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Tag "Maldives Airports Company Ltd (MACL)"

President launches US$400m airport runway project

President Abdulla Yameen launched Monday morning a US$400 million project awarded to China’s Beijing Urban Construction Group to build a new runway at the Velana International Airport.

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Maldives secured US$100m from India to shore up depleted reserve

The agreement with the Reserve Bank of India was the Maldives’ first currency swap deal.

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Central bank defends bailing out government with GMR payout

The MMA confirmed to the Maldives Independent that it invested in a US$140 million government-guaranteed bond issued by the Maldives Airports Company Ltd on November 15, two days before the attorney general announced the payment of US$271 million in damages to the Indian infrastructure firm.

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Maldives to pay Indian firm at least US$250m in damages for cancelling airport deal

Indian infrastructure firm, GMR, has won at least US$250million in damages from the Maldivian government for abruptly cancelling a lucrative contract to develop and manage the country’s main airport

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Saudi Binladin Group awarded Maldives airport terminal project

A massive project to construct a new passenger terminal at the Ibrahim Nasir International Airport has been awarded to the Saudi Binladin Group for an undisclosed amount.

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Man arrested over photo of boat blast suspect

Ismail Shakir, an employee of the state-owned Maldives Airports Company Ltd (MACL), was arrested for taking a photograph of Maldivian police officers taking a suspect in a ‘bomb plot’ into custody from the airport tarmac on Friday.

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