When Benigno S. Aquino III took office as Philippine president on June 30, 2010, almost his first act was to cancel billions of dollars of public-private partnership established by the outgoing Arroyo administration, raising fears that he was taking a sledgehammer to crony contracts for political reasons despite the overwhelming need for infrastructure investment.
'Noynoying,' Slowly, on Philippine Infrastructure
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'Noynoying,' Slowly, on Philippine Infrastructure
When Benigno S. Aquino III took office as Philippine president on June 30, 2010, almost his first act was to cancel billions of dollars of public-private partnership established by the outgoing Arroyo administration, raising fears that he was taking a sledgehammer to crony contracts for political reasons despite the overwhelming need for infrastructure investment.