Don’t miss the latest developments in business and finance.

GMR Airports signs Concession Agreement for North Goa's Greenfield Airport

Image
Capital Market
Last Updated : Nov 08 2016 | 1:01 PM IST

Expected to be operational by mid 2020

GMR Airports, subsidiary of GMR Infrastructure, signed the Concession Agreement with Government of Goa for the development and operation of north Goa's Greenfield International Airport at Mopa.

As per the concession agreement, GMR will design, build, finance and operate the international airport for 40 years with extension option for another 20 years. The construction period for the first phase of the project is three years from the date of financial closure and is expected to be operational by mid of 2020.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Nov 08 2016 | 12:43 PM IST

Next Story