 "GMR")
After two years of confusion, airport major GMR Infrastructure has signed an agreement with the Andhra Pradesh government to develop a greenfield airport at Bhogapuram, near the port city of Visakhapatnam. An agreement to this effect was inked on Friday in the presence of Chief Minister Y S Jagan Mohan Reddy and G B S Raju of GMR Group.
GMR won the bid by offering to pay Rs 303 per passenger fee; GVK had offered Rs 202. Reliance Airport Developers, Essel Infraprojects, Fairfast India Holdings, and National Investment and Infrastructure Fund had also participated in the bidding.
The project has
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