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The cost of the new Senate building in Fort Bonifacio, Taguig could reach P27 billion, according to an official of the Department of Public Works and Highways .“Aabutin ng P20 to P27 , including the cost of land, plus the inflationary cost kasama na po,” said DPWH Assistant Secretary Antonio Molano Jr. during the continuation of the Senate’s probe on the new Senate building project.
33 billionMolano said the inflationary cost is about 20 to 25%.According to Senate President Francis "Chiz" Escudero, the cost of construction of the building is currently at P23 billion, almost three times the original budget of P9 billion.Cayetano also flagged the budget for the facade or the outer look of the building that was implemented.DPWH project manager Liv Ivory Lindsay Lancion explained the agency opted to go with the P498 million for the facade, instead of the P1.
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