Former President Nasheed calls for reinstatement of GMR agreement
12 Jun 2013, 5:48 PM
Mohamed Naahee
Former President Mohamed Nasheed has called on the government to reinstate the concession agreement with Indian infrastructure giant GMR to develop and manage Ibrahim Nasir International Airport (INIA).
In 2010, GMR-Malaysia Airports Holdings Berhad (MAHB) consortium, the government of former President Mohamed Nasheed and Maldives Airport Company Limited (MACL) entered into a 25 year concession agreement worth US$511 million (MVR 7.787 billion).
The agreement charged the GMR-MAHB consortium with the management and upgrading of INIA within the 25 year contract period.
However in November 2012, the government of President Dr Mohamed Waheed declared the developer’s concession agreement void and ordered it to leave the country within seven days.
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