...
...
Next Story

GMR says Maldives project safe despite political storm

The GMR group has said the current crisis in Maldives will not affect its Male airport development plans. Maldives plunged into a crisis last week when its cabinet resigned en masse, reportedly over the grant of the airport project to GMR group.

Updated on: Jul 5, 2010, 23:04:19 IST
Hindustan Times | By , New Delhi
Prefer HTon Google
Advertisement

The GMR group has said the current crisis in Maldives will not affect its Male airport development plans.

HT Image
HT Image

Maldives plunged into a crisis last week when its cabinet resigned en masse, reportedly over the grant of the airport project to GMR group.

GMR, which operates the Delhi airport, won the bid to build, operate, modernise and expand the Male International Airport (MIA).

As per reports in the local media, opposition parties have sought an injunction from a court to delay implementation of the agreement.

Spokesperson for the joint opposition committee, Imad Solih, was quoted saying, “(the agreement) contains suspicious (elements) and issues relating to corruption.” The opposition also accused the government of not consulting the Maldives Airports Company board members on the deal.

Kiran Kumar Grandhi, Chairman (Airports), GMR, said he did not think the crisis would affect the deal in any way. “The deal is done and sealed. We don’t foresee any problems,” he said.

“It’s all been done in a very transparent manner. The international bidding process was monitored by IFC, Washington,” Grandhi added.

 
ABOUT THE AUTHOR
Tushar Srivastava

Tushar was part of Hindustan Times’ nationwide network of correspondents that brings news, analysis and information to its readers. He no longer works with the Hindustan Times.

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe