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[simpleviewer id=10 width=640 height=550] KOBE – When the Great Hanshin-Awaji Earthquake struck on Jan. 17, 1995, this port city in western Japan was devastated in an instant, leaving 6,437 either dead or missing and about $100 billion worth of infrastructures damaged. Today there is not a trace of the tragic event in this city nestled […]
AT LEAST seven in 10 projects funded by Official Development Assistance (ODA) loans have failed to deliver their touted benefits and results, according to a six-month study of project documents conducted by the Philippine Center for Investigative Journalism (PCIJ).
Stories about “white elephants” — grand but unfinished or unused public works projects, such as the Bataan Nuclear Power Plant in the ’80s to the Telepono sa Barangay program in recent years abound. Yet many more ODA-funded projects disappoint, even after completion and roll-out.
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