Addu International Airport Private Limited (AIA) has contracted India-based Renaatus Projects Private Limited to develop Gan International Airport (GIA). The agreement was signed by the Managing Director of AIA Gais Naseer and Chairman of Renaatus Projects Selvasundaram Poosapan.
At the signing ceremony, Managing Director Naseer said that the development of Addu City is linked to the development of GIA. He noted that AIA is preparing to develop two city hotels in Gan and said that the completion of all of the projects will boost the economy of the southern region of the Maldives and benefit businesses and residents.
Also at the ceremony, the High Commissioner of India to the Maldives Munu Mahawar assured that the development of GIA will be as fast and efficient as the development of Hanimaadhoo International Airport. He also highlighted the projects being conducted with India’s assistance that contribute to the development of Addu.
The development of GIA will be carried out under the line of credit of the Exim Bank of India. The project aims to develop GIA to serve 1.5 million passengers per year and includes the construction of a new domestic terminal, control tower, and fire station, as well as upgrading and renewing the current terminal, duty-free shops, and restaurants.
A new control tower, fire station, cargo facilities, roads, and parking areas will be developed under the project. It also includes paving a new path that leads to the airport, as well as installing solar panels. The estimated cost of the project is USD29 million.