ACC approaches Finance Committee over Nexbis system
24 Sep 2012, 4:46 PM
The Anti-Corruption Commission (ACC) has told Parliament’s Finance Committee that the deal with Malaysian mobile security provider Nexbis will cost the Maldives MVR 2.5 billion (US$162 million) in potential lost revenue over the lifetime of the contract.
The border control system is now up and running at Ibrahim Nasir International Airport (INIA), after a Supreme Court ruling in early September favouring Nexbis ended almost two years of efforts by the ACC to block the project.
Under the ‘build operate and transfer’ (BOT) agreement with Nexbis, the government is obliged to pay Nexbis US$2 for every foreign passenger processed and US$15 for every work permit for the 20 year lifespan of the contract. Nexbis remains responsible for the upgrading, servicing and administration of the system.
Former Immigration Controller Abdulla Shahid has expressed concern over both the cost and necessity of the project, calculating that with continued growth in tourist numbers Nexbis would be earning US$200 million in revenue over the 20 year lifespan of the agreement.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
