Penny wise but pound foolish
| FRONTLINE |
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| Ninez Cacho-Olivares |
Mar Roxas, the new Transport and Communications chief whom Noynoy says will be his “voice,” and who has been given charge of the public-private partnership projects, may not know it, but he and Noynoy just killed the chances of the PPP projects getting off the ground, when he announced that he will not have government pay the Philippine International Airport Terminals Corp. (Piatco), the consortium that built the Ninoy Aquino International Airport Terminal 3 ( NAIA-3) more than what the Pasay City Regional Trial Court judge said was “just compensation” pegged at some $143 million.
He also said that Terminal 3 (T3) will be operating at full capacity this year, if not next year..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110609com2.html
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