Kaban ni D_BystandeR: HUNGAW ANG NAHUNGHONG NGADTO NI GOV. JUN???

Whoever advised Governor Junjun Davide about using PPP Plan to run the Cebu South Bus Terminal (CSBT) is ill-informed about the adverse effects of PPP. I have read a similar case in Chicago Tribune wherein the road construction project funded by PPP had to be financed solely by the concerned city government in the long run as the "private partner" stopped doing its part of the deal when it incurred several "huge overruns" from the original estimate. The private partner would not bother to spend anything anymore to complete the project and abandoned it claiming they have already sustained a "loss" from the  projected estimate so the city government was forced to complete it using government funds to avoid so much trouble and inconvenience to the public. And this is where the PPP problem comes in because what the private partner wants was only to focus on how to maximize their profit with little investment because the state has provided almost all major components of the project to start a business rolling. And this is where the public interest will be compromised. It is good our local private stakeholders voiced out their concern because the governor seems to have misunderstood the use of PPP plan to the detriment of public service.

Footnote: This comment came out in connection with a news item in Metro Cebu News, entitled, "Davide says PPP Plan for South Bus Terminal misunderstood." It came out on March 7, 2015.