GMR Goa International Airport concludes fund raising for Mopa Airport project

Secures loan of Rs 1330 crore from Axis Bank

GMR Goa International Airports, a subsidiary of GMR Airports and a step down subsidiary of the Company have successfully executed debt facility agreement for the development of Greenfield airport at Mopa.

The entire debt of 1330 crore was underwritten by Axis Bank on long tenor door to door basis of 18 years on competitive terms.

GMR Airports had won the bid to develop & operate the Greenfield airport at Mopa in North Goa last year and the concession agreement was signed on 8 November 2016.

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