Archive for March 18th, 2008
FDC In The News: The Illegitimate Debt Forum Series
BusinessWorld
http://www.bworld.com.ph/BW031808/content.php?id=074
Read the original article here.
GMANews.TV
http://www.gmanews.tv/story/85241/Group-calls-for-temporary-suspension-of-NorthRail-project#
Group calls for temporary suspension of NorthRail project
Article posted March 17, 2008 – 11:44 PM
By Marian Grace S. Ramos, BusinessWorld
MANILA, Philippines – Pending the resolution of controversies surrounding the multimillion-dollar North Luzon Railways Corp. (NorthRail), nongovernmental group Freedom from Debt Coalition (FDC) on Monday pushed for its temporary suspension.
On the sidelines of a forum, FDC Vice-President Lidy Nacpil told BusinessWorld, “The very least and prudent thing [for the government] was to suspend it in view of the investigation in the Senate and the hanging questions.”
Last week, the Bangko Sentral ng Pilipinas signed a supplemental $90-million facility from London-based Barclays Bank Plc. to finance NorthRail’s phase 1, sections 1 and 2.
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