THE Philippine Department of Transportation and the German Federal Ministry of Transport signed a letter of intent on Tuesday with an purpose to enhance maritime exchange between the two international locations.
“We have sizable exchange volume between the 2 nations,” State Secretary Michael Odenwald of the Federal Ministry of Transport and Digital Infrastructure (BMVI) stated during his speech on the Meeting on Cooperation in Maritime Transport on the Philippine International Convention Center (PICC).
DoTr Secretary Arthur Tugade signs and symptoms a letter of rationale with German Secretary of State of the Federal Ministry of Transport Michael Odenwald to enhance maritime exchange among the two countries. SOURCE: DOTR
Odenwald said that the change volume recorded among the two international locations in 2016 amounted to 5-billion Euros.
“We have to enforce and boom our improvement cooperation,” Odenwald said.
The settlement includes conducting regular talks between Germany and Philippines to talk about proposals, developments or tasks for mutual pastimes, trade of data for research on maritime accidents, and studies education and workforce development within the field of maritime delivery.
Transportation Secretary Arthur Tugade emphasized that the Philippines changed into now open to do business with the government of Germany, after settling the Fraport trouble.
“The Fraport issue is records, a records that need to no longer be repeated,” Tugade stated.
“We would like to start a courting that is predicated on mutual accept as true with, on mutual faith,” said Tugade.
“The Republic of the Philippines is now open for commercial enterprise…and there shall be no corruption,” Tugade said.
Meanwhile, Odenwald stated that Germany changed into open to proportion expertise to the Philippines within the railway sector and additionally to continue aviation ties.
“We are willing to sell economic ties with the Philippines,” Odenwald stated.
It can be recalled that the administration of then President Fidel Ramos provided the agreement to construct the Ninoy Aquino International Airport Terminal 3 (NAIA three) to the consortium of Philippine International Airport Terminal Co. (Piatco) and German firm Fraport in 1997.
Former President Gloria Macapagal-Arroyo, but, voided the contract in 2002 due to alleged irregularities.
The Philippine government and Piatco fought a legal conflict over the NAIA three undertaking, which not on time the outlet of the terminal.
On Dec. 21, 2004, the Office of the Solicitor General filed an expropriation case at the Pasay nearby trial court docket to allow the government to perform the terminal on the soonest feasible time. The Pasay court docket issued a writ of possession to the authorities, however ordered it to pay Piatco P3 billion as downpayment on reimbursement nevertheless to be decided.
Piatco went for separate arbitration on the Singapore-based totally International Chamber of Commerce (ICC) tribunal.
On Aug. 23, 2006, the ICC ordered the Philippine government to go back the mission to Piatco until a valid writ of possession become issued via a domestic court docket. It said the writ launched by way of the Pasay court in 2004 may be taken into consideration legitimate most effective if there has been evidence that the P3-billion downpayment had been paid.
In September, Piatco obtained P3 billion from the authorities, clearing the manner for the Manila International Airport Authority (MIAA) to work at the terminal for its beginning. NAIA 3 in part opened in 2008, operating at approximately 50 percentage of its capability.
On May 23, 2011, the Pasay court docket ordered the government to pay Piatco $175.79 million (or approximately P7.6 billion at that time) much less the P3 billion downpayment that the government had paid to Piatco as compensation.
Piatco’s damage claim inside the ICC became rejected however the builder of NAIA 3 asked the High Court of Singapore to opposite the ruling of the tribunal. Its petition changed into also denied via Singapore’s High Court on Nov. 15, 2011.
In August 2013, a Court of Appeals ruling modified the order issued through the Pasay court. The appellate courtroom ordered the government to pay Piatco “simply reimbursement” of $371,426,688.24 (about P16.2 billion at that time), an quantity a good deal higher than what the Pasay court docket had ordered.
The appellate courtroom later amended its ruling, announcing the annual hobby at the $371,426,688.24 repayment must be 6 percent annually—not 12 percent, which the courtroom to begin with set—till it changed into absolutely paid and as soon as the choice became very last.
While the authorities appealed the choice of the Court of Appeals, NAIA three sooner or later operated at full capability beginning August 2014.
In October, the Court of Appeals stated the government may not workout full possession rights over NAIA 3 until it had paid in complete the P16 billion in only reimbursement, a ruling the appellate courtroom affirmed in early 2015.
Apart from the case against Piatco, the government additionally confronted an arbitration case filed with the aid of Fraport, Piatco’s foreign associate, in the International Center for Settlement of Investment Disputes (ICSID), the arbitration arm of the World Bank primarily based in Washington.
The arbitration became concluded in December 2014 and the ICSID ordered Fraport to pay the Philippine government $5 million in damages for violating the Anti-Dummy Law.
“We have sizable exchange volume between the 2 nations,” State Secretary Michael Odenwald of the Federal Ministry of Transport and Digital Infrastructure (BMVI) stated during his speech on the Meeting on Cooperation in Maritime Transport on the Philippine International Convention Center (PICC).
DoTr Secretary Arthur Tugade signs and symptoms a letter of rationale with German Secretary of State of the Federal Ministry of Transport Michael Odenwald to enhance maritime exchange among the two countries. SOURCE: DOTR
Odenwald said that the change volume recorded among the two international locations in 2016 amounted to 5-billion Euros.
“We have to enforce and boom our improvement cooperation,” Odenwald said.
The settlement includes conducting regular talks between Germany and Philippines to talk about proposals, developments or tasks for mutual pastimes, trade of data for research on maritime accidents, and studies education and workforce development within the field of maritime delivery.
Transportation Secretary Arthur Tugade emphasized that the Philippines changed into now open to do business with the government of Germany, after settling the Fraport trouble.
“The Fraport issue is records, a records that need to no longer be repeated,” Tugade stated.
“We would like to start a courting that is predicated on mutual accept as true with, on mutual faith,” said Tugade.
“The Republic of the Philippines is now open for commercial enterprise…and there shall be no corruption,” Tugade said.
Meanwhile, Odenwald stated that Germany changed into open to proportion expertise to the Philippines within the railway sector and additionally to continue aviation ties.
“We are willing to sell economic ties with the Philippines,” Odenwald stated.
It can be recalled that the administration of then President Fidel Ramos provided the agreement to construct the Ninoy Aquino International Airport Terminal 3 (NAIA three) to the consortium of Philippine International Airport Terminal Co. (Piatco) and German firm Fraport in 1997.
Former President Gloria Macapagal-Arroyo, but, voided the contract in 2002 due to alleged irregularities.
The Philippine government and Piatco fought a legal conflict over the NAIA three undertaking, which not on time the outlet of the terminal.
On Dec. 21, 2004, the Office of the Solicitor General filed an expropriation case at the Pasay nearby trial court docket to allow the government to perform the terminal on the soonest feasible time. The Pasay court docket issued a writ of possession to the authorities, however ordered it to pay Piatco P3 billion as downpayment on reimbursement nevertheless to be decided.
Piatco went for separate arbitration on the Singapore-based totally International Chamber of Commerce (ICC) tribunal.
On Aug. 23, 2006, the ICC ordered the Philippine government to go back the mission to Piatco until a valid writ of possession become issued via a domestic court docket. It said the writ launched by way of the Pasay court in 2004 may be taken into consideration legitimate most effective if there has been evidence that the P3-billion downpayment had been paid.
In September, Piatco obtained P3 billion from the authorities, clearing the manner for the Manila International Airport Authority (MIAA) to work at the terminal for its beginning. NAIA 3 in part opened in 2008, operating at approximately 50 percentage of its capability.
On May 23, 2011, the Pasay court docket ordered the government to pay Piatco $175.79 million (or approximately P7.6 billion at that time) much less the P3 billion downpayment that the government had paid to Piatco as compensation.
Piatco’s damage claim inside the ICC became rejected however the builder of NAIA 3 asked the High Court of Singapore to opposite the ruling of the tribunal. Its petition changed into also denied via Singapore’s High Court on Nov. 15, 2011.
In August 2013, a Court of Appeals ruling modified the order issued through the Pasay court. The appellate courtroom ordered the government to pay Piatco “simply reimbursement” of $371,426,688.24 (about P16.2 billion at that time), an quantity a good deal higher than what the Pasay court docket had ordered.
The appellate courtroom later amended its ruling, announcing the annual hobby at the $371,426,688.24 repayment must be 6 percent annually—not 12 percent, which the courtroom to begin with set—till it changed into absolutely paid and as soon as the choice became very last.
While the authorities appealed the choice of the Court of Appeals, NAIA three sooner or later operated at full capability beginning August 2014.
In October, the Court of Appeals stated the government may not workout full possession rights over NAIA 3 until it had paid in complete the P16 billion in only reimbursement, a ruling the appellate courtroom affirmed in early 2015.
Apart from the case against Piatco, the government additionally confronted an arbitration case filed with the aid of Fraport, Piatco’s foreign associate, in the International Center for Settlement of Investment Disputes (ICSID), the arbitration arm of the World Bank primarily based in Washington.
The arbitration became concluded in December 2014 and the ICSID ordered Fraport to pay the Philippine government $5 million in damages for violating the Anti-Dummy Law.
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