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GMR inks pact with Andhra govt to develop greenfield airport near Vizag

GMR won the bid by offering to pay Rs 303 per passenger fee

GMR
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The project has been mired in allegations of financial kickbacks

Arindam Majumder New Delhi
After two years of confusion, airport major GMR Infrastructure has signed an agreement with the Andhra Pradesh government to develop a greenfield airport at Bhogapuram, near the port city of Visakhapatnam. An agreement to this effect was inked on Friday in the presence of Chief Minister Y S Jagan Mohan Reddy and G B S Raju of GMR Group.
 
GMR won the bid by offering to pay Rs 303 per passenger fee; GVK had offered Rs 202. Reliance Airport Developers, Essel Infraprojects, Fairfast India Holdings, and National Investment and Infrastructure Fund had also participated in the bidding.
 
The project has

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First Published: Jun 14 2020 | 12:54 AM IST

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