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Public to shoulder more costs than Ayala-MVP in LRT deal — Ibon

Public to shoulder more costs than Ayala-MVP in LRT deal — Ibon

The public-private deal concerning LRT will give the Ayala-MVP Group the benefit of the government’s official development assistance (ODA) in financing more than half of the total project cost of about P65-billion. The government committed to shoulder the right of way acquisition, purchase of coaches, civil works, among other expenses.

See also: Bayan rues ‘End of an era’ as Aquino privatizes LRT 1

Progressive groups call looming water rate hike a robbery

Progressive groups call looming water rate hike a robbery

This year, private water concessionaires are up for ‘rate rebasing,’ meaning they would substantially increase water rates to pass on the costs of their planned projects, some of which would not be implemented but will be charged to consumers anyway. This is aside from the usual rate increases.

Read also: Metro Manila experience: Poor water service, unjustified rate hike petition

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