In coordination with the IFC and the Maldivian Government, Male International Airport in the Maldives will soon embark on a modernisation programme in order to improve passenger services and boost tourism.
IFC, a member of the world bank, will help the airport to attract private investors, structure a concession agreement between the government and investors, and develop a tariff fixation framework and investment plan.
The tender process for the modernisation project, launched with IFC's assistance in October 2009, is now in the implementation stage.
Following a bidding period, the Maldivian Government has shortlisted six international and experienced airport operators for the project.
IFC and the government are now expected to issue the request for proposals and other related documents by the end of February 2010.