Gov't takes over NAIA-3 (State initiates expropriation proceedings to

Officials, however, clarified that the P3 billion was not the actual amount to be paid to Philippine International Air Terminals Co. or PIATCo, which built Terminal 3 with German partner Fraport AG. Government officials in the ad-hoc policy team tasked to deal with the Terminal 3 mess are Transporta...

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Bibliographic Details
Published in:Business world (San Juan, Philippines) Philippines), 2004-12, p.1
Main Author: Felipe F. Salvosa II with Anna Barbara L. Lorenzo
Format: Article
Language:English
Subjects:
Airports
Arbitration
Aviation
Business community
Petitions
Public interest
State court decisions
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Summary:Officials, however, clarified that the P3 billion was not the actual amount to be paid to Philippine International Air Terminals Co. or PIATCo, which built Terminal 3 with German partner Fraport AG. Government officials in the ad-hoc policy team tasked to deal with the Terminal 3 mess are Transportation Secretary Leandro R. Mendoza, Executive Secretary Eduardo Ermita, Mr. [Purisima], and Chief Presidential Legal Counsel Merceditas Gutierrez. Terminal 3 will become NAIA's main terminal serving international flights. The current international terminal, NAIA Terminal 1, will be closed. Terminal 2 or the Centennial Terminal will become Manila's domestic terminal, in accordance with the original plan agreed upon with the Japanese government, which funded its construction.
ISSN:0116-3930