The Maldives government has terminated a $511 million contract awarded to Bangalore-based GMR Group in 2010 for the upgrade, expansion and operation of Male International Airport.
The Maldives government has terminated a $511 million contract awarded to Bangalore-based GMR Group in 2010 for the upgrade, expansion and operation of Male International Airport. The government said the agreement was “legally invalid,” a decision GMR is disputing. The Maldivian government said its decision followed nine months of cabinet committee research and was made “on grounds that there were many legal, technical and economic issues regarding the agreement, and ...
"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.