 "GMR Infra")
GMR Visakhapatnam International Airport Limited (GVIAL), a 100 per cent subsidiary of GMR Airports Limited, today announced that it has signed a Concession Agreement for the development and operations of a greenfield international airport at Bhogapuram, Andhra Pradesh, with the state government. The company had received the letter of award for implementing the project in April.
The project involves design, finance, construction, development, operation and maintenance of the airport for a period of 40 years, extendable by another 20 years through an international competitive bidding process in which GMR Airports Ltd would have the right of first refusal of 10 per
