Indian construction company Renaatus has been awarded the project to develop the Gan International Airport in Addu City.
The agreement was signed by Addu International Airport Company’s Managing Director Gais Naseer and Renaatus’ Chairman Selvasundaram Poosapan in a ceremony at the Meeruma conference hall on Sunday.
The project is being financed with a USD 17 million (MVR 272.2 million) loan from India’s EXIM Bank.
The Gan International Airport in Addu is set to be developed with a passenger terminal and facilities to serve 1.5 million passengers annually.
The facilities that will be developed under the project includes duty free shops, restaurants, lounges, a new control tower, fire station, cargo and cold storage facilities, as well as roads and parking areas.
The Gan International Airport has been described by the Economic Ministry as the main gate to southern Maldives, making the modernization and upgrade of the airport’s capacity and services crucial to the development of the region.