In yet another setback to embattled Indian infrastructure major GMR, a Singapore court today ruled that the Maldives Government can take back the Male International Airport from the private firm.
“Singapore Court of Appeal has passed judgement that the Maldives Government has the authority to take back the airport,” Maldives President Mohamed Waheed’s Press Secretary Masood Imad said in Male.
He further said, “Maldives will go ahead with the transfer as scheduled“.
Maldives had in a surprise move on November 27 terminated the over USD 500 million contract awarded to GMR during the previous regime of Mohamed Nasheed to upgrade its Male airport and to build a new terminal.
The government had said it was terminating the contract because it was signed under “dubious conditions” and was void, a charge hotly contested by the infrastructure major.