Instead of at least six months to a year, bidders were given just more than two months to prepare proposals before the deadline on Dec. 17, 2019. At the time, the Cavite government had wanted to hold a groundbreaking ceremony early this year.Another source called the deadline unrealistic.On Dec. 17, it was disclosed that CCCC had joined forces with MacroAsia Corp., an aviation services firm of Philippine Airlines owner Lucio Tan, in what became the sole consortium vying for the project.
There were many direct references to the Chinese government’s planned involvement in the project from its feasibility study dated July 2019 to the draft joint venture and development agreement issued to potential bidders starting Oct. 11 last year. Showcase projects like SPIA will be mainly funded by borrowings and assumptions made in the feasibly study showed that 98 percent of the project’s debt or equity will flow from the Chinese.
The provincial government, which will provide the land, was assumed to contribute the remaining 2 percent of the total project cost through the sale of bonds.China’s potential involvement was again referenced in the draft joint venture and development agreement, a document that will be the basis of the eventual contract with the Cavite government.
The agreement also allows the provincial government to approve “at its sole discretion” other institutions to finance the project. Grepo said the committee followed the PPP Code of the province apart from standard procedures and guidelines under all applicable laws. Bidders were also given equal access to all studies with complete technical and financial data.The joint venture and development agreement ensures that ownership of land will remain under the control of the province or other Filipino government entities.
I would love to see Sec. Dominguez throw the book at them and cancel that contract.
Lahat pabor sa China, lahat galing China, shabu, prostitusyon... pati virus galing China!
Uhhhh remulla ang gov ng cavite. The project is under provincial contract.
P*tang *n* lang ng mga anti-corrupt churva ng admin na ito. kapag wala siguro silang kabig, wala kang contract tapos tapos tapos ... palakpakan pa sila PILIPINO BA TALAGA KAYO!!!
Galawang duterte
Whats new? 🤔🤔
Why am I not surprised!
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