In June 2010, the Maldives government, the Maldives Airports Company Limited (MACL) and GMR-MAHB Consortium signed a tripartite concession agreement to develop and run the Ibrahim Nasir International Airport at Malé, the capital of the island nation. The process of privatisation of the Malé International Airport was conceptualised and implemented with MACL, being a 100% owned company of the government of Maldives, assuming the role of Grantor while the government remains as the Guarantor.
The Maldives government in 2009 asked the International Financial Corporation (IFC), the private sector arm of World Bank, to manage the bid process for privatisation of the airport to ensure fairness. IFC ran the bidding process in 10 months.
IFC in turn engaged a number of globally reputed consulting firms like E&Y, Halcrow, Gide Loyrette Novel and others to be involved at various stages. The bidding process itself was a typical three-stage process. In the stage of request for proposal, the bid was evaluated on three parameters — legal, technical and financial.
07/12/12 Mihir Mishra/Indian Express
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The Maldives government in 2009 asked the International Financial Corporation (IFC), the private sector arm of World Bank, to manage the bid process for privatisation of the airport to ensure fairness. IFC ran the bidding process in 10 months.
IFC in turn engaged a number of globally reputed consulting firms like E&Y, Halcrow, Gide Loyrette Novel and others to be involved at various stages. The bidding process itself was a typical three-stage process. In the stage of request for proposal, the bid was evaluated on three parameters — legal, technical and financial.
07/12/12 Mihir Mishra/Indian Express
