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Fallstudie Teil 1
The President wanted to have a new international passenger terminal,
NAIA-3, at the Manila airport in the shortest possible time
The original proposal for the construction of a third terminal was proposed by Asia's Emerging Dragon
Corporation (AEDP). AEDP eventually lost the bid to PairCargo and its partner Fraport AG of
Germany, who went on to begin construction of the terminal under the administration of Joseph
Estrada. Terminal 3 was approved for construction in 1997 and the structure was mostly completed
several years ago and was originally scheduled to open in 2002. The ultra-modern USD 640 million,
189,000 sqm. facility was designed by Skidmore, Owings and Merrill (SOM) to have a capacity of 13
million passengers per year. However, a legal dispute between the government of the Philippines and
the project's main contractor, Philippine International Air Terminals Co. Inc. (Piatco), over the Build-
Operate-Transfer (BOT) contract, delayed the final completion and opening of the terminal and its
financing, leading to delayed payments, and the delays meant higher costs.
The government abrogated the contract. The Supreme Court found that the original contract was
revised to allow for a Philippine Government guarantee of Piatco's obligations to its creditors,
contractors and suppliers.