GMR to develop and run new airport at North Goa

dabolim_airport_goaGMR Airports, the company that runs Delhi and Hyderabad airports, has won the bid to develop and operate a new airport in North Goa. “GMR Airports, a subsidiary of GMR Infrastructure has won the international competitive bid for development and operation of Mopa Greenfield Airport in North Goa,” as per BSE release. The company is going to built this airport on BOT (Build Operate Transfer) model and the concession period for the said project will be 40 years with a possible extension of another 20 years through a bid process. The letter of award is expected to be issued within 60 days, while signing of concession agreement will be done within 45 days from the date of issuance of award letter.

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