Solon queries rush in MRT-LRT bid prior to forming of GOCC body By Angie M. Rosales 05/16/2011

Solon queries rush in MRT-LRT bid prior to forming of GOCC body

By Angie M. Rosales 05/16/2011

A Senate administration ally warned Malacañang anew against pursuing the planned privatization of two mass railway systems, saying the Executive may be perceived as engaging in a possible case of a “midnight deal.”
Sen. Ralph Recto yesterday urged the Palace to defer the bidding for the P15-billion management contract of the bundled Metro Rail Transit–Light Rail Transit (MRT-LRT) systems until Congress enacts the law setting up the Governance Commission for GOCCs (GCG).

The lawmaker said government should first have the yet to be convened commission review first the planned auction, among the powers of which is to scrutinize the operations of government-owned and controlled corporations (GOCCs) to determine if they should be abolished or privatized subject to the approval of the President..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110516hed2.html