Sunday, December 16, 2012

GMR Maldives spat: Malaysia to discuss issue with PM Manmohan Singh


Hyderabad:  Malaysian Prime Minister Najib Tun Razak, who is scheduled to visit New Delhi for India-Asean meet between December 20-21, is likely to discuss with Prime Minister Manmohan Singh the issue of GMR's now scrapped Male Airport project in which MAHB holds 23 per cent stake.
"The heads of the governments (Malaysia and India) are going to meet in New Delhi next week. There may be some discussion (on Male airport issue). There will be sideline meetings in Delhi," Malaysia's Consul General in Chennai Citra Devi Ramiyah told reporters here. Malaysian government owned MAHB holds 23 per cent, while GMRBSE 0.27 % holds 77 per cent stake in GMR Male International Airport Pvt Ltd, a joint venture formed for developing Ibrahim Nasir International Airport in Maldives.
Ramiyah said the Malaysian government has not yet initiated any move towards claiming compensation form the Maldivian Government for abruptly terminating airport.
16/12/12 PTI/Economic Times
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