At least we got some roundabout confirmation for the MRV/SSV project (discussed in this thread below)...
What's strange is that, if the first tranche had already been given last year, then this ship is a definite 'go', yet the PN hasn't made any announcement... Is it still due to politics, perhaps?
Payments can be held in escrow until the full amount has been disbursed.
IOW, until all of the money has been released, no amount will actually be
'paid', but that's not how things are most profitably done
A buyer (PH) can avail of a low-interest credit facility offered by the vendor's
'friends'. However, the credit isn't actually released in payment to the vendor
until the whole contract price has been officially-budgeted. Mahirap nang
mag-pautang sa wala namang ipangbabayad (to wit, a full budget). The
actual (PH) budgetary disbursements can be parked in high-yield placements,
the interest earnings potentially outpacing the credit/loan's interest. Again,
until the whole budget has been allocated, or IOW formal commitment to
credit repayment is legislated, the creditor isn't going to release any credit.
Hindi naman siya bobo, e... haha.
The first tranche of the MRV budget could be earning intrest as we speak,
and this is one of the problems when it comes to financed projects in the
absence of a MYOA -- a lust for speculative profit can see 'use' of dormant
budgetary outlays as capital for unrelated investments. If profitable, this
can lead to foot-dragging in project implementation ---kasi kumikita ang
capital. Kapag nagstart ang project, bilang na ang araw ng speculators
(ab)using said capital.
I have every confidence that PN and PMC aren't going to countenance any
such shenanigans. For all my criticism vs. Secy Volts, I doubt he'd stand by
and let speculators run amuck --his early opposition to MRV (and LIFT+MRF)
acquisition seemed to have stemmed from a fundamentally (but honestly)
skewed view of what PH national defense should be all about, and even
THAT can be blamed on what his boss laid out as defense policy, very early
on, aka Oplan Bayanihan.