This Is The Result Of Aquino's Cancellation On Belgian Firm’s Flood-Control Venture, OMG!

"The cancellation of this crucial flood-control project will go down in Philippine history as the country’s most tragic, most shameful episode in which P1 billion in in taxpayers’ money will be paid, hundreds of lives were taken, hundreds of thousands of flooded Filipinos put in misery because of the irresponsible ill-will of a President toward his predecessor."
noynoy aquino manila flood
Due to former President Benigno Aquino III’s unilateral cancellation in 2011 of a Belgian firm’s P18-billion flood-control venture which was the Laguna Lake Rehabilitation Project, the World Bank’s International Center for the Settlement of Investment Disputes (ICSID) ordered the Philippine government to pay the Belgian dredging firm Baagerwerken Decloedt En Zoon (BDZ) P800 million plus interest costs from 2011 to this month, Rigoberto Tiglao of The Manila Times reported.

According to Tiglao's report,

The Rodrigo Duterte administration can’t justly ask us taxpayers to shoulder that nearly P1 billion penalty: It was solely Aquino, not the Cabinet nor any other government body, that recommended the cancellation of the project. In contrast, in the case of the government’s cancellation of the PIATCO Terminal III project, which it also lost, the Cabinet, the Solicitor General and even the Supreme Court had collectively decided that that airport project was riddled with graft.

Aquino didn’t even issue any written order to formally inform BDZ that he was cancelling the contract. It was scuttled in actual practice only through Finance Secretary Cesar Purisima’s refusal to sign the documents accepting the Belgian government’s P7 billion grant to fund the project. If Purisima can’t produce documents to prove that Aquino ordered him not to sign the papers, he should be legally liable for gross negligence in office.

If Aquino had not cancelled the project, it would have reduced flooding in Manila by 2012, the scheduled completion of the project, or four years ago. Former President Gloria Macapagal-Arroyo made it a priority of her administration after Typhoon Milenyo brought massive flooding in Luzon and Metro Manila.
Belgian Prime Minister Yves Leterme appealed to Aquino to allow the Belgian contractor to respond to the allegations against the project. Aquino snubbed Leterme, and did not even bother to reply to his letter.

Instead, Aquino ramped up his opprobrium against the project, and claimed that it was a “big joke” since it would “just move silt to another portion of the lake.”

Why did Mr. Aquino cancel such a crucial project? Because of his irrational, apoplectic bias that everything his predecessor President Arroyo, did or planned was corrupt. Just a few months after he assumed office, Mr. Aquino claimed that the project was a “midnight” corrupt deal of the Arroyo administration. The mainstream press of course toed the Palace line, and Aquino even got the leftist organizations, especially Bayan Muna and Akbayan representatives in Congress, to echo his baseless allegations.
The Manila Times ended their report with,

The cancellation of this crucial flood-control project will go down in Philippine history as the country’s most tragic, most shameful episode in which P1 billion in in taxpayers’ money will be paid, hundreds of lives were taken, hundreds of thousands of flooded Filipinos put in misery because of the irresponsible ill-will of a President toward his predecessor.

Make Aquino and Purisima pay not just for their arrogance and stupidity but also for the suffering they’ve caused the nation.