Category: Asia

PRESS RELEASE Philippine government to dismantle Marcos’ nuclear plant

(October 19, 1999) The debt-ridden Philippine government has decided to dismantle and sell the assets of the Bataan nuclear plant. The $2.3-billion (U.S. dollars throughout) plant, a painful reminder of the Ferdinand Marcos regime, costs Filipino taxpayers more than $170,000 a day in interest and accounts for more than 5 per cent of the country’s total debt.