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Maldives hopes end date GMR agreement shall not affect India tires

He also mentioned the male airport development contract signed by his predecessor Mohamed Nasheed with GMR
Government as "void ab initio". Reuters

"We have always maintained that this is a commercial agreement that was signed by Mr Nasheed Government under dubious circumstances. The actual signing was carried out despite objections from Parliament, "Waheed said in an interview to PTI.

"We remain confident that India-Maldives relationship will not be affected by the cancellation of the GMR-contract by MACL (Maldives airports Company Ltd) In the meantime, two other contracts with Indian companies are taken over.

The bilateral relationship, particularly in the area of military, trade and industry, is even stronger than before, "he said. The controversial GMR-project was hanging in balance change in the Maldives since the regime earlier this year. GMR Airport Holding Berhad Malaysia together with the Malaysian partner, the contract for the development of the Male International Airport during Nasheed had won and the regime was the largest single FDI in Maldives.

The issue also had surfaced in talks between Prime Minister Manmohan Singh and Waheed, who visited India earlier this year. Waheed had then assured that Indian investments will remain "safe".

PTI

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