Rappler
Zaldy Co-linked firm ranks No. 3 in 2024 farm-to-market road projects
Hi-Tone Construction and Development Corporation, a firm linked to former Ako Bicol representative Zaldy Co, ranked third among contractors for farm-to-market road projects in 2024, securing contracts worth over P221 million.
Senator Sherwin Gatchalian revealed this information based on data from the Department of Public Works and Highways.
Gatchalian pointed out that Hi-Tone's high number of awarded contracts and the Bicol Region (Region 5) having the most farm-to-market road projects in 2024 raise suspicions of potential collusion.
The senator highlighted that these projects in Region 5 had a cost of at least P30,000 per meter.
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