Latest news with #P52.57
The Star
a day ago
- Business
- The Star
Marcos: 64% of flood-control projects lack clear descriptions
MANILA: President Ferdinand Marcos Jr on Monday (Aug 11) revealed that 64 per cent of the total cost of flood-control projects under his administration either lacked clear project descriptions or were located in different areas despite having the same contract cost. At a press conference, Marcos said the total cost of all flood-control projects from when he assumed office in July 2022 to the present stands at P545 billion. However, over P350 billion worth of projects—6,021 in total—'do not specify the exact type of flood control being built.' Marcos also revealed that many of the projects are in different locations yet share exactly the same contract cost. 'I think anybody who works in either the private or public sector, if told there are 50 projects, all identical, each costing P150 million — exactly the same, all the same — would say that's impossible,' he said. 'It is impossible for one barangay, even if they are the next barangay, to have the exact same project for the exact same amount with the same contractor. That's impossible. And that is why that is a significant – significant finding already that we have made,' he added. However, the president clarified that these cannot yet be classified as 'ghost projects,' as the investigation is still ongoing. 'If there is evidence of consumption, embezzlement, or any kind of wrongdoing, that's when we will move,' he said. 'But, again, we cannot do all of this without the help of the ordinary citizen. We need the citizen to play their part, their civic duty, to report to the government what they see as being wrong,' he added. Marcos also noted that Metro Manila topped the list of regions with the most flood-control projects, recording 1,058 projects worth P52.57 billion. It was followed by Central Luzon with 1,617 projects amounting to P98.01 billion and Bicol Region V with 866 projects valued at P49.61 billion. - Philippine Daily Inquirer/ANN
GMA Network
2 days ago
- Business
- GMA Network
Marcos bares total cost of flood control projects since July 2022 at over P500B
The total cost of flood control projects from July 2022 to May 2025 amounted to more than P500 billion, President Ferdinand ''Bongbong'' Marcos Jr. disclosed Monday. ''The total cost of all of the projects since July 2022 until today is P545 billion. I don't know about you but that is a very big number, by any measure that is an enormous number,'' Marcos said at a press conference where he announced the launch of a website about flood control projects. The total number of the flood control projects was 9,855. Marcos said that a total of 6,021 projects were worth more than P350 billion, adding that they do not specify the exact type of flood control structures built, repaired or rehabilitated. As part of the initial findings, Marcos said several projects in different locations have exactly the same contract cost, which could mean that same designs, materials, and lengths were used despite differences in location or terrain. The regions with the most projects and highest spending include the National Capital Region (1,058 projects worth P52.57 billion), Region III (1,617 projects worth P98.01 billion), and Region V (866 projects worth P49.61 billion). Marcos disclosed this pieces of information after receiving a list from the Department of Public Works and Highways on the flood control projects. As promised during his last State of the Nation Address, Marcos noted that the audit of the projects will be made accessible to the public. ''And most importantly, it is in a form that the public can use so that they can first, identify the projects that -- the flood control projects that are within their area, within their barangay so that they can actually go and look at it,'' Marcos said. ''Or if they already have information, they can tell us about it kung maganda 'yung naging project, kung hindi maganda 'yung naging project, bakit hindi maganda 'yung naging project, ano naging problema, et cetera, et cetera,'' he added. (They can tell us about it if the project was good, if it did not become good, what were the problems encountered, et cetera, et cetera.) — RSJ, GMA Integrated News
