HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS BANKING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  •  
    WB approves NRIMP 2; imposes
    measures vs corruption, collusion
     
    By Cai U. Ordinario
    Reporter
     

    THE World Bank board of directors has “unanimously” approved the National Roads Improvement and Management Project Phase 2, or NRIMP 2, and imposed several anticorruption measures to ensure that the projected is shielded from corrupt and colluding people.

    Upon recommendation of bank president Robert Zoellick last November, the World Bank board held from stamping a seal of approval in favor of the project.

    “Not only has the project been approved, but that it was approved unanimously,” the bank’s country director for the Philippines Bert Hoffman said during a joint World Bank-Philippine government briefing in Makati City’s financial district Wednesday.

    World Bank president Zoellick is impressed with the government of the Philippines’ commitment to the roads project, he added.

    “The World Bank board approval of this project is a reflection of their confidence in the Philippine government’s commitment to carry out road-sector reforms. We believe that greater accountability and transparency in government infrastructure projects which are strengthened in NRIMP2 are necessary to ensure the efficient use of public resources and bring greater benefits to our people,” Finance Secretary Margarito Teves said.

    To implement measures designed to keep the project from corruption and collusion, the bank also approved a provisional $232 million worth of loan to the Philippine government for the NRIMP 2.

    The measures include an independent procurement evaluator to increase transparency in the bidding process; strengthening of audit controls; and the creation of Road Watch or Bantay Lansangan, which will serve as the independent project-evaluation group composed of civil-society members headed by Transparency and Accountability Network head Vince Lazatin.

    “Aside from government agencies like the Presidential Antigraft Commission, National Economic and Development Authority [Neda], Department of Justice, Department of Budget and Management and the Department of the Interior and Local Government, civil-society groups are very much a part of this group. They also have the responsibility to monitor government projects,” Budget Secretary Rolando Andaya said during the briefing.

    Meanwhile, the World Bank Department of Institutional Integrity (INT) report on the alleged bid-rigging in the NRIMP 1 has already been referred to the national government and the bank’s evaluation and suspension officer, who is in the process of determining whether the report warrants the imposition of sanctions on the firms involved.

    Teves assured that part of the other anticorruption measures is the doubling of the budget for the Office of the Ombudsman to strengthen its capability to go after responsible individuals. This is, Teves said, one of the reasons why the country recently became eligible for higher funding from the Millennium Challenge Corp. (MCC).

    Hoffman added that any firm “implicated” in “bid-rigging” for the first phase of the NRIMP is no longer allowed to participate in the second phase.

    Hoffman also said the bank’s sanctions board is already in the process of determining sanctions for those involved in the alleged bid-rigging in the project.

    “The bank’s internal sanctions process is confidential, as firms and individuals are considered innocent until the bank’s sanctions board has reviewed the evidence and made a final decision on the case. Bank management has taken the decision that we will publish the sanctions that are the final results of fraud and corruption investigations in a timely, consistent and fair fashion, balanced by the need to respect due process and not to compromise ongoing investigations and legal processes,” the bank said in a brief.

    To date, the bank has blacklisted more than 340 companies proven to have been engaged in wrongdoing with other bank-financed contracts.

    On the other hand, Andaya said that for the second phase of the NRIMP, the World Bank has agreed to implement the country’s rules on national competitive bidding, or NCB.

    Hoffman said the use of the NCB is a first for the bank, and that the board is eagerly anticipating the outcome of these efforts. He said using the NCB would impact even the bank’s rules for projects in other countries.

    Earlier, the bank’s senior infrastructure specialist for infrastructure cluster Ben Eijbergen told the BusinessMirror that the reason the bank continues to be involved in the project is because of the reforms set in place by Manila. In his unit’s report, the bank said corruption has been a major threat to the efficiency of the project.

    “We know what we want and we know what we want to do. We have put a lot of efforts and money into improving and upgrading systems and strengthening the operation system of the implementing agency. However, there is still a lot of work to be done,” Eijbergen told the BusinessMirror.

    Eijbergen added that bidding for the NRIMP 2 would be based on the bank’s procurement rules. No other changes had been made on the loan amount and other project details.

    OTHER STORIES
    WB approves NRIMP 2; imposes measures vs corruption, collusion

    THE World Bank board of directors has “unanimously” approved the National Roads Improvement and Management Project Phase 2, or NRIMP 2, and imposed several anticorruption measures to ensure that the projected is shielded from corrupt and colluding people.

    read more

    AsiaTrust, in need of fresh capital, is for sale

    ASIA Trust Development Bank, a thrift bank whose shareholders include the two state-owned pension funds and the Asian Development Bank, is for sale.

    read more

    RP may borrow $500M abroad

    THE government bared on Wednesday the likelihood of increasing its foreign borrowings this year to its original plan of $1 billion.

    The amount was previously halved to $500 million on account of low interest rates in the country.

    read more

    Peso plunges to P42.855 per dollar

    THE peso yesterday extended its plunge, falling 19 centavos from the previous day’s close, after jitters set in following reports of low returns in local equities and low volume of overseas remittances, currency traders said.

    read more

    Microlenders’ loan portfolio reaches P6B in less than 10 yrs

    FROM a handful of microlenders whose loan outstanding was a few million pesos in 2000, the number of microlending institutions today have swelled past 200 and their loan portfolio has reached P6 billion.

    read more

    BSP shelves 2-ID rule

    THE Bangko Sentral ng Pilipinas (BSP) has eased the rule on proof of identity and cut the number of ID cards that clients must show from the mandatory two to one.

    read more