GMR signed stakeholders agreement for developing Medan Airport
AVIATION & AIRPORTS

GMR signed stakeholders agreement for developing Medan Airport

GMR Group told the media that it had signed a stakeholders agreement with Indonesia's Angkasa Pura II for developing the Medan Airport.

GMR Airports has won the tender for the potential brownfield airport through the international competitive bidding process.

It received the letter of award for the airport project on 23 November.

Medan in Indonesia is an operating airport with healthy cash flow, which handled over 10 million passengers in 2018.

GMR Airports has signed the stakeholders' agreement and share subscription agreement (SSA) with Angkasa Pura II (APII) for the development and operations of Kualanamu International Airport in Medan.

Chairman of Energy and International Airport, GMR Group, Srinivas Bommadala, said that this partnership would support the Indian government's policy to Look East. The company aspires to transform the airport into a western international hub of Indonesia and contribute towards the overall development of the country.

The aviation project work includes operation, development and expansion of the airport over 25 years and transforming the Kualanamu International Airport into the Western International hub of Indonesia.

GMR Airports and GMR Airports Limited participated as a consortium for the bidding process.

Image Source

GMR Group told the media that it had signed a stakeholders agreement with Indonesia's Angkasa Pura II for developing the Medan Airport. GMR Airports has won the tender for the potential brownfield airport through the international competitive bidding process. It received the letter of award for the airport project on 23 November. Medan in Indonesia is an operating airport with healthy cash flow, which handled over 10 million passengers in 2018. GMR Airports has signed the stakeholders' agreement and share subscription agreement (SSA) with Angkasa Pura II (APII) for the development and operations of Kualanamu International Airport in Medan. Chairman of Energy and International Airport, GMR Group, Srinivas Bommadala, said that this partnership would support the Indian government's policy to Look East. The company aspires to transform the airport into a western international hub of Indonesia and contribute towards the overall development of the country. The aviation project work includes operation, development and expansion of the airport over 25 years and transforming the Kualanamu International Airport into the Western International hub of Indonesia. GMR Airports and GMR Airports Limited participated as a consortium for the bidding process. Image Source

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?