Tag Archives: Concession Agreement

GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, signed the Concession Agreement with Goa Government for the development and operation of north Goa’s Greenfield International Airport at Mopa. The agreement is signed by R.V. Sheshan, CEO, GMR Goa International Airport Limited (GGIAL) and R.K. Srivastava, Chief Secretary, Government of Goa in the presence of Laxmikant Yashwant Parsekar, Goa Chief Minister, Srinivas Bommidala, Chairman-Airports, GMR Group and other dignitaries. 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. Srinivas Bommidala, Chairman-Airports, GMR Group, said, “We are excited about the project and the opportunity to partner with the Government of Goa. GMR Group has already delivered landmark airport assets for the Country. Delhi International Airport which is the ‘Gateway of India’ today ranks as the Number One Airport in the World in its category. This has brought tremendous pride to the Country and all Indians. Worldwide airports have been the economic engine of the Country/Region, and Delhi Airport has tremendously boosted not only the India’s economy but also the Delhi State economy. GMR Group very humbly takes pride in being the custodians of these national assets thus contributing towards our Hon’ble Prime Minister Shri Narendra Modi’s vision of developing a progressive India.

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