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                    [ArticleID] => 218468
                    [Title] => Ironic twist seen in MRTC plan to declare gov’t in default
                    [Summary] => The row over the equity rental payments to the Metro Rail Transit Corp (MRTC) escalated further as officials dared the company to call the government in default and go into arbitration that could lead to a government take-over. 


This developed as officials said that MRTC still has about P300 million worth of unpaid development rights payments on top of other undelivered commitments, making it even less likely that the company could collect equity rental payments from the government. 


                    [DatePublished] => 2003-08-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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METRO RAIL TRANSIT PROJECT

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                    [ArticleID] => 218468
                    [Title] => Ironic twist seen in MRTC plan to declare gov’t in default
                    [Summary] => The row over the equity rental payments to the Metro Rail Transit Corp (MRTC) escalated further as officials dared the company to call the government in default and go into arbitration that could lead to a government take-over. 


This developed as officials said that MRTC still has about P300 million worth of unpaid development rights payments on top of other undelivered commitments, making it even less likely that the company could collect equity rental payments from the government. 


                    [DatePublished] => 2003-08-25 00:00:00
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abtest

Ironic twist seen in MRTC plan to declare gov’t in default

By Des Ferriols | August 25, 2003 - 12:00am

The row over the equity rental payments to the Metro Rail Transit Corp (MRTC) escalated further as officials dared the company to call the government in default and go into arbitration that could lead to a government...

Business