No case filed against us in Maldives: GMR

In an interview with India's CNBC-TV18, GMR Group chief financial officer of Airport Sidharath Kapur said the company has received "some information" from a media report about a case filed in the Maldives against it.
"Also, we do not have any information from the registrar's office in Maldives about a case," he said.
GRM's comments come days after the opposition Dhivehi Qaumee Party (DQP) filed a case at Civil Court seeking a ruling to declare the proposed US$25 Airport Development Charge a tax and to require parliament-approval to tax any departing passengers.
Kapur said GMR won the bid for Maldives airport privatisation, which was done on a very transparent and competitive basis by International Finance Corporation (IFC), based on the highest Net Present Value (NPV) of revenue share.
"The Airport Development Charge (ADC) of US$25 per departing international passenger was one of the aeronautical charges proposed in the bid document. It was in the draft concession document based on which all the bidders evaluated the bid. This was also incorporated in the final concession document signed by the Government of Maldives," he said.
02/12/11 Abdullah Jameel/Haveeru

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Categories: airports Dec 2011, Foreign Dec 2011