Thursday, November 18, 2021

GMR wins bid to develop and operate Medan Airport in Indonesia

New Delhi: Expanding its overseas footprint, aviation infra major GMR Group has won the bid to develop and operate the Kualanamu International Airport in Medan, Indonesia. It will tie up with state-owned Angkasa Pura 2 (AP2), which handles 15 airports in the country including at capital Jakarta, and operate Kualanamu for 25 years.

GMR, the largest private airport operator in Asia and fourth largest globally, handles over 17.2 crore passengers annually in pre-Covid times. Its operational airport portfolio includes India’s busiest IGIA in Delhi, Hyderabad and Mactan-Cebu International Airport in Cebu, Philippines. GMR is currently developing three major greenfield airports at Goa, Visakhapatnam and Crete in Greece.

Srinivas Bommidala, chairman of GMR Group’s energy and international airports vertical, said: “GMR Airports Limited is delighted to have been announced the winning bidder for the development and operation of Kualanamu International Airport in Medan, Indonesia. The project marks the entry of GMR Airports in fast growing Indonesian aviation sector – the largest in ASEAN and a high potential market… (committed) to transform Medan Airport into a western International hub of Indonesia.… The bid win also reinforces GMR Group’s credentials as one of the largest airport developers and operators across the world.”

In a statement said, GMR Group said AP2 informed it about completing the final evaluation process for selection of strategic partnership for the Medan Airport with the infra major emerging as the winning bidder. GMR Airports Ltd and its wholly owned subsidiary, GMR Airports International BV had bid for the project as consortium.

18/11/21 Saurabh Sinha/Times of India

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