Valuation of Addu International Airport to be carried out

Photo: PSM

Addu City, Maldives – Ministry of Finance and Treasury of Maldives has decided to carry out a valuation of Addu International Airport and has announced to seek a party interested in carrying out the task.

The Ministry revealed that it is seeking for a party which will do the valuation of the airport as per the terms of reference (TOR) prepared by the ministry, and that the purpose of this valuation is to determine the problematic areas of the airport and to find a way to resolve any such issues.

Any interested party is urged to inform the ministry prior to 24th September, 2020.

Addu International Airport company was formed with shares held by the government, State Trading Organization (STO), Maldives Airports Company Limited (MACL) and Champa Hussain Afeef’s Casa Holdings. However, STO has since left the company. In addition, the SOE committee of the parliament has decided to request the Ministry of Finance to hasten the letting go of the 10% ownership of MACL from the company as well.

The development of Gan International Airport was finished in 2016, during which the runway of the airport was extended by 3,400 meters and widened by 60 meters, allowing wide body aircrafts to operate at the facility.

After this development, Sri Lankan Airlines started scheduled trips to Gan via the airport.