Maldives govt wins right to run airport
S'pore apex court lifts injunction obtained earlier by consortium
THE Maldives government will be able to take over management of the country's main airport after a ruling by Singapore's Court of Appeal yesterday.
On Monday, GMR Male International had obtained an injunction to stop the Maldives government from running the airport, pending the settlement of its spat with the Maldives authorities through arbitration.
But the court yesterday agreed to lift the injunction.
GMR Male had a US$511 million (S$619 million) deal to manage and modernise the Ibrahim Nasir International Airport in Maldives' capital of Male for 25 years, in return for concession fees to be paid to the Maldives government.