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.
Gan International Airport PPP project involves the development of a terminal capable of handling 1.5 million passengers per year, the development of shops, restaurants, lounges, trucks and aircraft rescue and firefighting (ARFF).
EXIM Bank of India allocated USD17 million for the project under the line of credit (LOC). The development of the international airport contributes to the development of other industries in the southern region. The preparation of the project is planned to begin at the end of 2022.
Country news
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April 05, 2018
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 -
January 09, 2014
Deadline extended for Maldives bridge PPP
The Government of the Republic of Maldives has extended the last date of submission of Expressions of Interest for the DBFMO Male'-Hulhule bridge project. Read more
