Ben D. Kritz

AS my fellow Manila Times columnist Rigoberto Tiglao revealed yesterday, on January 23 the World Bank’s International Center for the Settlement of Investment Disputes (ICSID) ruled that the November 2011 cancellation by then-president Benigno Aquino 3rd of the P18 billion Laguna Lake Rehabilitation Project (LLRP) was improper, and ordered the Philippine government to compensate the Belgian dredging firm Baagerwerken Decloedt En Zoon (BDZ) P800 million plus interest costs.

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