Latest News | GMR Emerges Winner for Indonesian Airport Development, Operations
Get latest articles and stories on Latest News at LatestLY. , the state-owned enterprise and the bidding authority for the Medan Airport has informed that they have completed the best and final evaluation process for selection of strategic
Angkasa Pura 2 (AP2), the state-owned enterprise and the bidding authority for the Medan Airport has informed that they have completed the best and final evaluation process for selection of strategic
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partnership for the aerodrome and have announced GMR Airports as the Winning Bidder, a press release from GMR said.
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Medan is the fourth largest urban area in the country and is capital of North Sumatra province. GMR will enter into 49:51 partnership with AP2 for this project. The consortium will transform Kualanamu
International Airport into Western International hub of Indonesia, it said.
The airport handled more than 10 million passengers in 2018. The project scope includes operation, development and expansion of the airport over a period of 25 years. Kualanamu International Airport is an operating Airport with healthy cash flows.
GMR Airports won the bid for this high growth potential brownfield airport, through a closely contested international competitive bid process and will partner with Angkasa Pura 2 (AP2). The letter of award is expected to be issued in next few days, post bid formalities, while signing of project agreements before end of the year.
Commenting on the development, Srinivas Bommidala, Chairman Energy & International Airports, GMR Group, said, "GMR Airports Limited is delighted to have been announced the winning bidder for the development and operation of Kualanamu International Airport in Medan, Indonesia."
The project marks the entry of GMR Airports in fast growing Indonesian Aviation sector – the largest in ASEAN and a high potential market and the group would like to take the opportunity to reiterate its
commitment to transform Medan Airport into a Western International hub of Indonesia and contribute to overall infrastructure development of the country, he further said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)