Angkasa Pura Aviasi (APA), the GMR Group’s joint venture with Indonesia’s state-owned PT Angkasa Pura II, have started operating the Kualanamu International Airport in Medan, Indonesia.
With this, GMR Airports, a subsidiary of GMR Infrastructure, has entered the growing Indonesian aviation market. The project envisages a cooperation period of 25 years, according to a release.
The joint venture formally took over the operations of Medan airport in the presence of Budi Karya Sumadi, Minister of Transportation; Erick Thohir, Minister of State-Owned Enterprises; Edy Rachmayadi, Governor of North Sumatra, and Muhammad Awaluddin - President Director, Angkasa Pura II, the release said.
Currently, GMR Group is operating the Delhi and Hyderabad airports as well as the Mactan Cebu International Airport (MCIA) in the Philippines. It also recently finished the construction of Clark Airport in the Philippines and is coming up with a new airport at Crete in Greece.
GMR Airports had bid for the development and operation of Medan airport and the international selection process was conducted by PT Angkasa Pura II to select a strategic partner. In November 2021, GMR Airports was announced as the winning bidder, and entered into a 49:51 partnership with PT Angkasa Pura II.
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