A letdown move
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The Philippine International Air Terminals Co. Inc. (Piatco) consortium that built the $500-million Terminal 3 of the Ninoy Aquino International Airport (NAIA) is protesting the Anti-Dummy Act charges the Department of Justice (DoJ) had ordered filed against the consortium.
And for good reason, since the Palace move was clearly a maneuver to further prolong the dispute with the private group, which naturally would result in the Noynoy Aquino still using the airport terminal without compensating the owners of Terminal 3.
The consortium had filed suits for claims on the expropriation of the project with the International Center for Settlement of Investment Dispute (ICSID) in Washington DC and the International Chamber of Commerce in Singapore.
Buying time appears to have been the strategy decided on by the Aquino administration to frustrate efforts to finally settle the dispute or prolong it enough to become the problem of the next administration..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110124com1.html
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