Author Topic: Sa Mailad Lang (An Editorial of the Bohol Chronicle)  (Read 777 times)

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Sa Mailad Lang (An Editorial of the Bohol Chronicle)
« on: February 15, 2010, 11:49:32 AM »
Sa Mailad Lang
February 14, 2010 Editorial of the Bohol Chronicle

Mathematics is an exact science, unlike economics, and calculators were invented to help man make use of numbers logically.

Kudos to Kagawad Djingo Rama and woe to the city residents of Tagbilaran.

Using his calculator, computer, laptop, abacus or whatever, the feisty legislator gave one more reason why the scandalous P100-million City Road Rehabilitation should be stopped dead on its tracks before more damage is done.

Based on the second P50-million city loan from the Development Bank of the Philippines and using the P300 price per cubic meter (supplier quotation) of limestone (anapog) which the City Mayor and his cohorts in the SP want to cover the city roads with, that would translate into a Ripley's-setting of 138,889 cubic meters of anapog requiring over 9,000 truckload deliveries.

Rama says that would cover 578 kilometers of road (based on a 6-meter wide model). Given the limited road network of Tagbilaran City, all that anapog will actually cover all the streets- erasing from view all houses and buildings in the city and leave by its lonesome the tall tower belfry of the St. Jospeh Cathedral - a monument of the city's woes and the symbol of whose gain?

Wonder for whom the bells will toll from there?

City residents should therefore, in a state of sarcastic ridicule, apply for transfer to big towns like Jagna, Ubay or Carmen for this "genius of a project" of the City Mayor would plunge the poor city into extinction. That would also raise from his grave - former Mayor the late Venancio Inting, upon whose incumbency Tagbilaran was into a chartered city turned.

It was perhaps providential, that Vice Mayor Toto Veloso rightfully adjourned the SP session last Friday because ramming the approval of the supplemental budget to cover the second half of the P100-million Road Loan would have been violative of the Local Government Code.

Without a committee report and the absence of the Accomplishment Report of the first P50-million tranche and a detailed Program of Works required for the second - it would have been a trap for the Minority to tango with the "designs" of the mayor ( with apologies to the author of the book "Waltzing with the Dictator" a.k.a. Marcos).

In a magnificent display of parliamentary courage, Veloso finally said "No mas, No mas" (apoloigies to boxer Robert Duran, a titan in the favorite sport of the City Mayor) - to this business of railroading funds to City Hall without transparency and common decency - as he banged the gavel for adjournment.

The city residents' signature campaign to back the Vice Mayor's letter-manifesto to DBP will be a form of "people power" out to thwart the importunings of fiscal mischief of the majority, under the baton of the City Mayor.

Make no mistake about it, a P100-million loan is not just a piece of paper. This new round of borrowings, as every banker knows, raises the so-called Liquidity and Solvency ratios of the city - which could have negative implications on the city's future ability to borrow.

Further, since these LGU borrowings are normally earmarked against future IRA due to the city, such source of "guaranty" will no longer be available for future more worthwhile projects than this potential "Anapog Scam" in the making.

We are sure, DBP President and CEO Reynaldo David, a seasoned banker of many summers, will not allow DBP to be a party to a less transparent LGU lending. David, who was Citibank's first Filipino vice president (70s) and who gave DBP a huge profit last year (in billions), will not brook any step that blurs DBP's role as a purely "developmental bank".

For instance, in a private lending scenario, DBP would not release the second tranche of a building loan unless the borrower shows "Progress Billings" - on where the first tranche went. But that is exactly what the minority in the SP is asking for and DBP should be wary why such a Progress Report not be made available to city taxpayers who will eventually pay for City Hall's P100-million loan.

So we do not wonder why the City is up in arms.

If the City Mayor dearly loved to rehabilitate the city's God-forsaken roads, why wait for the "last two minutes" of his second term - after six years of contemplating his love for roads and streets? How sure, is he, that the anapog route is what his successor wants for the city road network in July? Or is he scared, he won't be around anyway to implement the road project in full after May's elections? So make hay while the sun is shining?

A wide majority of city residents interviewed over Radyo Merkado "live" yesterday fear that the "indecent haste" of the P100-million project is a fund raising venture for the election usage. Given the questionable record of the City Mayor in the Gallares Street makeover, do you blame Juan de la Cruz, Maria Clara and their children to be thus so wary?

Truly, the city is fed up with this sinister machination and tyranny of numbers route of the present City Government in opening the cash faucets.

Meantime, the bark dogs and their Principal, over the radio - echo scripted praises and paid callers comments to mark the so-called achievements of City Hall.

"Sa Ma-ilad Lang" is all we can say.

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