GGIAL seals Rs.1,330 cr funding deal

    GMR Goa International Airports Ltd
    In an encouraging development in the aviation sector, the GMR Goa International Airports Ltd (GGIAL) has recently sealed a successful Rs.1,330 crore deal by signing an agreement for the development of Greenfield airport at Mopa, said official sources, claiming that GMR Airports Ltd. had won the bid to develop & operate the Greenfield airport at Mopa in north Goa last year and the concession agreement was also signed late last year. GMR Group is delighted to be partnering with government of Goa for development of a new civilian airport, which will become the gateway to the state of Goa. Having tied up funding for the project, the company is all set to start working towards launching ground construction activity post monsoon, President, GMR Airports Ltd., Sidharath Kapur said that the entire debt of Rs.1330 crore was underwritten by Axis Bank on long tenor door-to-door basis of 18 years on competitive terms.
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