Ben Kritz
Ben Kritz is a veteran of the automotive industry with over 10 years' experience in logistics and fixed operations management. Since 2007 he has embraced a second career as a journalist, most recently as a business columnist, editor, and writer for The Manila Times.
Address: Cavite, Philippines
Address: Cavite, Philippines
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Papers by Ben Kritz
Things did not quite go as planned. NAIA-3’s major investor, the German airport operator Fraport AG, soon found itself in a messy tangle of political and professional rivalries, deceit, corruption, and mismanagement, and to this day – nearly 20 years after the airport project was first discussed, and more than a decade since Fraport became involved – the company has yet to see a single cent of the estimated $400 million it invested in the project. This case study traces the history of the NAIA-3 project and its regrettable aftermath, illustrating a few lessons every company considering investing in developing economies should take to heart.
Things did not quite go as planned. NAIA-3’s major investor, the German airport operator Fraport AG, soon found itself in a messy tangle of political and professional rivalries, deceit, corruption, and mismanagement, and to this day – nearly 20 years after the airport project was first discussed, and more than a decade since Fraport became involved – the company has yet to see a single cent of the estimated $400 million it invested in the project. This case study traces the history of the NAIA-3 project and its regrettable aftermath, illustrating a few lessons every company considering investing in developing economies should take to heart.