chief executive officer Toshikazu Nomura said the Japanese project will be a 25-year build-operate-transfer scheme, at no cost to the Philippines, with the Metropolitan Waterworks and Sewerage System (MWSS) paying through the agreed water rates.
"The GIFT City Company (GIFTCL) was incorporated on June 21, 2007 in which, both IL&FS and GUDC
contributed 50:50 equity of Rs 32.50 crore each in the JV and a government land of 662 acres was given by Government of Gujarat to GIFTCL and GIFT SEZ with the conditions that the entire development of infrastructure in the GIFT city will be done by the company out of the proceeds of the development rights sold in the city to private developers," it added.
's 'proposal contemplates the same NCWS-KDP and involves the construction of an intake weir, which is also a component of the approved NCWS-KDP,' Sebastian said.
Sespene confirmed preparing the documents e-mailed to the media by the MWSS, justifying the decision to pursue the controversial P12.1-billion Kaliwa Dam Project through an official development assistance (ODA) secured by the Philippine government from China, as against the GUDC
's unsolicited proposal.
He said the project would only cost $248 million or P12.2 billion, not $800 million as claimed by GUDC
Japan-based infrastructure firm Global Utility Development Corporation (GUDC
) on Tuesday said their proposed Kaliwa Intake Weir project would be cheaper at $410 million.
) is now reviving its proposal to build the $410-million Kaliwa Intake Weir Project under a 25-year build-operate-transfer (BOT) scheme in light of the severe water crisis affecting millions of customers in the east zone of Metro Manila.
Only time will tell if the emerging Kaliwa dam controversy will transform into graft charges and court cases, but from the looks of it, the GUDC
officials are not simply walking away or staying quiet, as a result the media has picked up the story.
) to build an alternative dam to the controversial Kaliwa Dam will no longer be considered by this administration, a top official of the Metropolitan Waterworks and Sewerage System (MWSS) said.
In denying GUDC
's proposal, MWSS administrator Reynaldo Velasco cited the $800 million New Centennial Water Supply project which will be funded by China.
), said at a press briefing his company's design cost was lower.
) decided to revive its proposal to build the US$410-million Kaliwa Intake Weir project in Rizal province under a 25-year Build, Operate, Transfer (BOT) scheme.