Maguindanao: Transparency on bulk of loans
Five years after, the province was
granted by the Land Bank of the Philippines to loan amounting to 1.7 Billion
pesos payable in 10 years from separate loan terms.
Among the urgent and needed to be
funded are the two giant dredging machine to be purchased for the flood prone
province which cost around 200 million pesos.
Others will finance the purchase of
provincial heavy equipment,construction of provincial capitol building,
provincial jail, road networks and bridges, educational scholarship program, nursery
and high value-crops seedlings.
This was the first after the
province has been paying in the last years
the unpaid loan from the his
predescessors.
Vice-Governor Datu Lester Sinsuat
said, the crafting of the loan was scrutinized and ratified from the Sanguniang
Panlalawigan officials which he said is has far different from the previous
procedures where at the moment transparency of the deal and the following bidding will obviously be
present.
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