GMR-backed
consortium GMIAL on Thursday said it was studying the verdict of the Singapore
Court of Appeal that has gone in favour of the Maldives government. “We have no
comments on the order at the moment, as we are in process of evaluating the
same,” a GMR spokesperson said.
Chief
Justice of Singapore Sundaresh Menon said in the court on Thursday that the
Maldives government “has the power to do what it wants, including expropriating
the airport.” GMIAL got a brief reprieve on Monday after the Singapore High
Court, which is acting as an arbitrator, stayed the decision to terminate the
$500-million contract awarded to GMIAL.
The
Maldivian Cabinet has asked GMIAL to vacate and remove all property from the
airport within 30 days.
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