GMR Airports receives LoA for greenfield international airport at Bhogapuram in Andhra Pradesh

GMR Airports, a subsidiary of GMR Infrastructure, announced that it has received the Letter of Award (LoA) for the development and operations of Greenfield international airport at Bhogapuram in Andhra Pradesh from the Government of Andhra Pradesh. In February 2019, GAL had emerged as the highest bidder for project on a PPP basis.

The project involves design, build, finance, construction, development, up-gradation, modernization, operation and maintenance of Greenfield International Airport at Bhogapuram for the period of 40 years, extendable by additional 20 years through international competitive bidding process, with GMR airports having RoFR of 10%.

Powered by Capital Market - Live News