Home Business GMR Group to run Hyderabad Airport for 30 extra years, until March 2068 now

GMR Group to run Hyderabad Airport for 30 extra years, until March 2068 now

GMR Group to run Hyderabad Airport for 30 extra years, until March 2068 now

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NEW DELHI: The GMR Group can run now run Hyderabad’s Rajiv Gandhi International Airport (RGIA) until 2068. The Centre has prolonged GMR Hyderabad Worldwide Airport Restricted’s (GHIAL) time period of the concession settlement for an extra 30 years — from March 23,2038 to March 22, 2068, GMR Group stated in a regulatory submitting on Wednesday.
India’s first greenfield airport constructed underneath public personal partnership mannequin, RGIA was commissioned in 31 months and inaugurated in March 2008.
Its preliminary capability was 1.2 crore passengers every year, which went as much as 2.1 crore in 2019 (pre-covid). The airport is at present present process main enlargement that may elevate its capability to three.4 crore passengers every year. The airport’s grasp plan envisages an final capability of over 10 crore passengers every year.
GMR Group says it’s the largest personal airport operator in Asia and the second largest on the earth with a passenger dealing with capability of over 18.9 crore yearly. It operates airports in Delhi Hyderabad and Cebu in Philippines. It just lately bagged the event and operation rights of Kualanamu Worldwide Airport in Medan, Indonesia. The Group is at present growing three greenfield airport tasks — Goa and Bhogapuram airports in India and Crete airport in Greece.

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