The 'Ugly Indian'?

Most people in India have assumed that the Maldives is guilty of breach of contract in the case of the Malé airport, and GMR the victim. But is there another side to the story? The contract was a revenue-sharing arrangement (one per cent till 2014, 10 per cent after that; also 15 per cent and 27 per cent revenue share on fuel). The contract allowed GMR to charge an airport development fee (users of Delhi airport, also run by GMR, will be familiar with this issue).

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