Oroquieta LGU ventures into a 180-million Loan Contract for Town Center Project
The Oroquieta Sangguniang Panlungsod passed on Wednesday January 26, 2010 a resolution supporting the Executive Agreement entered into by and between Mayor Jorge T. Almonte and the Philippine National Bank concerning the 180-million loan venture that the Local Government will use to construct the Town Center.
But civil society organizations, business sector groups and people’s organizations have already expressed dissent over the move of the local government as it may undermine the whole interest of the local economy and the way the LGU delivers basic services to the people.
Former Vice Mayor Lemuel Acosta who is running for City Mayor is one among those who have highly raised a brow against the issue. According to him, lavish loans such as the one pushed through for the Town Center project is equal to a “total sellout” of the Local Government. He believes such project would make difficult the next administration programs to push through as it will drain the LGU’s resources.
City Councilor Anthony Centino rightfully manifested his objection to the resolution calling it a “direct betrayal of public trust”. “I could not imagine how easy for it to my fellow councilors to pass and approve the resolution without even taking into cosideration some important questions as to the validity and rationality of the contract”, he said.
“What they did would create an outrageous environment in the city in the coming months.They will surely regret this.”, he added.
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Ang tanang tawo nahiktan na sa utang sa pilipinas nga misamot kadako tungod sa pagpasagad ug pangutang? Makaayo ba ang pagpangutang aron lang paghimo ug dagkong proyekto aron lang makita ug ingnon nga aduna siyay nahimo, apan ang magabayad niini ang katawhan? Kon ang gobyerno ang mangutang ang katawha gayod ang magbayad kay ang katawhan mao man ang gobyerno, kon alkansi ang kita ang katawhan ang magtapal? Nan sa maong paagi dili makaayo di ba?