Bangalore, June 24 2010:
GMR Infrastructure Limited (GIL) announced today that it had won the bid to build, operate, modernize and expand the MALE International Airport (MIA).
MIA is the gateway to the idyllic and enchanting Maldives and is one of the fastest growing airports in the region. Situated on Huhule Island in the politically stable archipelago of Maldives at the South Western tip of India, MIA is the biggest airport situated in the capital of Maldives. With its tourism potential and exponential growth in passenger movement, the MIA is an extremely profitable boutique airport with a high revenue model. Male is the prime destination for tourist traffic from Europe in the entire region.
Three parties namely Aeroport De Paris, France-TAV, Turkey consortium; Zurich Airport-GVK consortium and the GMR - MAHB consortium were invited by the Maldives Government to take part in the keenly contested international bid process which was monitored by IFC, Washington in an extremely open and transparent manner. The mandate is for the next 25 years. A unique feature of the MIA is that it includes the Sea-Plane port also.
Incidentally, this is the second airport that GMR has taken up in Maldives as they had previously signed a Memorandum of Understanding with the Government of Maldives for the modernization and operation of the Hanimaadhoo airport situated in the Northern Islands of Maldives. With this, the group now has five airports in its portfolio and it reinforces the Group’s deep commitment in the infrastructure space and for the region of South Asia in particular.
About GMR Group
GMR Group is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure. The Company has successfully employed the public-private partnership model to build a portfolio of high quality assets. The Company has thirteen power projects of which three are operational and ten are under various stages of implementation and nine road projects, of which six are operational and three are under development. In the Airports sector, it has developed and commissioned the Greenfield International Airport at Hyderabad. The Group, besides operating and modernising the existing Delhi International Airport, has also constructed a brand new integrated terminal T3 which will be operational in July 2010. It has also built a new terminal, designed to handle 20 million passenger capacity, at the Istanbul Sabiha Gökçen International Airport in Turkey and is operating it successfully. The Group has also acquired a 50 percent stake in global power generation company InterGen NV, marking its foray into the global energy sector. Subsequently it acquired Intergen’s 100% ownership stake in Island Power – a Singapore based electrical utility. Additionally, the Group is committed to social development initiatives and executes these through its Corporate Social Responsibility arm, the GMR Varalakshmi Foundation (GMRVF).
For further information about GMR Group, visit www.gmrgroup.in
Malaysia Airports Holdings Berhad (MAHB)
Malaysia Airports Holdings Berhad (MAHB) was incorporated as a public limited company in November 1999 and was thereafter listed on the Main Board of the Kuala Lumpur Stock Exchange, becoming the first airport operating company to be listed in Asia and the sixth in the world. MAHB currently operates and manages 38 commercial airports in Malaysia, of which 5 are major international airports including the Kuala Lumpur International Airport. The core activities include the management, operation and maintenance as well as development of airports, with primary importance being placed on the operational efficiency, safety and security of passengers, cargo and aircraft operations.