Male: After over a week-long legal battle, Indian infrastructure major GMR will hand over the operations of the Male International Airport to Maldives's state-run MACL midnight tonight with the expiry of the deadline for the same.
Terminating the $511 million contract with GMR on November 27, Maldivian governemnt had given time till tonight to the Bangalore-based firm to handover the operations of the Ibrahim Nassir International Airport to Maldives Airport Company Limited (MACL).
The handover will take place a day after the Singapore Supreme Court ruled that Maldives government has the "power to do what its wants including expropriating the airport", dealing a severe blow to GMR which had earlier got a temprorary repreive with the Singapore High Court staying the termination.
07/12/12 PTI/Economic Times
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Terminating the $511 million contract with GMR on November 27, Maldivian governemnt had given time till tonight to the Bangalore-based firm to handover the operations of the Ibrahim Nassir International Airport to Maldives Airport Company Limited (MACL).
The handover will take place a day after the Singapore Supreme Court ruled that Maldives government has the "power to do what its wants including expropriating the airport", dealing a severe blow to GMR which had earlier got a temprorary repreive with the Singapore High Court staying the termination.
07/12/12 PTI/Economic Times
