GMR Airports, part of infrastructure conglomerate GMR group, emerged as the highest bidder to develop a new airport at Bhogapuram near Visakhapatnam in Andhra Pradesh. The first phase of the project, to handle 6 million passengers a year, is estimated to cost INR 2,300 crore. GMR Airports outbid the GVK Group and Dolt Smart Infrastructure for the contract to build, operate and manage the Greenfield international airport on India’s east coast. The GMR group currently operates two international airports in India — New Delhi and Hyderabad — and Mactan Cebu International Airport in partnership with Megawide in the Philippines. It is developing new airports at Mopa in Goa and Crete Island in Greece and had last October won the project for Nagpur airport. In a consortium with Megawide, it was recently awarded the Clark International Airport in the Philippines on an engineering, procurement and construction basis. GMR’s current 1 and upcoming airports will together I have capacity to 1 handle around 159 million passengers a year. The group is also developing airport cities next to the airports in New Delhi and Hyderabad. “We have opened the price bids. GMR is the highest bidder,” Ajay Jain, Andhra Pradesh’s principal secretary for infrastructure & investments, said, “Project award will take time as it has to be approved by the cabinet.”
Source: The Economic Times
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