Philippine Supreme Court orders government to pay $510M to airport terminal builder

September 9, 2015 11:58 AM

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MANILA, Philippines – The Philippine Supreme Court has ordered the government to pay at least $510.3 million to a consortium led by German airport operator Fraport AG that built Manila's newest airport terminal.

The decision, made public Wednesday, ends years of legal wrangling over how much compensation Philippine International Air Terminals Co. should receive after the government expropriated Terminal 3, built by the consortium at the Ninoy Aquino International Airport.

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