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Fraport seen keen on negotiating with PH over Naia 3 row

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The government is considering entering into negotiations with German airport operator Fraport AG that could lead to the settlement of a decade-long issue—now with an international court—over the latter’s investment in the Ninoy Aquino International Airport Terminal 3.

Posted: October 17th, 2013 in Headlines | Read More »

Gov’t appeals court order on Naia 3 payment

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Ninoy Aquino International Airport Terminal 3. PHOTO BY RICK ALBERTO / INQUIRER.net

The Aquino administration has decided to appeal a decision by the Court of Appeals last July ordering the government to pay the builder of the Ninoy Aquino International Airport (Naia) Terminal 3 more than double the amount previously required.

Posted: September 9th, 2013 in Latest Business Stories | Read More »

Pay Piatco now, Aquino urged

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Sen. Antonio Trillanes IV INQUIRER FILE PHOTO

An ally of President Benigno Aquino III has called on the administration to immediately comply with the Court of Appeals ruling ordering the government to pay the builder of Ninoy Aquino Intenational Airport Terminal 3 (Naia 3) P16.2 billion ($371,426,668) as “just compensation” for the expropriation of the airport terminal.

Posted: August 10th, 2013 in Latest Business Stories | Read More »

PH, Germany ‘optimistic’ about resolution to Naia 3 dispute

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Foreign ministers of the Philippines and Germany on Thursday expressed their optimism for a “just and expeditious” resolution to the Fraport-Ninoy Aquino International Airport (Naia) Terminal 3 case, saying that the dispute should not be a hindrance in boosting economic ties between the two countries.

Posted: February 7th, 2013 in Latest Business Stories | Read More »

Foreign consultant Incheon tapped for Naia 3

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The Philippine government has tapped the operator of South Korea’s Incheon International Airport, one of the world’s top aviation hubs, as a consultant for the completion of the Ninoy Aquino International Airport (Naia) terminal 3.

Posted: January 6th, 2013 in Headlines | Read More »

DoTC, Japan firm set to wind up NAIA 3 work

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Transportation and Communications Secretary Manuel “Mar” Roxas II has set a meeting with the patriarch of Japan’s Takenaka Corp. to iron out details of a deal that would lead to the completion of the Ninoy Aquino International Airport (NAIA) Terminal 3.

Posted: February 27th, 2012 in Headlines | Read More »

Piatco issue: What went before

IN 2002, the Arroyo administration voided Philippine International Air Terminals Corp.’s (Piatco) contract to build the Ninoy Aquino International Airport Terminal 3 (Naia 3) on grounds that certain provisions were illegally renegotiated by ousted President Joseph Estrada in 1998 to the disadvantage of the government. Approved for construction in 1997, the Naia 3 terminal was [...]

Posted: May 24th, 2011 in Headlines | Read More »

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