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Saturday, June 04, 2005
Floodway project to continue late 2005
* The P4.2-billion project's civil works component is segmented into two packages
* Package 1 is for the improvement of Aganan River, Tigum River and Jaro Floodway while Package 2 is composed of the rehabilitation of Iloilo River, Jaro River Mouth and Upper Ingore Creek
THE P4.2-billion Iloilo Flood Control Project will resume on the last quarter of this year, the City Planning and Development Office said.
The project's civil works component is segmented into two packages. Package 1, which still undergoing bidding, is for the improvement of Aganan River, Tigum River and Jaro Floodway. Six pre-qualified contractors have been qualified to bid.
Package 2 is composed of the rehabilitation of Iloilo River, Jaro River Mouth and Upper Ingore Creek. The bidding was held last March 11 and the winning bidder will be known third week of July.
The project is funded by the 25th yen loan package from Japan Bank for International Cooperation. The government counterpart for the right of way acquisition is P899 million.
Last January, Malacañang scrapped the foreign-funded P3.7-billion Iloilo Flood Control Project for lack of funds. Its Phase II is supposed to be funded by Y6.8-billion loan from the JBIC.
The cancellation was decided during the January 10 meeting of President Gloria Macapagal-Arroyo with the Department of Finance and Japanese Finance Minister Sadakazu Tanigaki.
Fifth district Representative Rolex Suplico earlier disclosed the agreement was to scrap over P16 billion (Y30.8 billion) worth of projects, including the Iloilo Flood Control Project, from the JBIC loans because of the National Government's failure to provide the peso counterpart required.
But Arroyo later said the flood control project was not cancelled because it is a priority project. The President said she had instructed Presidential Adviser for Western Visayas Rafael Coscolluela to ensure the project pushes through. (LABB)
(June 4, 2005 issue)
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