GVK to develop two airports in Indonesia

GVK Power and Infrastructure Ltd GVKPIL) has signed two MoUs with the Indonesian government to develop greenfield international airports in North Bali and Yogyakarta, Java. The MoU for the Bali airport is an agreement between Badan Koordinasi Penanaman Modal (BKPM — a board set up by the Indonesian government for the facilitation of domestic and foreign investment), PT Pembangunan Bali Mandiri (a special purpose vehicle for airport development) and GVKPIL.