Bhogapuram Airports (GAL), a subsidiary of GMR Airport, has received letter of award (LoA) for the development and operations of a greenfield international airport at Bhogapuram in Andhra Pradesh from the state government. It may be recalled that last year GAL had emerged as the highest bidder for the project on a PPP basis. The scope of work in the project involves designing, build, finance, construction, development, up-gradation, modernization, operation and maintenance of the airport for a period of 40 years, extendable by additional 20 years through the international competitive bidding process, with GMR Airports having RoFR of 10 percent. Business Chairman GMR Airports,GBS Raju, said that the company is very happy to be a partner with the Government of Andhra Pradesh to develop, operate and manage the prestigious Bhogapuram International Airport.
📅Published on:
15 April 2020
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