'Razon's stake in
would have "no effect whatsoever" to government's stance. Razon has invested
The sale happened at a time when
The DOJ secretary is part of the team tasked with revising the contracts, which the President views as heavily favored to the two private water concessionaires and disadvantageous to the public. The government has been preparing the draft contracts that would be offered to the two firms before their 25-year contracts expire in 2022. Guevarra assured the water firms that the draft contracts would be fair and equitable for the benefit of their clientele.
"Inputs on the financial and commercial provisions are now being incorporated in the draft. Once consolidated, we may start discussions with the concessionaires in March," he said.
The draft revisions on the contracts are expected to be completed sometime in June this year.
© Pakistan Press International, source