Cyril Amarchand Mangaldas (CAM) advised GMR Visakhapatnam International Airport (GMR) on financing of Bhogapuram International Airport by way of a rupee facility of INR 3,215 crore from a consortium of 5 banks/financial institutions led by India Infrastructure Finance Company Limited. The proceeds of the loan will be utilized towards construction and development of Phase – I of Bhogapuram International Airport, which will cater…
Tag: GMR Visakhapatnam
GMR Airports enters concession agreement with Andhra govt for the development of Bhogapuram Airport
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•GMR Visakhapatnam International Airport Limited, a 100% subsidiary of GMR Airports Ltd, announced that it has signed the Concession Agreement for the development and operations of Greenfield international airport at Bhogapuram in Andhra Pradesh with the Government of Andhra Pradesh. In April 2020, GAL had received the Letter of Award for implementation of project on…