Palace studying just compensation for NAIA-3

President Aquino wants to know if the $175 million awarded by a Pasay City court to a German firm is reasonable for the work done on the Ninoy Aquino International Airport Terminal 3 (NAIA-3).

Speaking to reporters in Bangkok last week, Aquino said he has ordered his legal team to review again the work that Fraport had done.

“Is everything that we are claiming there? And the parts that are unfinished, that we have to repair, should be discounted,” he said.

Fraport’s partner, the Philippine International Air Terminals Co. (Piatco), has asked the Pasay City Regional Trial Court to increase the compensation for work they did on NAIA-3.

Read more at Philippine Star

 

Con Yap

  • Thai anton

    This is an example why foreign investors don’t want to do business in RP,
    We don’t honor CONTRACT and anytime there is any talk or rumor or any changed in the admistrations, we cancel their contracts ,who woulld want to get screwed and be left hanging, they rather be in Thailand Vietnam,China
    They rather deal with communist Govt,who honor their laws than democratic RP who don’t honor contract and cancel them left and right.