GVIAL Inks Agreement For Bhogapuram Airport
GMR Visakhapatnam International Airport (GVIAL), a 100 per cent subsidiary of GMR Airports (GAL), has inked a concession agreement with the government of Andhra Pradesh for development and operations of greenfield international airport at Bhogapuram in Andhra Pradesh.
In April 2020, GAL had received the letter of award (LoA) for implementation of the project on PPP basis.
The project involves design, build, finance, construction, development, operation and maintenance of greenfield international airport at Bhogapuram for a period of 40 years.
The proposed greenfield airport site lies on the border of Visakhapatnam and Vizianagaram districts, and is approximately 45 km from Visakhapatnam through NH-5 and 25 km from Vizianagaram via NH-43.
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