Philippines exceeds spending for ODA projects

The Philippine government had to pay an extra USD727.2 million to implement 19 foreign donor-assisted projects in 2007. The National Economic and Development Authority (NEDA) ascribed the overruns to expensive bids and consultancy services, supplementary civil works, fees for rights-of-way and land acquisitions, currency-rate fluctuations, additional administrative costs and claims for price hikes. The said projects received funding from the Japan Bank for International Cooperation, the World Bank, and the governments fo China and South Korea. (Source: RP incurs P31B in cost overruns for projects/Manila Times)

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