AGL 38.15 Decreased By ▼ -1.43 (-3.61%)
AIRLINK 125.07 Decreased By ▼ -6.15 (-4.69%)
BOP 6.85 Increased By ▲ 0.04 (0.59%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.91 Decreased By ▼ -0.53 (-6.28%)
DFML 37.34 Decreased By ▼ -4.13 (-9.96%)
DGKC 77.77 Decreased By ▼ -4.32 (-5.26%)
FCCL 30.58 Decreased By ▼ -2.52 (-7.61%)
FFBL 68.86 Decreased By ▼ -4.01 (-5.5%)
FFL 11.86 Decreased By ▼ -0.40 (-3.26%)
HUBC 104.50 Decreased By ▼ -6.24 (-5.63%)
HUMNL 13.49 Decreased By ▼ -1.02 (-7.03%)
KEL 4.65 Decreased By ▼ -0.54 (-10.4%)
KOSM 7.17 Decreased By ▼ -0.44 (-5.78%)
MLCF 36.44 Decreased By ▼ -2.46 (-6.32%)
NBP 65.92 Increased By ▲ 1.91 (2.98%)
OGDC 179.53 Decreased By ▼ -13.29 (-6.89%)
PAEL 24.43 Decreased By ▼ -1.25 (-4.87%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 143.70 Decreased By ▼ -10.37 (-6.73%)
PRL 24.32 Decreased By ▼ -1.51 (-5.85%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.57 Decreased By ▼ -3.73 (-4.53%)
TELE 7.22 Decreased By ▼ -0.54 (-6.96%)
TOMCL 31.97 Decreased By ▼ -1.49 (-4.45%)
TPLP 8.13 Decreased By ▼ -0.36 (-4.24%)
TREET 16.13 Decreased By ▼ -0.49 (-2.95%)
TRG 54.66 Decreased By ▼ -2.74 (-4.77%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,089 Decreased By -415.2 (-3.95%)
BR30 29,509 Decreased By -1717.6 (-5.5%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

Manila airport's mothballed international passenger terminal, dogged by controversy and claims of corruption, should open in late 2008 five years after it was built, officials said Wednesday.
Transport Secretary Leandro Mendoza told a business meeting that legal problems which forced the government to expropriate the ultra-modern, 600-million-dollar terminal were "expected to be settled" by then.
The Philippine International Airport Terminals Co (Piatco) consortium and German private contractor Fraport AG built the international terminal as an alternative to the existing, dilapidated 26-year-old building. They were to operate the terminal for a number of years before handing ownership to the government.
But the administration expropriated the project from Piatco in 2004, claiming major contract irregularities and structural problems. No passengers have passed through the terminal yet.
Mendoza said Japanese company Takenaka Corp had "agreed in principle ... to repair all structural defects free of charge." Takenaka was one of the key construction companies to work on the building. Lawsuits at home and abroad have dogged the project, and a judge and a lawyer involved in the cases have been murdered.
But the government had been encouraged by a World Bank decision in August dismissing a 425-million-dollar claim on the terminal by Fraport AG, said Tirso Serrano, the assistant general manager of the Manila International Airport Authority. Government lawyers believe a similar case filed by Piatco at an international court in Singapore will also be settled in the government's favour soon, Serrano said.
Once the structural problems are addressed "we can start to fly out people and have a soft launch by 2008," Serrano said. Manila's main airport has become so congested that businessmen and tourism officials are calling for a former US airbase north of Manila to be made into the country's new gateway to ease the overcrowding. Mendoza said the government planned to make the Clark airbase, currently used mainly by budget airlines, a new international gateway.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.