By: M4G Bureau
Last updated : April 15, 2020 8:43 am
The contract is awarded for 40 years
Commenting on this, GBS Raju, Business Chairman GMR Airports said, “We are partnering with Government of Andhra Pradesh to develop, operate and manage the prestigious Bhogapuram International Airport. We are excited about the potential of this region.”
The proposed airport site lies on the border of Visakhapatnam and Vizianagaram districts, and is approximately 45 km from Visakhapatnam city and 25 km from Vizianagaram.
The site is strategically located on the east coast and it stands to benefit from the vast catchment area. Moreover, the beach corridor development is underway near the proposed airport which will provide impetus to retail and hospitality sectors. In February 2019, the GAL emerged as the highest bidder for the project on a PPP basis, a release issued by the company said.