News Column

Philippines : Lawmakers move to finance the Mindanao Railway System

July 15, 2014



Mindanao lawmakers have a practical way to finance the first phase of the proposed Mindanao Railway System (MRS) Project.

Rep. Rufus Rodriguez and his brother, Abante Mindanao Rep. Maximo Rodrgiuez are pushing for the enactment of HB 4059 which would earmark and appropriate the proceeds of the privatization and sale of the old Lumbia Airport in Cagayan de Oro City to finance the MRS project.

"With the opening of the Laguindingan International Airport in Laguindingan, Misamis Oriental in June last year, the old Lumbia Airport is not being used anymore," the Rodriguez brothers revealed.

The authors noted reports that the Lumbia Airport will be privatized through a public process in accordance with Executive Order No. 323, which covers the rules on the government's privatization program.

"This has been confirmed by the Department of Transportation and Communication," Rodriguez added.

The authors also recalled statements by the Department of Transportation and Communication (DOTC) that the proceeds of the privatization of the old Lumbia Airport in Cagayan de Oro City can be used to finance other government infrastructure programs.

The MRS project is one of the more notable and impact projects of government for Mindanao from Cagayan de Oro City to Iligan City and passing through the modern Laguindingan International Airport.

"It stands to reason therefore that the proceeds of the privatization of the old Lumbia Airport be devoted exclusively to finance the Cagayan de Oro-Iligan Railway project," the authors argued.

HB 4059 has been pending with the House Committee on Transportation since March 10, 2014. Congress opens its second regular session in July when the President delivers his annual State of the Nation Address (SONA) before a joint session of the 16th Congress.


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Source: TendersInfo (India)


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