New Delhi: Maldives and GMR continue to trade charges over the cancellation of the $500 million mega project awarded to the Indian infrastructure major for the development of the Male airport.
Male stuck to its view that there were terms in the agreement, which were given by the previous Mohammed Nasheed regime to GMR, that could not be implemented under the current Constitution and the legal system in the country.
A spokesperson for the Mohammed Waheed government said no taxes could be levied without parliamentary approval but the previous regime, had in the agreement, authorised GMR to levy taxes. This was not legally possible and that had turned out to be the sticking point.
GMR, meanwhile, described as ‘unilateral and completely irrational’ the issuance of notice by the Maldives Government, intending to take over possession and control of the airport.
01/12/12 The Tribune
