GMR Hyderabad International Airport has reportedly commenced work for expanding the Hyderabad Airport. The group also launched the country’s first “Smart Greenfield Airport City” and the biggest convention centre in the country with a capacity to host 12,000 people.
The foundation stone has been recently laid for the expansion of the airport, which will see the development of a second runway and take up the capacity to 30 mppa, nearly doubling its existing capacity.
Hyderabad has been witnessing rapid economic growth and this is reflected in the growth of the passenger movement at the airport. Since 2014, when the new state was formed, passenger traffic growth rate has reportedly tripled from 7 per cent till 2014 to about 21 per cent YoY over the last four years.
As per estimates, the airport ecosystem has made tremendous contribution to the economy and growth of infrastructure. As reported, it is estimated to have contributed about Rs 76 billion to the national GDP and has helped create about 8,50,000 jobs in the state.