i read the original proposal in the papers somewhere (kasi may graft and corruption as usual).

that kewl Iveco engine will cost the jeepney driver a staggering 250,000 petot

of course part of the whole scheme is that it will be financed via some foreign bank, so the tsuper doesn't have to cough up the 250,000 in one go. i think it's five years or whatnot.

iveco is a very reputable truck manufacturing company, they are the leader in Europe, ahead of volvo. but the cost is staggering...