Yameen concedes that GMR is owed some compensation
24 Apr 2014, 6:20 PM
Ahmed Nazeer
With additional reporting by Ahmed Rilwan
President Abdulla Yameen has today said the government was sure it would have to pay some compensation for cancelling the agreement made with the Indian infrastructure giant GMR to lease Ibrahim Nasir International Airport (INIA).
“The truth we should accept is that a government with all its sovereignty has given permission to a foreign party under an agreement,” said the president.
“So we believe some sort of financial compensation must be paid to them. A compensation must be given for taking the airport [from them]. What we are trying to make sure this compensation is not big but average.”
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