IFC to help modernise Maldives Airport to sustain tourism-based economy

International Finance Corpoation (IFC), a member of the World Bank Group, announced (18-Aug-09) plans to work with the Government of Maldives to modernise Malé Airport to improve efficiencies, provide better services to passengers, and help sustain the country's tourism-based economy amid the global economic slowdown. IFC's advice has been sought to help Maldives Airport Co Ltd attract private investors, structure the privatised entity, and develop a tariff framework and an appropriate investment plan. [more]