GMR wants $800m for Male airport

Demand for compensation after government cancels deal to develop and run the main airport


compensation coup Delhi Airport GMR Infrastructure international tender Maldives Male airport


GMR Infrastructure, the infrastructure wing of the GMR Group – part of the consortium that has developed and operates the Delhi airport – will seek a compensation of more than $800 million from the Maldives government after it put an end to the deal to develop and run country’s main airport. According to reports quoting Sidhartha Kapur, the chief financial officer of GMR Infrastructure’s airports division, the Maldives government had been given rough estimates of the compensation and the amount could be finalized in six months to a year.

The GMR Group led consortium had won an international tender in 2010 floated by the previous government that was ousted in a coup in February this year, to run the airport for 25 years, and to build a new passenger terminal as well.