$2-B solution to Manila’s floods by SMC

  • Page Views 274
  • Conglomerate San Miguel Corp. (SMC) is planning to propose to the Duterte administration a $2-billion program to build a flood  mitigation system with a waste-to-energy component for Metro Manila.

    On the sidelines of the listing of Eagle Cement Corp. on Monday, SMC president Ramon S. Ang told reporters the metropolis was prone to flooding because Laguna de Bay, which used to be an effective natural catch basin for excess rainwater, was now all clogged up.

    “There should be a spillway which will allow water from Laguna de Bay to flow to Manila Bay,” Ang said. The spillway should have a diameter of 14 meters (46 feet), he said, adding such a system would prevent the recurrence of the massive flooding brought about by Tropical Storm Ondoy in 2009.

    “The government long knows about this solution. That’s the most important flood control project and not just dredging (of waterways),” Ang said. “Once all the trash is taken out, Metro Manila will be flood-free.”

    In return for building this flood control system, Ang said SMC would ask for the right to “use the materials.” The trash collected could be used to generate power, he said.

    Ang said SMC already has a prospective technical partner for the project, which he declined to name. The unsolicited proposal, if the government decides to give it a go, will still be subject to a Swiss challenge.

    Ang said it’s best for the government to continue bidding out projects to the private sector instead of relying on government-to-government infrastructure deals. This is amid government economic managers’ signal of veering away from public-private partnership (PPP) deals in favor of official development assistance (ODA)-funded projects.

    Ang also said resorting to borrowings would “destroy the balance sheet of the government” and jack up interest rates in the country. (D. DUMLAO-ABADILLA, Inq.)

    Share

    New Posts Recently publish post More

    • 20 January 2018
      1 hour ago No comment

      How Facebook’s new algorithm will change the way users see content

      FACEBOOK never claimed itself to be a media company. It maintains it is a social network to connect people to other people. Those familiar with Facebook when it started in 2004 will know how it has changed from a story-sharing, people-connecting platform to one that curates and distributes content ...

    • 20 January 2018
      3 hours ago No comment

      Paolo Duterte resigns as Davao City VM

      Paolo Duterte resigned as vice mayor of Davao City last Christmas. Out of delicadeza he said. OK. Let him follow what he think is the right move to do after his ‘skirmishes’ with his daughter via social media that let netizens around the world knew what kind of a ...

    • 19 January 2018
      21 hours ago No comment

      Bank of Canada increases overnight rate target to 1 1/4 per cent

      The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation is close to target, and the economy is operating ...

    • 19 January 2018
      23 hours ago No comment

      Covfefe and other S*** Trump Says

      By this time, the world knows not to take what US President Donald Trump says seriously. Before he became president, Trump’s companies have filed for bankruptcy protection six times. His Taj Mahal opened in April 1990 in Atlantic City, but six months later, defaulted on interest payments to bondholders ...

    • 19 January 2018
      1 day ago No comment

      Bert Parungao visits Pathways

      Community leader, Bert Parungao, visited Pathways to Canada Ortigas office to give pre-departure orientation to immigrants. To strengthen the program, Pathways blended its’ services with other pre-arrival service providers particularly relating to a specialized soft employment skills. Training and education upgrade are provided for trade workers, professionals, semi-skilled workers, ...

    %d bloggers like this: