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MALE AIRPORT CONTRACT
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.
- Maldives Offers Male international airport project to Chinese companySources in the GMR expressed surprise at the move by the Maldives government as it has entered in a new contract for construction work at a...
- Maldives gives airport contract to China during Xi Jinping's visitThe over $500-million airport development project was unilaterally scrapped by the then Maldivian government headed by President Mohamed Wa...
- GMR gets clean chit from Maldives probe agency in Male airport case"GMR has invested $240 million in the project so far. GMR has always maintained that there is no corruption involved in the bid."
- Malaysia to stick with GMR despite Male setbackThe joint venture, with an investment of over $500 million, is contemplating seeking compensation of over $800 million from the government.
- Malaysia to stick to GMR to pursue global airport opportunitiesThe Malaysian govt still prefers to continue its alliance with GMR to bid for various global airport projects, said a senior Malaysian mini...
- GMR to sue Maldives for $800 mn damages due to airport project cancellationGMR says it "feels cheated" for having the contract cancelled over an illegal component present in it, which they were not aware of.
- Maldives government has authority to take back airport from GMR, rules Singapore Court of AppealMaldives asserted that it will go ahead with the takeover of the Male International Airport from GMR Infrastructure.
- 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 Maldives spat: Faceoff continues over Male airport, govt rejects Singapore court's orderThe Maldives govt rejects Singapore court's order to suspend termination diktat; says it will operate Male airport from Saturday
- GMR vows to continue court battle after Maldives rejects stayReacting to the Maldives' stand that its decision was "non-reversible", GMR said sovereign guarantee in the contract should be "respected".
- Maldives to take control of GMR airport despite Singapore High Court order: MinisterThe govt's decision is non-reversible and was based on legal advice we got from our lawyers in UK and Singapore, a Maldives official said.
- 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...
- Assocham seeks government intervention against GMR project terminationThe move violates the spirit of International Concession Agreement which was signed after biding global tender by the GMR Group, the chambe...
- Maldives hopes GMR contract termination will not impact tiesThe President's remarks which said Maldives should ensure that safety of Indian interests and its nationals are "fully protected" in that c...
- 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 to spend $400 mn on Male airport modernisation: RaoGMR Infrastructure, which has bagged the expansion and management contract from the Male International Airport, today said USD 400 million ...
- GMR bans Male airport contractGMR Infrastructure today won the expansion and management contract from the Male international airport, the Maldives.
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