'Inutang natin ito': PH got P11-B loan for SEA Games hosting, says Drilon


Posted at Nov 21 2019 03:23 PM | Updated as of Nov 21 2019 05:18 PM

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MANILA - Construction of the facilities at the New Clark City in Tarlac for the staging of the 30th Southeast Asian Games had been financed by borrowing, Senate Minority Leader Franklin Drilon said Thursday. 

"We are incurring a loan here. Inutang natin ito from a Malaysian firm payable in 5-years time at P2.2 billion per year so a total of P11 billion," Drilon said on ANC's Headstart.

Drilon clarified he is not against the staging of the games in the country but raised questions about its propriety especially since the Philippines has a deficit of P624 billion this year.

"I repeat, we have a deficit of P624 billion and P10 billion of that will be because of the facilities that we build," he said. 

Drilon also stressed that they are taking this up now in the course of the debates on the budget of the Bases Conversation Development Authority (BCDA).

"So it's not as if we bring it out only now," he said. He likewise reminded that the budget is not BCDA's but is the money of the Filipino people.

"Will you luxuriously spend it or spend it in a manner that will bring the same prestige to our country but at lesser cost to our country," he asked.

Drilon earlier questioned the construction of a P50 million cauldron at the New Clark City which would be used at the opening ceremony of the SEA Games.

"They built the caldero in Clark, in the sports stadium but the opening will be in Bulacan, 90 kilometers away. What the athletes will see in Bulacan where the opening will be is a TV screen with the caldero being lighted," he said.

Drilon said the Senate would conduct an investigation after the SEA Games.

"We don't want to conduct the investigation now. We will look at every angle. We will look at whether or not there is propriety, whether there is luxury, whether there is graft and corruption," he said.