Binay clarifies NSB cost, says actual construction price lower than reported

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Senator Nancy Binay disputed recent claims regarding the cost of constructing the New Senate Building . Contrary to the P23.3 billion figure cited by her successor, Senator Alan Peter Cayetano, Binay asserts that the true contract price for the NSB stands at P8.9 billion.

She emphasized she has yet to have a direct discussion with Cayetano about the ongoing construction and believes that an open dialogue would be more productive. She highlighted that the land acquisition for the NSB, costing P1.6 billion and being paid on an installment basis, might have been mistakenly included in Cayetano’s construction cost estimate.

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MlaStandard /  🏆 20. in PH

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