India-based Renaatus Projects Contracted to Develop Gan International Airport

Addu International Airport Private Limited (AIA) has enlisted the services of Renaatus Projects Private Limited, an India-based company, to oversee the development of Gan International Airport (GIA). The agreement was formally signed by Gais Naseer, Managing Director of AIA, and Selvasundaram Poosapan, Chairman of Renaatus Projects.

During the signing ceremony, Managing Director Naseer emphasized the interdependence of the development of Addu City and GIA. He disclosed that AIA is planning to construct two city hotels in Gan, and anticipates that the successful completion of all the initiatives will stimulate the economy of the southern region of the Maldives and generate benefits for businesses and inhabitants.

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The High Commissioner of India to the Maldives, Munu Mahawar, also attended the ceremony, and affirmed that the development of GIA would be expeditious and effective, just like the Hanimaadhoo International Airport project. He also acknowledged the projects that India has assisted with that have contributed to the growth of Addu.

The project to develop GIA is financed by the Exim Bank of India’s line of credit, with a budget of USD 29 million. The initiative aims to upgrade the airport to accommodate 1.5 million passengers annually and involves the creation of a new domestic terminal, control tower, and fire station, as well as the renovation of the current terminal, duty-free shops, and restaurants. In addition, a new control tower, fire station, cargo facilities, roads, parking lots, and a pathway to the airport will be built, and solar panels will be installed.

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