IFC ill-advised government over GMR deal: DQP

Ahmed Hamdhoon, Haveeru Online
Jun 21, 2012 - 06:39
  • The ceremony held in 2010 to award GMR with operating the INIA. FILE PHOTO

Dhivehi Qaumee Party (DQP) on Thursday has stated that the International Finance Corporation (IFC) assigned as an advisory body for the government over the airport privatization deal had neglected its responsibility and that it had caused the state unbearable damages.

In response to the letter sent by the government to coalition parties for suggestions on how to deal with the GMR agreement, DQP stated that it believes that IFC must reimburse the loss caused to the Maldivian government over its actions.

DQP has also requested details of the amount received by the Maldivian government as airport management rights as the company claims to have paid USD105 million to the Maldivian government.

A high ranking anonymous official of a political party told Haveeru that he is aware that IFC does not even have a bid evaluation report of the airport privatization agreement.

“Hence they have not evaluated the bids. This is the reason for the damage caused to the government. In addition, the government had been informed of an IFC conflict of interest while it evaluated the GMR bid. IFC is a company associated with GMR in many other projects. It is clear that IFC had issued loans to GMR on other projects. We believe that the government selected IFC to facilitate GMR for the airport project,” he said.

While pro-government coalition parties are accusing IFC of “questionable actions”, an IFC delegation had visited the Maldives last week and held discussions with the government. Haveeru is aware that IFC had answered questions posed by the government. Government had so far refrained from disclosing any details of the meeting.

In a letter by DQP to President Mohamed Waheed Hassan Manik, DQP accused the previous administration of have “rushed” through the process in “secrecy” to sign a deal which it suspects involved corruption of high level government officials.

The proposal signed by DQP President and Advisor to the President, Dr. Hassan Saeed stated that DQP requests the government to work to obtain the unpaid amount as airport development charge and insurance surcharge within the concession fee even if it means through litigation.

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