Maldives Airport gets help from World Bank member on upgrades

Tuesday, 25 August 2009 01:42

Malé airport in the Maldives will get a helping hand from a member of the World Bank Group in its modernisation plans in order to generate stronger efficiencies.

IFC will help the airport better attract private investors, structure the entity as well as help develop a new tariff framework in order to bring the airport up to international standards of best practice.

“Private investors with relevant experience in other parts of the world will bring immense efficiencies to our services at the Malé airport,” said Mahmood Razee, Maldives’ Privatization Committee Chairman.

“By partnering with IFC, we will be able to ensure transparency and competitiveness in the bidding process.”

As well as being a tourism-based economy, the Maldives also suffers from great regional disparities across its 200 islands.

“Through this first infrastructure advisory project for IFC in Maldives, we hope to pave the way for partnering with the country in generating strong efficiencies boosting tourism and overall economic growth,” adds Vipul Bhagat, IFC Infrastructure Advisory Head for South Asia

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