NEW DELHI: GMR Airports has emerged as the highest bidder for building a Greenfield international airport at Bhogapuram, near Visakhapatnam in Andhra Pradesh. GMR offered a revenue share of Rs 303 per passenger with the government, while Doit Smart Infrastructure India and GVK, offered Rs 261and Rs 207, respectively.
State-run Airports Authority of India (AAI) had won the bid for this airport, which is to be developed in three phases for Rs 4,200 crore, in 2017 by offering a higher revenue share with the state than GMR. But last January, the AP government had cancelled that award and then called for fresh bids for this airport.
AP Airports Development Corporation (APADCL), had initiated the RFP process for new airport at Bhogapuram in November 2018. The project involves design, build, finance, construction, development, up-gradation, modernization, operation and maintenance of the Bhogapuram airport for a period of 40 years.
