GMR subsidiary signs agreement to build new Indian airport - Airport World

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GMR Airports Ltd confirmed that that one of its wholly-owned subsidiaries has signed an agreement with the government of Andhra Pradesh to build and develop a new greenfield airport at Bhogapuram. The airport will be designed, financed, built and operated by GMR Visakhapatnam International Airport Limited (GVIAL) in exchange for a 40 year concession, which is potentially extendable by an additional 20 years.
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