MoU signed for multimillion Airport Expansion PPP project in Maldives
The Ministry of National Planning, Housing and Infrastructure has signed a contract with Maldives Transport and Contracting Company PLC (MTCC) for the development and expansion of Maafaru International Airport in Noonu, Maldives.
Under the agreement, MTCC will be responsible for widening of the strip by extending the runway by an additional 650 m, upgrading the pavement of the existing runway, widening the taxiway and upgrading the power system and AGL.
The total estimated cost of the project is US$52.18 million. US$27.18 million will be funded by the Abu Dhabi Fund and the remaining US$25 million will be spent from the State Budget.
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October 10, 2022
Tender issued for multimillion Airport PPP project in Maldives
The Ministry of Economic Development has issued the tender for the development of Gan International Airport in the Maldives under the public-private partnership (PPP) project.
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Malaysia Airports Holdings divests from Maldives airport
Malaysia Airports Holdings Bhd (MAHB) has entered into a share purchase agreement for its entire 23% stake in GMR Male International Airport Ltd (GMIAL). The company expects to gain US$7.3 million from the sale.
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November 02, 2016
GMR wins arbitration against Government of Maldives; gets compensation of US$ 270 million
GMR Male International Airport Limited (GMIAL), a subsidiary of GMR Infrastructure Limited, has announced it has been awarded compensation of approximately US$ 270 million by the 3 member international arbitral tribunal. Read more -
February 26, 2016
Maldives Tribunal rules out in favour of GMR Airports
Maldives airport arbitration tribunal has ruled that such damages payable by Government of Maldives to GMR Infrastructure will also include all the sums lent by Axis Bank Singapore to GMR Infrastructure. Read more -
December 06, 2013
Maldives launches tender for bridge PPP project
The Government of the Republic of Maldives represented by the Ministry of Economic Development (MED) has launched a tender to solicit Expressions of Interest from the private sector for the Male'-Hulhule bridge project. Read more
