NewsWhore
09-14-2006, 04:40 PM
Public Works Minister Freddy Perez spoke up in favor a US$98.6 million loan for re-equipping the department with the assistance of The Sun Land Corporation, the same controversial company that pushed for a returned US$119 million loan to equip the Police. The Police loan turned into a scandal, primarily due to the high commissions and overpricing of the equipment that was to be purchased with commercial bank lending and the guarantee of the US export agency, US Eximbank. Clave newspaper explains that the loan did not go through this time around because the International Monetary Fund ceiling on borrowing led it to be vetoed by the Ministry of Finance.
As in the case of the police equipment loan, the Ministry of Public Works loan called for the purchase of equipment without specifying any makes, models or prices.
More... (http://www.dr1.com/index.html#5)
As in the case of the police equipment loan, the Ministry of Public Works loan called for the purchase of equipment without specifying any makes, models or prices.
More... (http://www.dr1.com/index.html#5)