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Just compensation C.R.O.S.S.R.O.A.D.S Jonathan De la Cruz 07/15/2011

Saturday, July 16, 2011

Just compensation

C.R.O.S.S.R.O.A.D.S
Jonathan De la Cruz
07/15/2011
P-Noy and his economic managers should thank San Miguel Corp. president and COO Ramon Ang for fast-tracking, as it were, the rehabilitation and upgrading of the Caticlan-Boracay International Airport in time for the second session of the 15th Congress. At least, with this $300 million long overdue undertaking they will have one Public-Private Partnership (PPP) project to bandy around as they prepare for the second round of roadshows meant to cajole investors to invest in the “big-ticket” projects, mainly infrastructure, works designed to catapult the country to the top tier members of Asean such as Malaysia, Thailand, Indonesia and, of course, Singapore whose basic infra networks and services, i.e., roads, bridges, airports, ports, telecoms and even power, are considered world-class and, yes, affordable.

It was not meant to be this way. After the “golden years of infrastructure works” as the Marcos years have come to be known, succeeding administrations wanted to sustain the momentum using the old ODA route. Alas, the Asian financial crisis set in and development funding for such big-ticket items almost dried up. So, the stage was set for the Build-Operate-Transfer (BOT) Law which was the original framework for various funding schemes such as this administration’s PPP. The problem is the record as far as these BOT/PPP variations has been very spotty..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20110715com5.html

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