Same dog, different collar
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Noynoy’s so-called private-public partnership (PPP) program appears to be a mere rewording of the build-operate-transfer (BOT) schemes that held sway during the administration of former President Fidel Ramos. BOT projects were billed as a way out for the cash-strapped government to continue setting the infrastructure the nation needs since projects will be set up by the private sector that will run it for a predetermined period and then transfer its ownership to the government.
In theory, the concept was very logical and enticing. In practice, however, the many BOT projects that supposedly would not cost the government a cent, are now being paid for by the public through its ears. The BOT scheme was used for the setting up of several road and power projects from the time of Ramos.
The current astronomical road toll and most of the so-called universal charges in electricity bills that almost equal the cost of generation which should be the only major component of monthly power expenses of consumers, mainly came from such contracts.
Noynoy and his economic bright boys are now pushing the PPP that would not be any different from the BOT projects that are currently proving to be a scourge to the nation..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20101114com1.html
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