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MALE AIRPORT PROJECT
India funded airport project launched in MaldivesIt is the first ever major infrastructure project to be undertaken outside Greater Male' region and is funded under the USD 800 million con...- 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 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 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."
- India-Malaysia share 'disappointment' over Maldives' move on GMR Male airport projectThe termination of USD 511 million GMR Male airport project by the Maldivian government was "mentioned" in the bilateral meeting between In...
- 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...
- Termination of GMR contract not to affect bilateral ties: IndiaIndia today hoped that termination of the GMR's Male airport project by the Maldives government will not impact its relationship with the n...
- Maldives has assured protection to lenders' money: IOBThe Maldives government has given a comfort letter to Indian Overseas Bank, which has USD 25- million exposure to GMR Group's Male airport ...
- 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 didn’t buy political risk cover for the Male airportAxis Bank-led lenders to the GMR Male airport project are now seeking legal recourse and have sent a notice to the Maldivian government for...
- 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
- Maldives Airports Company files police complaint against leasing of airport to GMRThe Maldives Airports Company has filed a complaint with the police here over what it terms as "unlawful leasing" of Male International Air...
- GMR Infrastructure hits 52-week low as Maldives scraps $ 500 mn airport projectGMR Infra slipped over 4% to hit its 52-week low of Rs 16.75 in early trade after the Maldives terminated the $500 mn GMR airport project.
- 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.
- Indian firms blame politics for 'undue challenges' in MaldivesMonths after Maldives' regime change, some Indian cos there are blaming political interference for creating "undue challenges".
- Maldives may even annul GMR Infrastructure deal: President WaheedWith GMR's USD 500 million Male airport project hanging in balance, Maldives President Mohamed Waheed today said he was discussing the issu...
- GMR to focus on Emerging markets for airport businessGMR Infrastructure, which runs four airports across the globe, is looking at emerging markets in South East Asia, South America and the Afr...
- GMR Infra arm bags project for Male International AirportThe total cost of the modernisation and expansion project, estimated at $511 million, is being funded through a combination of debt and equ...
- 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 ...
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