But did you know that the Philippines paid almost 1 billion because Aquino cancelled the dredging project in Laguna Lake? According to the Business Mirror Article in 2017, Aquino canceled dredging of Laguna Lake even though the project was legal.
THE International Center for the Settlement of Investment Disputes (ICSID) has ordered the Philippine government to pay P800 million to Baggerwerken Decloedt En Zoon (BDC) for scrapping the P18.7-billion Laguna Lake Rehabilitation Project (LLRP) in 2011. ICSID issued the award on January 23, 2017, six years after former President Benigno S. Aquino III junked the deal that was twice declared by then-Justice Secretary Leila M. de Lima as “legal and binding”.
Former Justice Secretary Alberto Agra also issued a legal opinion affirming the validity of the contract entered into between BDC and the Arroyo administration through the Department of Environment and Natural Resources (DENR.) The BDC project was originally crafted to dredge the 94,900-hectare Laguna de Bay and deepen its average depth of 2.5 meters, and called for the creation of navigational channels in the waterway, which has Class C water quality deemed to be inappropriate for human consumption.
Read the reaction from the netizens on the dredging project in Laguna Lake that was cancelled by Aquino:
Jelly Guerzon: Kakatawa lang kasi ang mga tao, panay papuri sabay batikos sa administrasyon. Ok lang naman magluksa at purihin si Pnoy sa mga nagawa niya pero wag nyo ng samahan ng pambabatikos sa administrasyon. Wala namang kinalaman ang administrasyon sa kinamtay nya, bakit kailangan pa isingit? Kailangan may pulitika pa talaga. Walang wala na bang maibabato? Napaghahalataan pa tuloy sila sa agenda nila. Respetuhin sana nila ang pamilyang naulila at yung mismong namtay at wag ng gamitin sa pamumulitika. Kalerkey. Mga desperado na sila. Rest in peace Pnoy.
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