Thursday 21 March 2013

U.K. firm wins Maldives airport project

Maldives has chosen U.K.-based Lagan Construction to develop the Addu International Airport.
Managing Director of Maldives’ State Trading Organisation (STO) Shahid Ali said that Lagan Construction and Danish company MT Hojgaard had submitted bids for the project.
“Out of them, Lagan had submitted the most responsive bid in the bid evaluation process. So Lagan has been shortlisted,” Mr. Shahid was quoted as saying in local media.
Mr. Shahid said discussions were under way with Lagan to implement the project.
Maldives had last year terminated a $511-million project awarded to Indian infrastructure major GMR for upgrading and development of the Male International Airport.
 The termination had led to a row with GMR dragging the matter to an arbitration Court in Singapore. At present, Maldives and GMR are in the process of working out a compensation package
http://www.thehindu.com/news/international/uk-firm-wins-maldives-airport-project/article4526775.ece

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