Mopa International Airport Phase I

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GMR Goa International Airport Limited (GGIAL), a subsidiary of GMR Airports Limited (GAL), is developing a Greenfield Airport at Mopa in North Goa. This Airport Project is based on the Public Private Partnership (PPP) model, which is based on a Design, Build, Finance, Operate and Transfer (DBFOT) basis. The project will be implemented in 4 phases. GGIAL would be developed in stages initially to service about 5 million passengers per annum and will be scaled up as per traffic growth demands. This Airport will be a full-service airport catering to domestic and international passenger besides freight services. GGIAL expects the Airport to be in operation by May 2020 or earlier with a single runway to start with which is about 3.75 Km in length. The concession is to develop, operate & manage the Airport, was awarded to GAL on 28th August, 2016, following an International competitive bidding process. The concession agreement was signed between GMR Goa International Airport Ltd. and Govt. of Goa on 8th November 2016. The concession period is of 40 years with a possible extension of another 20 years through a bid process. The bidder was selected based on the revenue sharing model. GMR beat two other bidders by offering the highest revenue share of 36.99% to the state government. AAI offered 32.31% and Essel Infra Project Limited offered 27%. GMR Goa International Airport Limited estimated cost of Phase I of the project is Rs 1,900 crore ($289 million) and is being funded through debt (70%) and equity (30%). GMR Airports has closed Rs13.3 billion ($202.3 million) financing to fund the development of the new Mopa International Airport in Goa. Axis Bank is underwriting the 18-year debt financing package. The first part of the airport is scheduled to open around 2020. http://www.thehindubusinessline.com/economy/logistics/gmr-groupmegawide-consortium-is-preferred-bidder-for-clark-airport-in-philippines/article9994564.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication http://gmrgroup.in/GMR-Goa-International-Airport.aspx