GMR Goa International Airports Limited (GGIAL), a subsidiary of GMR Airports Limited, has secured INR13.3bn ($206m) in financing from India-based Axis Bank for the development of Mopa airport inGoa, India.
GMR Airports has signed the concession agreement with the state government of Goa, India for the development of northern Goa’s Greenfield International Airport.
A GMR Infrastructure-led consortium has secured an INR28.8bn ($432.2M) contract for the construction of a 221km road project in India.The stretch is part of the Eastern arm of the Dedicated Freight Corridor (DFC) project and will be executed on an engineering, procurement and construction (EPC) basis. The project, financed by World Bank, is split into two packages. The first package includes a 175km single line connecting Sahnewal and Pilkhani, passing through Uttar Pradesh, Haryana and Punjab, while the second package is a 46km double line corridor in Uttar Pradesh connecting Dadri and Khurja.Under the contract, the consortium will be responsible for the design and construction of civil, structures and track works for single and double lines.GMR Infra said that the two packages are anticipated to be complete in 44 and 36 months respectively.