Andhra Pradesh govt awards Bhogapuram airport project to GMR
NEW DELHI: GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Ltd, today said that it has received the Letter of Award (LoA) for the development and operations of Greenfield international airport at Bhogapuram in Andhra Pradesh for a period of up to 60 years.
In February 2019, GAL had emerged as the highest bidder for project on PPP mode.
“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 limited having RoFR of 10%,” said a release from the company.
