GMR Airports limited (GAl), a subsidiary of GMR Infrastructure limited, has won the international competitive bid for development and operation of Mopa Greenfield Airport in North Goa, a statement of the company said here on Saturday.
The GMR group is also setting up a 1,370 MW (2X685 MW) super critical coal based power plant in Chhattisgarh’s Raikheda which is based at Tilda block in Raipur district.
GMR won the Mopa Greenfield Airport bid through a closely contested competitive bid process with Airports Authority emerging as the second highest bidder followed by the consortium of Essel Infra-Incheon emerging third. The concession period for the Greenfield project will be 40 years with a possible extension of another 20 years through a bid process. The airport will be built under the BOT (Build Operate Transfer) model.
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.
Commenting on the development, Srinivas Bommidala, Chairman Airports, GMR Group, said, “GMR Airports limited is delighted to have won the bid for the development and operation of Mopa Greenfield airport in Goa. We take this opportunity to reiterate our commitment to contributing to infrastructure development of India and assure the central and State Governments that we will deliver an airport worthy of the state of Goa well within the project timelines’’.
GMR Group is a leading global infrastructure conglomerate with interests in Airport, Energy, Transportation and Urban Infrastructure.
The group has fifteen power generation projects of which ten are operational and five are under development; nine operating road assets and a double rail track line between Mughalsarai-New Bhaupur (Kanpur) of Eastern Dedicated Freight Corridor under development.