Friday, August 17, 2012

Topsy-turvy 'out of time' huge loan desire

The Marinduque Capitol Building, circa 1928.

"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it." - Frédéric Bastiat (1801-1850)


In May 2012, for the proposed improvement of the road network infrastructure development project in the province of Marinduque, the Sangguniang Panlalawigan (SP), authorized Gov. Carmencita O. Reyes to negotiate a loan agreement with the DBP.
Two months later, in July 2012, the SP amended the said resolution to include the authority to negotiate not only with DBP but “with any government or private financial institution” not only for road network infrastructure development projects this time but also, for “other priority socio economic development programs”.

When word got out about these seemingly topsy-turvy operations, a group of concerned citizens found the proposed loan to be “counter-productive, unreasonable, unnecessary, and certainly out of time.” “The subject resolutions were not referred to the Provincial Development Council of Marinduque, the statutory body tasked to approve and endorse the annual investment plan of the province”, as stated in the petition for repeal of the resolutions, see yesterday's post.

On August 1, 2012, members of the SP requested for a meeting with certain key officials of the DOTC in Manila to provide funding assistance for the Marinduque Airport Runway Project, estimated to cost Php 90-million. After the meeting the SP passed Resolution No. 735 dated August 1, 2012 (same date), stating among others that “Whereas, the Body is likewise happy to know that the DOTC had already plans for the proposed extension and rehabilitation of the Marinduque Airport Runway...”

Two weeks later - just the other day, in fact, the Sangguniang Panlalawigan decided to further amend the second Resolution issued last July, this time authorizing the governor to negotiate a loan agreement not with DBP but solely with Philippine National Bank (PNB), in the amount of Php 150-million. The Sangguniang Panlalawigan specified this time that Php 100-million out of that loan is for the completion of the Marinduque Airport Runway and Php 50-million for farm-to-market roads.

Curiously, on or about the same time that this was going on, Governor Reyes went on radio to announce that she had already negotiated with PNB for a Php 300-million credit line in favor of the provincial government of Marinduque, with official notice already received, she said. Reyes said the loan will be used for farm-to-market roads, airport runway, construction of a sports complex and education (citing the need to continue her son's - former Cong. Edmund Reyes, Jr.'s scholarship program).

“Maikli na ang panahon mga anak, hindi natin maisusulong ang proyektong pangkaunlaran na tanging minimithi ng ating kalalawigan ng sabay-sabay kung tayo ay hindi uutang sa bangko…”, she said.

After a political career that spanned 41 years (from 1971 as Delegada to present), Reyes, based on her own foregoing statement, ("time is already short my children, we cannot push for development projects that are the only desire of our provincemates, all at the same time, if we will not obtain a loan from the bank..."), has really ran out of time, four decades apparently not being enough to push for Marinduque's development.


Marinduque Capitol building, born 1928, haunted by ghosts, and now 84 years old.

Susong Dalaga Hill

Susong Dalaga Hill
Susong Dalaga Hill from Bagtasan isthmus

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