Government Cancels Seven Cross-Subsidy Agreements

The Mohamed Muizzu administration's Economic Council has decided to cancel seven cross-subsidy agreements meant to finance domestic airport development, due to unpaid dues. Principal Secretary Abdulla Nazim Ibrahim confirmed the decision at a press conference, stating that payment deadlines had been extended previously but no realistic expectation of payment remained. The specific agreements were not identified.

The Mohamed Muizzu administration's Economic Council has decided to cancel seven cross-subsidy agreements meant to finance domestic airport development, due to unpaid dues. Principal Secretary Abdulla Nazim Ibrahim confirmed the decision at a press conference, stating that payment deadlines had been extended previously but no realistic expectation of payment remained. The specific agreements were not identified.

The Mohamed Muizzu administration's Economic Council has decided to cancel seven cross-subsidy agreements meant to finance domestic airport development, due to unpaid dues. Principal Secretary Abdulla Nazim Ibrahim confirmed the decision at a press conference, stating that payment deadlines had been extended previously but no realistic expectation of payment remained. The specific agreements were not identified.

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