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Noynoy: NAIA-3 row to be resolved legally By Aytch S. de la Cruz 01/07/2011

Friday, January 7, 2011

CORRUPTION STILL AN ISSUE IN COMPENSATION

Noynoy: NAIA-3 row to be resolved legally

By Aytch S. de la Cruz 01/07/2011
No out of court settlement on the airport Terminal 3 row appears to be forthcoming, as President Aquino is of the belief that corruption and other irregularities took place in the construction of the Ninoy Aquino International Airport Terminal 3 (NAIA-3), whose builder was the Philippine International Air Terminals Co. (Piatco), a consortium with its major German partner, Frankfurt Airport Services Worldwide (Fraport AG).

He also stated that the consortium’s compensation demand is “overpriced” while giving out broad hints that holding dialogs with the Germans, through their ambassador in Manila, is a waste of time, as dialogs apparently were already being held prior to the report of the Washington-based ICSID ad hoc committee which resolved to annul the earlier ICSID ruling that said the panel did not have jurisdiction over the Fraport suit against the Philippine government.

Aquino also said that he prefers to have the NAIA-3 row settled legally, which means a long court case, both here and abroad.

Continuing with the court cases, especially those abroad would entail continued payment of reported exorbitant legal fees charged by both the Philippine lawyers, as well as their American counterparts..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110107hed1.html

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