Proposed Senate Resolution No. 618, 13th Congress

Long Title
RESOLUTION DIRECTING THE SENATE COMMITTEE ON FINANCE TO CONDUCT AN INQUIRY, IN AID OF LEGISLATION, INTO THE COMPROMISE AGREEMENT ENTERED INTO BY THE PHILIPPINE NATIONAL CONSTRUCTION CORPORATION (PNCC) WITH RADSTOCK SECURITIES LIMITED, FOR THE PURPOSE OF PROVIDING REMEDIAL LEGISLATION AND POLICY PARAMETERS ON COMPROMISE AGREEMENTS TO PROTECT GOVERNMENT ASSETS AND ENSURE THE JUDICIOUS USE OF GOVERNMENT FUNDS

Administrative Order No. 397, s. 1998

Full Title
WHEREAS, the Construction and Development Corporation of the Philippines (CDCP), now Philippine National Construction Corporation (PNCC), entered into a contract with the Republic of the Philippines represented by the then Department of Public Highways (DPH), now Department of Public Works and Highways (DPWH) dated 20 November 1973 for the construction of the Manila-Cavite Coastal Road and the reclamation of some portions of the foreshore and off-shore lands along Manila Bay at PNCC’s own expense, otherwise known as the Manila-Cavite Coastal Road and Reclamation project (MCCRRP);
Date of Approval
May 13, 1998
President