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Iligan reduces its loan by P8m from govt bank: administrator

By Nora Sorino
Iligan City Bureau Chief .

Iligan city administrator Leo Zaragoza on Thursday said that the city government has reduced the amount of the loan it is taking from a government bank.

Zaragoza said from the original amount of P415 million, it is now down to P407 million.

According to Zaragoza, the amount is for the purchase of heavy equipment like bulldozer, backhoe, grader, etc. and which the city needs badly.

“The other equipment too are reduced by P1 million, thus the reduction too of the total loan amount from the Development Bank of the Philippines,” said Zaragoza.

The administrator even revealed some “attempted bribery” of some suppliers of which he did not name by saying that at least  2 suppliers said that that there would be some “special arrangements.”

Zaragoza did not elaborate as he just told to suppliers “not to make pigs of them who have to be feed” which he said in Cebuano, because there are “no pigs here.”

He said membership of the Bids and Awards Committee has been reconstituted.

Last March 28, the city had invited media to a forum regarding some procedures in procurement of supplies, equipment and other things which the city needs in the wake of reports and corruption allegations, articulated on air, in  Facebook and in other medium, obviously in an attempt to send a message of transparency from here on regarding the city’s transactions.

The city has a P2.1 billion budget for 2019, but it still has to secure a loan by that amount which is already approved in its original amount of P415 million from DBP.  

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