GMR Goa International Airport (GGIAL), a subsidiary of GMR Airports (GAL), is developing a greenfield airport at Mopa in North Goa. This project is based on the PPP model, on a design-build-finance-operate-transfer (DBFOT) basis. The concession to develop, operate and manage the airport was awarded to GAL on August 28, 2016, following an international competitive bidding process. The concession agreement was signed between GGIAL and the Goa government on November 8, 2016. The concession period is for 40 years with a possible extension of another 20 years through a bid process.