PPM, PNC deny ordering MACL to handover seaplane terminal to TMA

Opposition coalition Progressive Party of Maldives (PPM) and People's National Congress (PNC) on Wednesday, denied instructing Maldives Airports Company Ltd (MACL) to handover the newly built seaplane terminal to any particular party, at any particular rate.

In a press statement, the coalition responded to Minister of Finance Ibrahim Ameer's accusations that former president Abdulla Yameen Abdul Gayoom's government ordered MACL to lease 31,000 square meters of the terminal to Trans Maldives Airways (TMA) well below the market rate, at a rate of USD 10.35 per square meter, for a period of 15 years.