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                    [Title] => ‘NAIA-3 overpricing probe won’t affect March opening’
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Malacañang assured the people yesterday that the Cabinet investigation into the alleged overpricing in the construction of the Ninoy Aquino International Airport Terminal 3 (NAIA-3) would not affect the scheduled opening of the terminal in March.


Press Secretary Ignacio Bunye said the probe was raised by President Arroyo to the Cabinet "to ensure that any money shelled out from the public coffers is worth the real value of goods paid for."


                    [DatePublished] => 2006-11-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097645
                    [AuthorName] =>  Sandy Araneta
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                    [ArticleID] => 368362
                    [Title] => ‘Fraport overstated claim by $392 M’
                    [Summary] => 


German airport developer Fraport AG overstated its claim on the construction of the Ninoy Aquino International Airport Terminal 3 (NAIA-3) by about $392 million, a fraud examiner said in his testimony before an international tribunal.


Howard Silverstone, an expert witness for the Philippine government, told the International Court for Settlement of Investment Disputes (ICSID) that only some $33 million was traced as actually used in the terminal for direct "soft cost."


                    [DatePublished] => 2006-11-12 00:00:00
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HOWARD SILVERSTONE

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                    [Title] => ‘NAIA-3 overpricing probe won’t affect March opening’
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Malacañang assured the people yesterday that the Cabinet investigation into the alleged overpricing in the construction of the Ninoy Aquino International Airport Terminal 3 (NAIA-3) would not affect the scheduled opening of the terminal in March.


Press Secretary Ignacio Bunye said the probe was raised by President Arroyo to the Cabinet "to ensure that any money shelled out from the public coffers is worth the real value of goods paid for."


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                    [ArticleID] => 368362
                    [Title] => ‘Fraport overstated claim by $392 M’
                    [Summary] => 


German airport developer Fraport AG overstated its claim on the construction of the Ninoy Aquino International Airport Terminal 3 (NAIA-3) by about $392 million, a fraud examiner said in his testimony before an international tribunal.


Howard Silverstone, an expert witness for the Philippine government, told the International Court for Settlement of Investment Disputes (ICSID) that only some $33 million was traced as actually used in the terminal for direct "soft cost."


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‘NAIA-3 overpricing probe won’t affect March opening’

By Sandy Araneta | November 14, 2006 - 12:00am

Malacañang assured the people yesterday that the Cabinet investigation into the alleged overpricing in the construction of the Ninoy Aquino International Airport Terminal 3 (NAIA-3) would not affect...

Headlines

‘Fraport overstated claim by $392 M’

By Sandy Araneta | November 12, 2006 - 12:00am

German airport developer Fraport AG overstated its claim on the construction of the Ninoy Aquino International Airport Terminal 3 (NAIA-3) by about $392 million, a fraud examiner said in his testimony before...

Headlines