NOY GOV’T CLAIMS VICTORY, SAYS RULING FAVORS PALACE
Court orders State to pay Piatco
By Benjamin B. Pulta 05/25/2011Government lawyers are claiming a victory of sorts in the ruling of a Pasay court awarding $175.757 million in just compensation to the Philippine International Airport Terminals Co. Inc. (Piatco) for the expropriation of the Ninoy Aquino International Airport (NAIA) Terminal 3.
Solicitor General Jose Anselmo Cadiz described as “generally favorable” the decision of the Pasay City Regional Trial Court but said they will still study the RTC decision on whether to appeal the attendant cost awarded to the contractor.
While the Pasay City court found the government’s $149,448,037 just compensation as “justified and tenable” both in law and in fact, it awarded to Piatco an attendant cost of $26,339,208 or a total of P175,787,245..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20110525hed1.html
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