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                    [ArticleID] => 208506
                    [Title] => Piatco lawyers admit project not bankable
                    [Summary] => Lawyers of the Philippine International Air Terminals Co. Inc. have themselves admitted that Piatco, on its own, was not financially capable of building NAIA Terminal 3 and that the project would not get any  loans unless a government guarantee, which is prohibited by the BOT Law, was given.


In a motion for reconsideration filed last Friday by its lawyers, Piatco informed the Supreme Court that its foreign lenders "found the concession agreement non-bankable."


                    [DatePublished] => 2003-06-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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ASIAN DEVELOPMENT BANK AND GERMAN

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                    [ArticleID] => 208506
                    [Title] => Piatco lawyers admit project not bankable
                    [Summary] => Lawyers of the Philippine International Air Terminals Co. Inc. have themselves admitted that Piatco, on its own, was not financially capable of building NAIA Terminal 3 and that the project would not get any  loans unless a government guarantee, which is prohibited by the BOT Law, was given.


In a motion for reconsideration filed last Friday by its lawyers, Piatco informed the Supreme Court that its foreign lenders "found the concession agreement non-bankable."


                    [DatePublished] => 2003-06-02 00:00:00
                    [ColumnID] => 133272
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abtest

Piatco lawyers admit project not bankable

June 2, 2003 - 12:00am

Lawyers of the Philippine International Air Terminals Co. Inc. have themselves admitted that Piatco, on its own, was not financially capable of building NAIA Terminal 3 and that the project would not get any loans...

Business