BIZ BUZZ: Probe spooks DPWH contractors

The ongoing investigation into corruption-ridden flood control projects has apparently spooked contractors of the Department of Public Works and Highways (DPWH), even those who are not involved in any way, shape or form in similar undertakings.

As a result, infrastructure projects have apparently been stuck in limbo, with no sign of being unstuck soon, as the new public works chief has begun his own campaign to clean up the agency.

Biz Buzz learned that the probe on the widespread irregularities in flood projects has prompted other contractors to stop or partially halt their operations.

This, as they feel the need to preserve funds since receivables from the DPWH have been steadily mounting, and they do not know when they will get paid.

Playing it safe, some banks are also said to have put the brakes on new loan releases linked to flood control projects until the fluid situation stabilizes. New DPWH Secretary Vince Dizon has launched a cleanup drive in the agency and has ordered all officials, down to the district level, to submit their courtesy resignations.

Dizon, who also led the transportation department, said the move was in response to President Marcos’ mandate to “clean up the DPWH.”

See Also

Ayala buys out Anscor in iPeople for P351M

“There would be no such projects if there were no accomplices inside the DPWH…,” he said at a Palace briefing.

Filipinos, including some celebrities, have turned to social media to express their fury following severe and widespread flooding, even in areas thought to be free from the scourge.