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May 17, 2006

How do the Germans win infrastructure projects?

Philippine gov't dismisses German criticism over airport project.

MANILA, May 17 (Xinhua) -- The Philippine government on Wednesday rebuked the German ambassador for saying that there would be no German investments in the country's infrastructure without the government paying a German company for building the Ninoy Aquino International Airport Terminal 3 (NAIA 3).

Finance Secretary Margarito Teves said the government would have to work on the general economic environment of the country to promote foreign direct investments rather than focus on one issue such as NAIA 3, saying it is not the Philippines' business...

Editor: Lu Hui

Full Story...

Posted by rjorr at May 17, 2006 10:47 AM