The President of the Republic warned all the senators who were behind the controversial and "onerous" contract signed in 2017 with water concessionaires, Maynilad and Manila Water that they would face cases for economic sabotage.
READ: Duterte calls out Maynilad, Manila Water for ‘Economic Sabotage’
President Rody Duterte couldn't hide his disappointment after he was informed by some reliable sources from the government about the water contract signed by the Philippine government with the Manila Water Co. and Maynilad Water Services.
According to the President's revelations, the contract between the government and water concessionaire companies required the government to pay fines if ever the water companies losses profit or the administration interfered with them.
READ: Manila Water Open to Compromise with Gov't for ₱7.4-Billion Refund
President Duterte was quoted as saying "Pumasok tayo sa kontrata na distributor lang sila, but they were treating as if it was a mining gold or diamond, ang kontrata ay napaka tagilid na tagilid,” Duterte said.
“Because if they fail to realize the profit during the lifetime of the contract or in any period, babayad tayo nalugi nila, anak ng,” he added.
READ: Duterte Threatens Water Firms: I Will Arrest You
The former Mayor of Davao City also pointed out that his administration cannot do anything to lower or increase the rates of the water in Metro Manila and nearby provinces because of the said "onerous" contract.
Just recently, an International Court ordered the Philippine government under Duterte to pay P7.4 billion to Manila Water to cover the four-year losses of the company from the year 2015-2019.
President Duterte also plans to reveal all the politicians who favored the said contract and file a case against them in the Supreme Court for "Economic Sabotage."
“Lahat silang mga… patikim ko sila paano ang buhay ng preso. Kung pati ako isasali nila, sasali ako doon sa presuhan, walang problema ‘yan. Walang mawala sa akin,” Duterte stated.
READ: Duterte to Drilon: ‘Tell the truth’ about Manila Water, Maynilad contracts
President Duterte said that the he already tasked the Office of the Solicitor General (OSG) to make a new contract and asked the water companies to sign it or else face charges.
WATCH HOW PRESIDENT DUTERTE EXPOSED THE SENATORS:
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This article first appeared on PhilNews.xyz.
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