Bengaluru-based GMR Airports, a subsidiary of GMR Infrastructure, today signed a concession agreement with Goa government to develop and operate greenfield airport project at Mopa in North Goa.
State Chief Minister Laxmikant Parskear was present for the event during which the government and GMR Airports formally signed an agreement to design, build, finance and operate the international airport for 40 years with the extension option for another 20 years.
The first phase of the project is expected to be completed by financial year 2019-20.
“GMR is proud to be associated with the new airport. I am sure this airport is going to create new landmarks in terms of performance,” said Srinivas Bommidala, Chairman-Airports, GMR Group.
The company has a track record of sticking to the deadlines, he said, adding that the Mopa airport will be completed in time. Zach Werenski Jersey