GMR to take over Male airport operations after advanced payment

Male: India’s GMR will take over the operations of Male International Airport only after advanced payment, Privatisation Committee said.
A senior commission member, Deputy Economic Minister Ahmed Inaz said a US$78 million fee has to be paid according to the agreement.
The deadline for the payment ends at the end of next month.
GMR formed a joint venture company with Malaysia Airports Holdings and registered GMR Male International Airport Private Limited at Trade Ministry.
Inaz stressed that the airport’s name will not be changed.
The government authorised GMR to collect US$25 per passenger as airport development fee. Inaz said under the agreement, the fee will be taken after a certain period.
26/09/10 haveeru online

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Categories: airports Sep 2010, Foreign Sep 2010