metromanila.politics.com.ph

Palace to carefully study Japan’s proposal on Kaliwa Dam project

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By Prince Golez

Malacanang on Tuesday said it will “thoroughly” study the proposal of Japan-based infrastructure firm Global Utility Development Corporation (GUDC) on the construction of the Kaliwa Dam project.

“If the advantage is so clear, if it is true that the Chinese proposal is onerous, I think we should look into it,” presidential spokesperson Salvador Panelo.

“I think that should be thoroughly studied if the claim of the Japanese is true or not. Kasi we don’t know exactly, baka we’re also speculating,” added Panelo.

The spokesman said he will ask the Japanese firm to provide his office a copy of its proposal.

“Then my office will look into it. And then I will make a recommendation to the President,” Panelo said.

The construction of the China-funded Kaliwa Dam will cost US$800 million, while Japan’s proposed funding was only US$410 million.

Eighty-five percent of the Chinese-funded dam project will be funded by the official development assistance from China. The remaining 15 percent will be shouldered by the Philippine government.

The Japanese project, on one hand, will be fully financed by GUDC.