CEBU CITY, Philippines -- The Commission on Audit (COA) has told airport officials of the Mactan-Cebu International Airport (MCIA) to explain discrepancies they found on the Runway Overlay
MCIA /CDN File Photo
As a result, the state auditing body instructed MCIAA to shed light on the overstatement and erroneous cost, otherwise, they will have to direct all contractors that undertook the project to return funds amounting to a total of P12.8 million. In MCIAA’s case, state auditors pointed out the difference in costs found between the COA Technical Report and MCIAA’s Accomplishment Report.
MCIAA, in response, requested COA to furnish them the full COA Technical Inspection Report which the state auditors said ‘forms part of the Audit Team’s internal documents for audit purposes’. “It is well to stress that the fund allocation towards the support equipment is an essential part of the successful implementation of the project. The allocation of a separate budget for the equipment designated to be for the whole project enables definite and concrete insurance for the entirety of the project in case of bog downs,” MCIAA explained.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Face the people first,' group tells Dumaguete mayor over reclamation project
Read more »
Despite opposition, Dumaguete councilors grant authority requests for reclamationThe city council accedes despite resistance from residents, environmental groups, scientists, academics, the religious sector, civil society, and even provincial officials
Read more »
DOST umaaray sa maliit na pondo sa research, development projectsSabi ni Science Secretary Fortunato Dela Peña sa naging online forum ng Federation of Filipino Chinese Chambers of Commerce & Industry Inc., wala pa sa benchmark na itinakda ng UNESCO ang pondong naibibigay dapat sa mga proyekto ng kagawaran.
Read more »
![[ANALYSIS] A tale of two countries during COVID-19](https://i.headtopics.com/images/2021/7/18/rapplerdotcom/analysis-a-tale-of-two-countries-during-covid-19-1416512013166125060.webp?w=640)
[ANALYSIS] A tale of two countries during COVID-19'[T]here are at least three major health system challenges that the two countries share which could partially explain the inadequate, ineffective, and delayed response to the pandemic'
Read more »
'An underwater tomb’: Dumaguete reclamation would be a monumental ecological disaster - scientistThe proposed 174 hectare reclamation project in Dumaguete City is going to cause massive ecological damage and may affect the livelihood of fisherfolks, an ecologist said on Friday.
Read more »
What’s a suborbital flight? An aerospace engineer explainsIf a spacecraft – or anything else, for that matter – reaches a speed of 17,500 mph (28,000 km/h) or more, instead of falling back to the ground, it will continuously fall around the Earth.
Read more »