And Who Suffer Most?
By Daddy Neil
@neildc (17238)
Lapu-Lapu City, Philippines
July 21, 2008 8:31pm CST
I will one to benefit from this project as I am from Bulacan. And so as my families and "kababayans" from the province.
But this project sucks. I mean, how can we spend a lot of money on this thing, the fact that we don't have such funds to invest on it. Spending more than what you have in your pocket? And who will suffer most?
[i]Northrail Project: 32.2 Kilometer Caloocan to Bulacan
Contract Price : $503 Million
Overrun Cost (Additional) : $299 Million
Interest : $1 Million per day[/i]
KEEP SMILING = NEIL
1 person likes this
3 responses
@dhangski (3194)
• Philippines
22 Jul 08
The question here is, Is this really needed? Is this for the benefit of the whole country? The one who will suffer on this so-called project is we Filipinos who are paying taxes. Why not spend those millions for the betterment of the whole?
1 person likes this
@neildc (17238)
• Lapu-Lapu City, Philippines
22 Jul 08
we can still find good things here, see the lrt's and the mrt's? it's such a great alternative for commuters especially in great traffic situations. but another burden for the filipinos? no way.
@neildc (17238)
• Lapu-Lapu City, Philippines
22 Jul 08
i know it my best. but the project says that it was already a project way back in 2004. and we are already paying for the $1M interest, every day is a million dollar a day. what shall we do with the project, scrap it? and another burden will be the chinese court if we breach the contract. we are all losers here.
@tamarafireheart (15384)
•
22 Jul 08
Hi Neil,
They are not interest in people suffering it only for those who can afford ityou cannot invest fund if you don't have so what is use of spending you don't have? no its for the rich.
Tamara
1 person likes this
@neildc (17238)
• Lapu-Lapu City, Philippines
22 Jul 08
this is really painful for the people as they are the ones who will pay for it with their taxes. considering the amount loaned here, when will this suffering end. thanks tamara
@magojordan (3252)
• Philippines
22 Jul 08
Well I think this another overpriced project will take its toll again on us taxpayers who work very hard everyday just to get their families the basic needs. I think that although it will bring us benefit now but in the long run paying up for it will really make more of us poor because we would shoulder too the expense for that project. 
@neildc (17238)
• Lapu-Lapu City, Philippines
22 Jul 08
and in the end, our poor grandchildren will carry the cross for us. 
