Tags: Privatization

The failed promises of privatization

By BENJIE OLIVEROS Bulatlat perspective Privatization, by whatever name – Build-Operate-Transfer or Public-Private Partnerships – was touted to be the solution to the inefficient, monopolistic management by government of public utilities and services. It was supposed to be the opposite of how the dictator Marcos monopolized and profited from basic utilities such as electricity, water,…

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