GMR Infrastructure Limited wins the bid to expand & operate Malé International Airport

Bangalore: GMR Infrastructure Limited (GIL) announced today that it had won the bid to build, operate, modernize and expand the MALE International Airport (MIA).
MIA is the gateway to the idyllic and enchanting Maldives and is one of the fastest growing airports in the region. Situated on Huhule Island in the politically stable archipelago of Maldives at the South Western tip of India, MIA is the biggest airport situated in the capital of Maldives. With its tourism potential and exponential growth in passenger movement, the MIA is an extremely profitable boutique airport with a high revenue model. Male is the prime destination for tourist traffic from Europe in the entire region.
Three parties namely Aeroport De Paris, France-TAV, Turkey consortium; Zurich Airport-GVK consortium and the GMR - MAHB consortium were invited by the Maldives Government to take part in the keenly contested international bid process which was monitored by IFC, Washington in an extremely open and transparent manner. The mandate is for the next 25 years. A unique feature of the MIA is that it includes the Sea-Plane port also.
Incidentally, this is the second airport that GMR has taken up in Maldives as they had previously signed a Memorandum of Understanding with the Government of Maldives for the modernization and operation of the Hanimaadhoo airport situated in the Northern Islands of Maldives. With this, the group now has five airports in its portfolio and it reinforces the Group’s deep commitment in the infrastructure space and for the region of South Asia in particular.
24/06/10 PRESS RELEASE/GMR Group

To Read the News in full at Source, Click the Headline

Categories: Airports Jun 2010, Foreign Jun 2010, New Jun 2010