Northrail delay costs $20 M a year
ABS CBN (Free subscription) | 07/19/2008
By AUREA CALICAThe Philippine StarThe Philippines is paying China roughly more than $20 million every year as a "commitment fee," representing two percent of the $1.008-billion loan for the suspended Northrail project. The amount is on top of the P1-million daily interest the country is paying.This was revealed by national broadband network (NBN) whistleblower Rodolfo Noel Lozada Jr....
















