From Philippine Update (Nov 3): Military lands joint ventures will fund modernization, pension – government
The government is planning to undertake joint ventures with private companies to develop military real properties to earn additional income for the modernization and increasing pension expenses of the armed forces.
Finance Secretary Carlos G. Dominguez III said that the military has a huge portfolio of real properties.
“I think they own close to 200,000 hectares of land. Not all prime but they have large camps. If you go to Fort Magsaysay, that’s 40,000 hectares. There is a big one also in Bukidnon,” Secretary Dominguez said.
“Our idea is really not to sell, our idea is going to some kind of joint venture, so that there is continuing value that will be received by the Treasury,” he added.
In early October, President Rodrigo Duterte urged the military lease lands that are not being used.
“‘Yung lahat kikitain ninyo diretso sa inyo,” the President said. “At gawain ninyo ang gusto ninyong gawin to modernize. Pera ‘yan. Malaking pera ‘yan. Just start to lease here sa mga – Billion, trillion ito.”
https://www.update.ph/2017/11/military-lands-joint-ventures-will-fund-modernization-pension-government/22250
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.