Maldives cabinet has recommended termination of a
contract given to GMR Group for developing Male Airport, a project
awarded to the Indian group during the previous regime of island nation.
The Maldives cabinet in a meeting today decided to terminate
the contract and a notice to this effect was issued to GMR Group,
Maldivian President's Press Secretary Masood Imad said in a statement.
The USD 500-million project was hanging in balance ever since the
regime change in Maldives earlier this year. The GMR group had won the
contract during the regime of former President Mohamed Nasheed.
Some coalition partners of the current regime headed by Mohamed Waheed had also held a rally against GMR on November 3.
The airport contract was awarded to GMR through a 10-month long
global competitive bidding process run by the then Maldivian government
headed by Nasheed.
Nearly eight months after the regime change in
Maldives, some Indian companies present there, including GMR, are
blaming political interference for creating "undue challenges" for them.
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