Noy may struggle to keep investment pledge
11/01/2010President Aquino may struggle to keep his promise to give his country a modern infrastructure, including water and electricity supplies, if its history is anything to go by.
Aquino aims to build roads, railway lines, airports, seaports, power plants and water supply systems to attract more investment and bring jobs and economic growth to his struggling country.
He aims to make all this happen by following his late mother, ex-leader Corazon Aquino, who signed a “build-operate-transfer” (BOT) law in 1990 that helped the country emerge from a crippling energy crisis.
Under BOT the private sector puts up the capital, builds and runs the systems, and collects charges until they recoup their investments, at which time ownership passes to the government.
Next month Aquino is expected to invite bids for 10 projects worth nearly P128 billion, and businesses say that as long as they are given a level playing field he should be able to raise the money..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20101101hed3.html
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