CLARK FREEPORT—The government "virtually gave away" P630 million when President Macapagal-Arroyo approved a four-month extension of the construction deadline of a Japanese contractor building the Bataan-Pampanga portion of the Subic-Clark-Tarlac Expressway, an Inquirer source said.
Ms Arroyo's approval, made on the recommendation of Secretary Edgardo Pamintuan, missed out on the payment of P630 million in liquidated damages for the delay by the Kajima Corp., Obayashi Corp., JFE Engineering Corp. and Mitsubishi Heavy Industries Ltd. (KOJM) Joint Venture, said the source, who was involved in and knowledgeable on the Subic-Clark development projects.
KOJM was supposed to finish its contract on Nov. 15 this year but sought an extension until March next year to make up for the delay due mainly to right-of-way problems. The Bases Conversion and Development Authority (BCDA) said part of the blame rests on KOJM for failing to bring in new pieces of equipment to finish its job. Full Story - Synergen Consulting Interntional
Ms Arroyo's approval, made on the recommendation of Secretary Edgardo Pamintuan, missed out on the payment of P630 million in liquidated damages for the delay by the Kajima Corp., Obayashi Corp., JFE Engineering Corp. and Mitsubishi Heavy Industries Ltd. (KOJM) Joint Venture, said the source, who was involved in and knowledgeable on the Subic-Clark development projects.
KOJM was supposed to finish its contract on Nov. 15 this year but sought an extension until March next year to make up for the delay due mainly to right-of-way problems. The Bases Conversion and Development Authority (BCDA) said part of the blame rests on KOJM for failing to bring in new pieces of equipment to finish its job. Full Story - Synergen Consulting Interntional
