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                    [Title] => Croc farm soon up for lease
                    [Summary] => The government is eyeing a 25-year private lease of the crocodile farm in Palawan since it is incurring yearly losses of at least P5 million in managing the facility.


Environment and Natural Resources Undersecretary Armando de Castro said the high cost of operating the crocodile farm in Puerto Princesa City is prompting the government to put it up for bidding to private contractors. 


De Castro said the government is spending P8.5 million a year in managing the farm, which is merely earning between P3 million and P5 million, depending on the number of visitors. 


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ENVIRONMENT AND NATURAL RESOURCES UNDERSECRETARY ARMANDO

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                    [ArticleID] => 304810
                    [Title] => Croc farm soon up for lease
                    [Summary] => The government is eyeing a 25-year private lease of the crocodile farm in Palawan since it is incurring yearly losses of at least P5 million in managing the facility.


Environment and Natural Resources Undersecretary Armando de Castro said the high cost of operating the crocodile farm in Puerto Princesa City is prompting the government to put it up for bidding to private contractors. 


De Castro said the government is spending P8.5 million a year in managing the farm, which is merely earning between P3 million and P5 million, depending on the number of visitors. 


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Croc farm soon up for lease

November 2, 2005 - 12:00am

The government is eyeing a 25-year private lease of the crocodile farm in Palawan since it is incurring yearly losses of at least P5 million in managing the facility. Environment and Natural Resources Undersecretary...

Nation