GMR Infrastructure wins modernisation contract for Male International Airport
Moneylife Digital Team 25 June 2010

Bangalore-based GMR Infrastructure Ltd said its consortium with Malaysia Airports Holdings Berhad (MAHB) won a bid to build, operate, modernise and expand the Male International Airport (MIA) in Maldives. No financial details were provided.

MIA includes the sea-plane port. The mandate is for the next 25 years. The Maldives government had invited three parties, namely, Aeroport De Paris, France-TAV, Turkey consortium; Zurich Airport-GVK consortium and the GMR-MAHB consortium to take part in the bid process.

On Friday, GMR Infrastructure shares ended 0.5% up at Rs57 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% down at 17,574 points.

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