Author Topic: Ft. Bonifacio: Lease, not sell  (Read 440 times)

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Ft. Bonifacio: Lease, not sell
« on: October 07, 2017, 04:52:03 PM »
Duterte to Army: Lease lands, move to Clark
By: Philip C. Tubeza - @inquirerdotnetPhilippine Daily Inquirer / 07:09 AM October 07, 2017

President Duterte with Defense Secretary Delfin Lorenzana at the Army headquarters in Fort Bonifacio—JOAN BONDOC

President Duterte on Thursday urged the military to lease out its remaining lands in Fort Bonifacio, Taguig City, to raise more funds for its modernization program.

Mr. Duterte said leasing out military land in Fort Bonifacio—the location of the headquarters of the Philippine Army and the Philippine Marines, as well as Bonifacio Naval Station—would raise “trillions” of pesos for the Armed Forces.

“This is not for sale like the others. No. No. Just lease (them out), 50 years, and you have the income,” the President said in a speech in Fort Bonifacio.

“So, aside from the regular annual budgetary needs that you have, you’d have your own wish list (like) what’s the ideal helicopters, for example. You know that’s very important in the insertion of troops right now in Mindanao,” he said.

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Read more: http://newsinfo.inquirer.net/936222/philippine-news-updates-army-president-duterte-fort-bonifacio#ixzz4uryAQhIJ
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