Bangalore: GMR Infrastructure , developing the Male International Airport , has won a breather in its ongoing legal tussle with Maldives Airport Company Limited ( MACL ). According to a statement from GMR, the High Court of Singapore on Monday dismissed the application by MACL seeking vacation of the injunctive order granted in favour of GMR Male International Airport Limited ( GMIAL ) on July 23 and made absolute the injunctive relief granted in favour of GMIAL.
GMIAL is a joint venture of GMR Infrastructure (77 per cent) and Malaysia Airports Holding Berhad (23 per cent). In 2010, GMIAL won the right to build and operate the Ibrahim Nasir International Airport (INIA), commonly known as Malé International Airport, for 25 years, extendable by another 10 years. GMR plans to develop a 0.6 million square feet integrated passenger terminal, increase the terminal capacity to handle 5.5 mn passengers pa and develop a 20,000-sq-ft VIP terminal, apart from doing landside development and improving existing terminal. Situated on Hulhule Island in the Maldives on the south western tip of India, INIA is one of the fastest-rowing airports in the region. GMR has plans for a project cost of up to $350 million.
21/11/12 Business Standard
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GMIAL is a joint venture of GMR Infrastructure (77 per cent) and Malaysia Airports Holding Berhad (23 per cent). In 2010, GMIAL won the right to build and operate the Ibrahim Nasir International Airport (INIA), commonly known as Malé International Airport, for 25 years, extendable by another 10 years. GMR plans to develop a 0.6 million square feet integrated passenger terminal, increase the terminal capacity to handle 5.5 mn passengers pa and develop a 20,000-sq-ft VIP terminal, apart from doing landside development and improving existing terminal. Situated on Hulhule Island in the Maldives on the south western tip of India, INIA is one of the fastest-rowing airports in the region. GMR has plans for a project cost of up to $350 million.
21/11/12 Business Standard
