IndiaCatalog.com
India News
Search Web Directory
News Home
GMR to spend $700 mn for airport projects in Philippines, Goa
Posted on 7th September 2016
Diversified group GMR on Wednesday said it plans to spend $700 million on airport projects in Cebu, the Philippines and Goa in a little over three years.

Currently, GMR is operating airports in the national capital, Hyderabad and Cebu under different public private partnerships.

"We have plans of spending another $700 million (over Rs 4,600 crore) for Cebu and Goa airports," GMR Airports President (Finance and Business Development) Sidharath Kapur said.

He was speaking at the inaugural session of Global Airport Development (GAD) conference — which is taking place under the aegis of GMR Airports Ltd and Delhi International Airport Ltd (DIAL) — here.

According to the concession agreement signed between GMR Megawide Consortium (GMCAC) and Philippines' Department of Transportation and Communication (DOTC), the former has taken operational control for renovation & modernisation of Mactan Cebu International Airport (MCIA) from November 2014, according to GMR website.

Last month, GMR Airports won the bid for development and operation of Mopa green field airport in North Goa. The concession period for the project would be 40 years with a possible extension of another 20 years through a bid process.

The airport would be built under the BOT (Build Operate Transfer) model.

On Tuesday, Kapur said DIAL, the joint venture firm, which operates the aerodrome in the national capital, was looking to raise up to Rs 3,000 crore, including through Masala bonds to refinance debt.

Related Companies: GMR Group   

Other Latest News
Power bill over Rs 100,000? Now it's must to file income-tax return
Posted on 1st June 2020
The government has notified new income-tax return forms for 2019-20, making it mandatory for high spenders to file ITR and allowing assesses to avail benefits of extended timelines in view of Covid-19.

People incurring large spending will not be able to escape paying taxes, with the government making filing mandatory in specific cases even in their income is below the taxable limit.

Wajid Khan, of music composer duo Sajid-Wajid dies at 42
Posted on 1st June 2020
Wajid Khan, of music composer duo Sajid-Wajid, died at the age of 42. The news was confirmed by singer Sonu Nigam, who posted a picture on Instagram and wrote, My brother Wajid left us.

Speaking about his health condition, music composer Salim Merchant told PTI, He had multiple issues. He had a kidney issue and had a transplant a while ago. But recently he got to know about kidney infection... He was on the ventilator for the last four days, after his situation started getting worse. Kidney infection was the beginning and then he got critical.

Delhi-Noida border to remain closed for movement of people
Posted on 1st June 2020
The Gautam Budh Nagar administration on Sunday announced that the Noida-Delhi border will continue to remain closed for the movement of public.

Announcing the latest guidelines for Unlock 1, Gautam Budh Nagar District Magistrate said that the decision was taken as the source of infection in 42 per cent of coronavirus cases in Noida in the last 20 days has been traced to Delhi.

Two Pakistan High Commission officials in Delhi caught spying; to be declared persona non grata
Posted on 1st June 2020
Two officials at Pakistan High Commission in Delhi were caught spying by Indian authorities on Sunday.

Abid Hussain and Tahir Hussain, working in the visa section of the Pakistan High Commission, were nabbed while they were engaged in an unwanted anti-India activity. They used to roam around assuming fake Indian identities.

200 special trains to operate from June 1, 1.45 lakh passengers to travel on opening day
Posted on 1st June 2020
After the Ministry of Home Affairs (MHA) issued guidelines on Sunday for reopening the country in a phased manner, It is to be noted that 200 special trains will ply across the country starting fro June 1.

More than 1.45 lakh passengers booked tickets to travel on the starting day, June 1.

Around 26 lakh passengers booked tickets for the special train during the entire month of June.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for GMR to spend $700 mn for airport projects in Philippines, Goa
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for GMR to spend $700 mn for airport projects in Philippines, Goa

Most Read News

Uber trims a quarter of its India workforce, lays off 600 employees

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

Gold prices hit two-week low on optimism around reopening of economies

GDP growth in 2019-20 slows to 11-year low of 4.2%, Jan-Mar growth dips to 3.1%

Centre revises guidelines for international arrivals, reduces institutional quarantine period to 7 days

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2020 IndiaCatalog.com
    All Rights Reserved
Privacy Statement