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GMR Airports Limited signs Concession Agreement for Nagpur Airport

Infrastructure  -  Oct 09,2024  - 

GMR Airports Limited (GAL) has officially embarked on the transformation of Dr. Babasaheb Ambedkar International Airport in Nagpur, a key initiative that underscores the Government of India’s vision for robust infrastructure development in the aviation sector.

Prime Minister Narendra Modi graced the groundbreaking ceremony for the upgradation and modernization of the airport, marking a historic step towards modernizing this strategic aviation hub in Central India.

The first phase of this transformation includes enhancing the passenger terminal capacity to 4 million passengers annually. This ambitious project will also involve upgrading existing infrastructure, building a modern cargo terminal, and improving airside facilities with a new Air Traffic Control (ATC) tower.

Another significant milestone was achieved as GMR Nagpur International Airport Ltd. (GNIAL, a 100% subsidiary of GAL) and MIHAN India Limited executed the concession agreement for the project.

G B S Raju, Business Chairman – Airports, GMR Group, emphasized GAL’s commitment to world-class standards. He said, “With our proven track record of transforming aviation infrastructure in India and overseas, GMR is committed to delivering a world-class airport at Nagpur. The airport will serve as a global gateway, reflecting Nagpur’s status as an emerging economic hub. This development aligns with Hon’ble Prime Minister Narendra Modi’s vision to drive India’s aviation growth and the Government of Maharashtra’s commitment to building world-class infrastructure. The Nagpur Airport project is expected not only to improve connectivity, passenger experience and set new benchmarks in India’s aviation sector but also become the economic growth engine for the state of Maharashtra.”

 

Company : GMR Airports Limited (GAL)