GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, has won the international competitive bid for development and operation of Mopa Greenfield Airport in North Goa. The concession period for the greenfield project will be 40 years with a possible extension of another 20 years through a bid process. The airport will be built under the BOT (Build-Operate-Transfer) model.
GMR won the bid through a closely contested competitive bid process, with Airports Authority of India emerging as the second highest bidder, followed by the consortium of Essel Infra-Incheon emerging third.
The letter of award is expected to be issued within 60 days, while signing of concession agreement will be done within 45 days from the date of issuance of award letter. Commenting on the development, Srinivas Bommidala, Chairman Airports, GMR Group, said,?GMR Airports Limited is delighted to have won the bid for the development and operation of Mopa Greenfield airport in Goa.