only through Finance Secretary Cesar Purisima’s refusal to sign the documents accepting the Belgian government’s P7 billion grant to fund the project.

If Purisima can’t produce documents to prove that Aquino ordered him not to sign the papers, he should be legally liable for gross negligence in office.

The cancellation of the Belgian Flood Control Project during the Aquino administration represents he height of PNoy's alleged arrogance and stupidity according to Tiglao.

Former Pres. Gloria Macapagal Arroyo initiated the project but discontinued by the Aquino administration. The project would have required little cash outlay from the Philippine government, since BNP Paribas Bank would have provided the bulk of the financing at nearly concessional rates, while the Brussels government would have donated to the Philippines P7 billion for the project.

The project was mainly intended to dredge the Laguna de Bay and the Napindan Channel so floodwaters in Metropolitan Manila would have flowed out through the existing waterways faster and easier.

If Aquino had not cancelled the project, it would have reduced flooding in Manila by 2012, the scheduled completion of the project, or four years ago. Former President Gloria Macapagal-Arroyo made it a priority of her administration after Typhoon Milenyo brought massive flooding in Luzon and Metro Manila.

During the controversial stoppage of the Belgian Flood Control Poject, Laguna Gov. Jorge Ejercito lobbied for the continuation of the project but he was later on harassed by Aquino's supporters, leading to his ouster as Laguna governor for election overspending, the only governor ever removed from office for such violation.

The veteran columnist Tiglao claimed on his article that "The cancellation of this crucial flood-control project will go down in Philippine history as the country’s most tragic, most shameful episode in which P1 billion in in taxpayers’ money will be paid, hundreds of lives were taken, hundreds of thousands of flooded Filipinos put in misery because of the irresponsible ill-will of a President toward his predecessor."

Source: The Manila Times

Popular posts from this blog

You can pay at a restaurant by smiling at a camera

© Provided by Engadget As easy as it is to make purchases in the era of tap-to-pay services , it's about to get easier still. Alipay (which handles purchases for Chinese shopping giant Alibaba) has launched what it says is the first payment system that uses facial recognition to complete the sale. If you visit one of KFC's KPRO restaurants in Hangzhou, China, you can pay for your panini or salad by smiling at a camera-equipped kiosk -- you need to verify the purchase on your phone, but you don't have to punch in digits or bring your phone up to an NFC reader. The system (Smile to Pay) is purportedly resistant to spoofing with photos and other tricks. It relies on both depth-sensing cameras and a "likeness detection algorithm" to make sure it's really you. Reportedly, the technology is good enough that it can accurately identify people even when they're disguising themselves through makeup or wigs. You shouldn't have to worry about someone buying ...

Cimatu warns miners: Don’t befoul watersheds, forests, aquatic resources

© Provided by Mediamerge Corporation Newly-appointed Environment and Natural Resources Secretary Roy Cimatu poses for a photo before being sworn into office by President Rodrigo Duterte ahead of the 15th Cabinet meeting in Malacañang on Monday, May 7, 2017. Robinson Niñal/PPD Environment Secretary Roy Cimatu on Tuesday warned mining firms to observe responsible mining and avoid destructive practices or face sanctions His pronouncement came in response to President Rodrigo Duterte's second State of the Nation Address, in which the chief executive emphasized mining's impact on the environment. "I know for a fact that in a number of cases, weak and irresponsible mining practices result [in] environmental destruction—contaminating farmlands and poisoning our rivers and seas," Cimatu said in a statement. "Miners better refrain from despoiling our watersheds, forests and aquatic resources," he added. Cimatu said the Department of Environment and Natural Res...

Tesla cloud account hacked to mine cryptocurrency

© Provided by The Hill An unidentified outside hacker infiltrated Tesla's Amazon cloud account and used its systems to quietly mine for cryptocurrencies, a cybersecurity firm announced Tuesday. The hack also potentially exposed the electric car company's data. Researchers for RedLock found that Tesla's credentials on an IT administrative console were not password protected. They made the discovery while trying to track down which organizations had left their Amazon Web Services (AWS) credentials openly exposed on the internet last month. The hackers quietly hijacked the console and began running scripts to generate virtual currency like bitcoin, the latest in a series of "cryptojacking" attacks. The researchers also found the hackers used "sophisticated evasion measures" to go undetected. A spokesperson for Tesla said the company learned about the breach in a company-sanctioned bug bounty program that pays outside hackers to discover vulnerabilitie...