Recently we wrote a proposal to a potential Investor for the planned settlement effort for some of the victims of tropical cyclone #Haiyan codenamed #Yolanda that are spread out in nine (9) Regions of the Philippines. In a past venture the same Investor approved a fund through the efforts of Centre di Humanes et Societas, Inc. (CDHS) and B.S.T. Switzerland and U.S.A. for the Republic of the Philippines Government with an absolute value of USD 2-Billion at tranches of USD50-Million for a shelter development project in the village called Sampaloc, Municipality of Tanay, Rizal Province in the Philippines.
Over a brief working period in the year 1999 the composite private study group prepared a Project Feasibility Study with inputs being cooperatively provided by the Housing and Urban Development Coordinating Council (HUDCC), then under Chairman Karina Constantino David (left photo) as well as the National Housing Authority (NHA) headed at the time by Atty. Chito M. Cruz (photo at lower right). The government positively evaluated the viability of the project after several consultations with the group of CDHS and agreed to accept the fund support on behalf of the beneficiaries - 150,000 informal settler families in various parts of Metropolitan Manila.
The completed study was submitted to the Investor that then evaluated and made favorable determination to proceed with funding the project. In that year, 1999, a formal Letter of Intent from the Bank to fund the shelter development project was sent to then sitting President, His Excellency Joseph Estrada.
After Pres. Estrada left office, there was no occasion to revive the momentum of the investment partnership with the Investor following the ascendancy of a new government under Her Excellency Gloria Macapagal Arroyo vice His Excellency Jose Marcelo Ejercito or also known as Joseph Estrada. The fund was obtained through representations and negotiations, document submittals and evaluation over a period of less than one year. The formal Letter of Intent was issued on the approval of fund for the Sampaloc, Municipality of Tanay, Rizal Province, Philippines shelter development project by the Agent of the Investor based in the United States of America.
The approved fund, that was more than Philippine Pesos Eighty Billion (PHP80-B) was never utilized under the administration of Pres. Gloria Macapagal Arroyo and the funder's prescription on behalf of the Philippine beneficiaries had to be changed. More > >Images after Yolanda compiled by International Business Times, London
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