Singapore’s Changi Airport Group has agreed to oversee the development of Ibrahim Nasir International Airport (INIA), reports Haveeru.
The company, which manages Singapore’s multiple award-winning Changi airport, will officially announce the deal at a ceremony on Monday morning.
The development of INIA will be financed through China’s Exim bank, reported cabinet members earlier this month. Beijing Urban Construction Group were reported to have been working with Maldives Airports Company Ltd on the plans.
Tourism minister Ahmed Adeeb has previously explained that Changi would be hired as consultants as they are better qualified to work with Chinese and Japanese contractors.
Preliminary contract agreements for the development of the airport – stalled after the termination of the previous deal with India’s GMR in 2012 – were signed during the visit of Chinese President Xi Jinpeng in September.