The GMR Group has secured the Andhra Pradesh Cabinet approval for developing the greenfield Bhogapuram International Airport about 35 km from Visakhapatnam.
The State Cabinet, chaired by Chief Minister YS Jagan Mohan Reddy, approved the development of the Bhogapuram airport, which was earlier cleared for development under the public-private-partnership (PPP) mode.
In February 2019, the diversified infrastructure company GMR had become the successful bidder outbidding GVK and Doit offers. The process was based on revenue share model and the project cost was then pegged at ₹2,700 crore, to be completed in 36 months.
