Binay daughter blames China for Makati Bldg price

Posted at Sep 01 2014 07:11 PM | Updated as of Sep 02 2014 03:11 AM

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MANILA - What does China have to do with the alleged overpricing of the P2.2 billion Makati City Hall Building 2 project?

According to Makati Congresswoman Abigail Binay, the high price of construction for the building was brought on by an increase in steel prices due to a construction boom in China in time for the 2008 Beijing Olympics.

"You also have to remember the time it was built. Yun yung time na there was so much high demand on steel because China was buying all the steel because they were building for the Beijing Olympics," she told ANC's Headstart.

The Binays have come under fire over the building projects, which critics said could have been the source of massive kickbacks.

Vice-President Jejomar Binay, Makati Mayor Junjun Binay and other Makati officials are facing a plunder complaint over the alleged overpricing of the P2.2 billion building.

Former Makati Vice-Mayor Ernesto Mercado earlier revealed that he pocketed kickbacks during Phases 1 and 2 of the construction of the building, and said the current vice-president also got kickbacks when he was still mayor of Makati.

For her part, the Makati congresswoman said comparing the price of construction of Makati City Hall building 2 to other luxury condominiums is not an "apples-to-apples" comparison.

She noted that the building project underwent 10 COA audits per phase including contract reviews and technical review.

"Yung technical audit ay galing sa central office...Hindi yan galing sa resident COA," she said.

She added: "I think you have to give credit naman dun sa ating mga COA auditors that they did their job."

In the interview, Binay admitted that the issue with the alleged overpricing is the only thing that is bothering her other than being "unfriended" on Facebook by Taguig Mayor Lani Cayetano.

"Other nang na-unfriend ako, yun na lang," she told Headstart host Karen Davila.

ANC HEADSTART, September 1, 2014