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GMR MALDIVIAN GOVERNMENT
No taxes payable by GMR on Male airport contract compensation: MaldivesThis announcement brings a major relief to GMR Group as it doesn't need to pay over USD 20 million now.- GMR claims $803 million from Maldivian government for termination of Male Airport contractGMR entered into a Concession Agreement with Government of Maldives for modernisation and operation of INIA in 2010.
- GMR says Maldives government, aviation agency liable to pay damagesThe contract was unilaterally terminated by the Maldives government, which initiated arbitration proceedings on November 29, 2012.
- GMR continues to pursue its $1.4 billion compensation claim against MaldivesWith a legal tussle on between Maldivian govt & GMR over termination of contract to develop Male airport, Indian infra firm stood by its co...
- No possibility of GMR return in airport project: Maldivian President Abdulla YameenMaldives has ruled out any possibility of return of Indian infrastructure giant GMR in the over USD 500-million Male airport project but sa...
- Anti-Corruption Commission's clean chit to GMR does not change our stand: Maldives"We have to go through the report completely. There was an issue of $100 million cash advance of which $78 million was given, govt said.
- GMR-Maldives arbitration to commence next yearArbitration proceedings in the airport contract row between Maldives and GMR Group will commence in the middle of next year.
- GMR spat: Hassan Saeed, the Maldivian president Waheed's special adviser plotted GMR’s ouster?According to high-level sources, this Malaysia-educated president of a tiny Dhivehi Quamee Party has convinced Waheed to use this issue as ...
- GMR Airport project: Aid to Maldives likely to go awaySources said India had conveyed its displeasure to Maldives “immediately” after the GMR deal was scrapped.
- India warns Maldives of adverse consequences on GMR issueIndia today said it expected no arbitrary and coercive action should be taken pending the outcome of legal proceedings on the GMR contract ...
- GMR Maldives spat: Industry wants govt to use diplomatic channelIndian industry today asked the government to use its diplomatic channel to convince Male government not to terminate the GMR project.
- GMR Maldives spat: GMR to take all 'legal remedies' to protect Male contractStating that GMR Infrastructure has not invested in Maldives "to be compensated", the company has said it will take all "legal remedies" to...
- GMR Infra up 6 per cent on reprieve from Singapore on Maldives contractAfter Maldivian government terminated the contentious project under domestic political pressures, GMR moved the Singapore High Court agains...
- GMR Infra pares gains with Maldives govt set to take control of Male airportGMR Infra pared most of its gains in the afternoon trade on reports that the Maldives government will take control of the Male airport.
- Singapore High Court stays termination of GMR Male airport contractThe Singapore HC stayed the Maldives government's decision to terminate the $500 million contract awarded to infrastructure major GMR-led c...
- Termination of GMR contract could spell trouble for ties with MaldivesWhile the Indian govt is clear that GMR and India are not interchangeable, the UPA govt doesn't want to leave GMR to their devices.
- Maldives issues notice to GMR for terminating airport contractThe $500-million project was hanging in balance ever since the regime change in Maldives earlier this year.
- Talk of reclaiming airport from GMR will be damaging: Mohamed NasheedNasheed said that his government had awarded the airport to GMR to stop "rain leaks" into the airport and to develop it.
- Maldives again threatens to cancel GMR's Male airport contractMaldivian government today renewed its threat to call off the bid awarded to the GMR Group to develop an airport in its capital Male.
- GMR global, Maldivian govt sing MoU to upgrade airportGMR Infrastructure Global Limited, a subsidiary of GMR Infrastructure limited, has signed a Memorandum of Understanding (MoU) with Maldivia...
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