• GMR wins bid for Mopa Greenfield airport

    GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Ltd, has won the bid for development and operation of Mopa Greenfield Airport in North Goa.

    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.

    Th regulatory regime for the concession will be hybrid till with 30 per cent cross subsidy. The concession offers 232 acres of land for commercial city side development for a period of 60 years.

    “We will deliver an airport worthy of the state of Goa well within the project timelines,’’ Srinivas Bommidala, Chairman Airports, GMR Group, said in a release issued here on Saturday.

    The Airports Authority had ended up as the second highest bidder followed by the consortium of Essel Infra-Incheon. Jordin Tootoo Authentic Jersey

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