GMR Airports Emerges As Highest Bidder For Greenfield Airport In Andhra Pradesh
GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, has emerged as the highest bidder for the Development, Operations and Management of Greenfield International Airport at Bhogapuram, Andhra Pradesh (AP) on a PPP basis.
Andhra Pradesh Airports Development Corporation Limited (APADCL), had initiated the RFP process for a new airport at Bhogapuram in November 2018. The project involves design, build, finance, construction, development, up-gradation, modernization, operation and maintenance of the Bhogapuram airport for a period of 40 years. As part of the qualification process, APADCL had shortlisted seven applicants viz GMR Group, GVK, Dolt Infra, I-Investment, NIIF, Esse! and Reliance Infra. However, only GMR Group, GVK and Dolt Infra submitted their financial bids.
In Calendar Year 2018, the existing civil enclave at Vishakapatnam Naval Airfield has handled 2.33 mn passengers and -5000 Tons cargo. Over the past 4 years, the passenger traffic at the Vizag airport has grown at 14% CAGR while the Airport ranks 5th amongst the custom airports in India in terms of Cargo traffic.
The proposed greenfield airport site lies on the border of Visakhapatnam and Vizianagaram districts and is approximately 45 km from Visakhapatnam through NH-5 and 25 km from Vizianagaram via NH-43. The site is strategically located on the east coast and stands to get benefitted from the vast catchment area surrounding the region. Moreover, the beach corridor development is underway in proximity to the proposed International Airport in Bhogapuram which will provide impetus to retail and hospitality developments in the region.
- Issued By:ANDHRA PRADESH AIRPORTS DEVELOPMENT CORPORATION LIMITETD
- Bagged By:
- Region:Southern India
- State:Andhra Pradesh
- Industry:Transportation Services
- Published On:2019-02-27