NEWS: DavNor Capitol’s new P235M LBP loan bias to District 1

oct 9
About sixty percent or P135,227,605 of the P235-million loan that the Davao del Norte Capitol is seeking from Land Bank of the Philippines after Monday’s budget approval by the provincial board would go for the funding of various infrastructure projects in the District 1 where the governor’s son is positioning to run for Congress by 2010.
Per budget document obtained from the Sangguniang Panlalawigan, a total of P131-million is appropriated for the construction, rehabilitation, improvement of various infrastructure projects like roads, bridges, reservoirs, seawalls, solar dryers and others.
The balance of P4 million was intended for the purchase of four units of vehicles for the mobilization of the Provincial Engineering Office.
The province’s District 2 consisting of the Island Garden City of Samal, Panabo City and towns of Sto. Tomas, Carmen and E. Braulio Dujali gets only about 41 percent or P95,772,395-worth of funding for infrastructure projects from Capitol’s fresh intent to borrow from LBP a year after it secured P500 million from the same bank.
Last year’s first LBP loan went for the purchase of heavy equipment and the construction of the provincial sports complex, which has presently remained to be incomplete.
District 1 consists of the city of Tagum and the towns of Kapalong, New Corella, San Isidro and Talaingod. It is where Governor Rodolfo del Rosario is widely talked about as the district’s pre-emergent kingmaker, while the other District is considered as the traditional turf of the Floirendos. His son Anthony Rafael has already re-declared to run in the district for Congress.
Last Monday P235-million budget sourced from borrowing was first approved by the committee of finance, budget and appropriations and then later inserted, read and approved by the entire Sangguniang Panlalawigan.
Shortly before the budget was approved, Vice Governor Victori-o “Baby” Suaybaguio Jr said that approval was in keeping with the governor’s commitment to give P1 million worth of projects per barangay, and “it is in compliance to our promise to our constituents that no barangay will be left out.” (Cha Monforte/Rural Urban News)

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