Maldives Airports Company Limited (MACL) Thursday revealed that the Ibrahim Nasir International Airport (INIA) operator GMR, India would ask the company to pay around USD6 million by the end of the year.
Speaking to Haveeru Managing Director Mohamed Ibrahim detailed that the only solution to the issue with the concession fee payable by GMR can be achieved once the Civil Court makes a ruling in the case filed over the matter.
“That case has been delayed due to the case filed at the Singapore Arbitration Centre by GMR. The second hearing of the case in Singapore will be held on November 14. A result can only be obtained once these cases are concluded,” he explained.
MD added that every passing day is a loss to the company until the cases come to an end.
“At present each day is a major loss to us. As a result it is quite possible that we may have to pay around USD6 million to GMR at the end of the year,” Mohamed Ibrahim said.
01/11/12 Abdullah Jameel/Haveeru Online
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Speaking to Haveeru Managing Director Mohamed Ibrahim detailed that the only solution to the issue with the concession fee payable by GMR can be achieved once the Civil Court makes a ruling in the case filed over the matter.
“That case has been delayed due to the case filed at the Singapore Arbitration Centre by GMR. The second hearing of the case in Singapore will be held on November 14. A result can only be obtained once these cases are concluded,” he explained.
MD added that every passing day is a loss to the company until the cases come to an end.
“At present each day is a major loss to us. As a result it is quite possible that we may have to pay around USD6 million to GMR at the end of the year,” Mohamed Ibrahim said.
01/11/12 Abdullah Jameel/Haveeru Online
