GMR’s Hyderabad airport unit raises $300 mn via overseas bonds to fund expansion

GMR Hyderabad International Airport, a subsidiary of GMR Ltd, said that it has raised $300 million by issuing bonds to international investors to fund the expansion of Rajiv Gandhi International Airport at Hyderabad. The company wants to increase the passenger capacity of the airport to 34 million passengers per annum from 25 million now. GHAIL […]

GMR emerges as top bidder for Philippines airport

Infrastructure major GMR Group said it has emerged, along with a partner, as the top bidder in a race to construct a new eight-million-passenger airport in Philippines, and expects to get the order in one week. The company, along with partner Megawide Construction Corporation, submitted the most competitive financial bid, it said. “Clark airport is […]

GMR wins contract for Crete airport with partner

GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, said it won the contract to develop, operate and manage the new international airport of Heraklion at Crete in partnership with a Greek company. GMR Airports Limited will be the designated Airport Operator in the consortium for this project. Heraklion Airport, located in Crete, is the […]

GMR takes over Cebu airport in Philippines

GMR-Megawide Cebu Airport Corporation (GMCAC) a joint venture between GMR Group and Megawide Construction Corporation has taken full operational control of the Mactan Cebu International Airport (MCIA) in Cebu, Philippines. The MCIA is Philippine’s first airport to be privatized under the administration’s ambitious PPP programme aimed at modernizing key infrastructure assets. In the international competitive […]