IBON: Davao businessmen may be benefiting from Duterte admin’s infra program

Features Philippines Aug 9, 2019 at 2:34 pm
Bong Go

Bong Go

By IBON Media

Amid government hype of its Build, Build, Build program, research group IBON noted that there has been a conspicuous increase in public infrastructure spending in the Davao region that seems to have favored Davao-based businessmen. The group observed that close allies of the president have benefited from the government spending surge by clinching a number of contracts.

IBON cited data from the Philippine Statistics Authority (PSA)  showing that the gross value of public construction in the Davao Region increased by 17.6% from 2016-2017. The region had the highest increase of gross value in public construction among other regions during the same period.

Among the Davao-based businessmen is the family of former Special Assistant to the President and newly-elected Senator Bong Go who through CLTG builders secured 20 contracts in 2017 for road networks in Davao, said the group. These were worth around Php3 billion in solo projects and joint ventures. In 2018, CLTG Builders also bagged Php116 million worth of projects in Davao. CLTG builders is owned by Bong Go’s father, Desiderio Go.

(Read story…)