Arbitration proceedings in GMR case to begin within the week
08 Apr 2014, 4:31 PM
Ahmed Rilwan
Proceedings in the US$1.4 billion GMR arbitration case will begin this Thursday, local media has reported today.
Officials at the Attorney General’s Office told Minivan News that, while they could not confirm the precise dates, representatives of the office working on the case are currently in Singapore.
Citing sources within the government, media has reported that both the government of Maldives and the state-owned Maldives Airports Company Limited (MACL) will be represented at the hearings which they have said will begin on Thursday (April 10) for six days.
The case was filed following the premature termination of the a 25-year concession agreement to develop Malé’s Ibrahim Nasir International Airport (INIA) by the government of President Dr Mohamed Waheed in December 2012.
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