MANILA - Lawmakers on Sunday backed the proposal of the country's top diplomat to terminate projects of Chinese firms involved in West Philippine Sea reclamation projects.
MANILA - Lawmakers on Sunday backed the proposal of the country's top diplomat to terminate projects of Chinese firms involved in West Philippine Sea reclamation projects.
"This move should also include the Chinese companies involved in onerous deals like the Kaliwa Dam and Chico Dam projects, which will only bury the country to a debt quicksand," Zarate and Bayan Muna chairman Neri Colmenares added. The legality of the Chico Dam project, a $62-million loan from China, has been questioned before the Supreme Court as it may allegedly cause the seizure of Philippine assets in the South China Sea if Manila reneged on payment for the project.
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