{"id":835650,"date":"2016-10-28T17:32:46","date_gmt":"2016-10-28T09:32:46","guid":{"rendered":"https:\/\/newsinfo.inquirer.net\/?p=835650"},"modified":"2016-10-28T17:41:07","modified_gmt":"2016-10-28T09:41:07","slug":"no-contracts-just-mous-with-chinese-firms-palace","status":"publish","type":"post","link":"https:\/\/newsinfo.inquirer.net\/835650\/no-contracts-just-mous-with-chinese-firms-palace","title":{"rendered":"No contracts, just MOUs with Chinese firms\u2014Palace"},"content":{"rendered":"
\"Presidential<\/a>

Presidential spokesperson Ernesto Abella. JOAN BONDOC\/INQUIRER FILE PHOTO<\/p><\/div>\n

Malaca\u00f1ang\u00a0on Friday\u00a0said the government did not enter into contracts with a Chinese company banned by the World Bank and a dredging firm that Beijing reportedly used for reclamation activities in the disputed Spratly Islands.<\/p>\n

Presidential Spokesperson Ernesto Abella said that that the government only has memorandums of understanding (MOUs) with these Chinese companies for feasibility studies.<\/p>\n

\u201cThose are simply understandings that they can submit feasibility studies which is still be subject to public biddings and the necessary processes. So these are not necessarily contracts or commitments to contract,\u201d Abella told reporters in a press briefing.<\/p>\n

In an Inquirer article, it was reported that China Road and Bridge Corp. (CRBC)\u00a0and China Communication Construction Co. (CCCC) Ltd. bagged big-ticket infrastructure projects in the Philippines after President Rodrigo Duterte\u2019s state visit to China.<\/p>\n

READ:\u00a0Chinese company banned by World Bank bags PH infrastructure project<\/a><\/h4>\n

In an earlier statement sent to the Inquirer, Bases Conversion and Development Authority (BCDA) president and CEO Vince Dizon said that no contracts were signed between the government and the Chinese companies. Dizon said these were mere MOUs.<\/p>\n

READ:\u00a0Just memos, contract, with Chinese firm, says BCDA<\/a><\/h4>\n

\u201cIt is by no means an award of the contract \u2026 We are very far from that point in the process, we are only at Step 1\u2014the feasibility study\u2014and to make an assertion that the project has already been \u2018bagged\u2019 or awarded to a company is completely false and irresponsible,\u201d he said.<\/p>\n

During the President\u2019s visit to China last week, the Duterte administration was able to secure $24 billion worth of investment and credit line pledges. RAM\/rga<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Malaca\u00f1ang on Friday said the government did not enter into contracts with a Chinese company banned by the World Bank and a dredging firm that Beijing reportedly used for reclamation activities in the disputed Spratly Islands.<\/p>\n","protected":false},"author":1042,"featured_media":823558,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,45],"tags":[1607,2371,1987,190363],"byline":[115845],"source":[206075],"column":[],"editor":[169886],"videographer":[],"position":[],"acf":[],"yoast_head":"\nNo contracts, just MOUs with Chinese firms\u2014Palace | Inquirer 黑料社<\/title>\n<meta name=\"description\" content=\"Malaca\u00f1ang on Friday said the government did not enter into contracts with a Chinese company banned by the World Bank and a dredging firm that Beijing reportedly used for reclamation activities in the disputed Spratly Islands.\" \/>\n<meta name=\"robots\" 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