Diabytes
GMR Infrastructure Ltd News
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Arbitration proceedings were administered by the Singapore International Arbitration Centre.
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India`s GVK, which operates Mumbai`s airport, has won the contract to develop a second outside the financial capital to ease congestion and cater for surging demand.
GMR entered into a Concession Agreement with Government of Maldives and Maldives Airport Company Limited (MACL) for modernisation and operation of Ibrahim Nasir International Airport (INIA) in 2010.
GMR Male International Airport Pvt. Ltd (GMIAL) has submitted a claim for damages to the tune of USD 803 million against the government of Maldives and MACL, the company said on Friday.
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