GMR Group to invest Rs.50 bn on Bhogapuram

GMR Group Favoured for Manila Airport Project

In a significant development in the aviation sector, the GMR Group is emerging as a leading contender for the prestigious $3 billion Manila airport project. The competition for this substantial infrastructure venture is fierce, but GMR Group's expertise and track record place them among the top favorites.

The Manila airport project, valued at $3 billion, has garnered attention from global players seeking to contribute to the flourishing aviation landscape. GMR Group's strong reputation in delivering successful airport projects positions them as a frontrunner in this competitive bid.

Govt rejects Delhi Airport's request for development fee

The government has refused to grant permission to Delhi airport for imposing an airport development fee (ADF) to fund a Rs 35 billion elevated air train corridor connecting its three terminals. Instead, the Ministry of Civil Aviation has instructed the GMR Group-operated Delhi International Airport Ltd (DIAL) to explore alternative funding methods and later impose a user development fee (UDF) once the train becomes operational.

DIAL is currently seeking external funding, either through debt or equity, according to a senior executive of the private airport. The air train project aims to..

GMR-Led consortium competes for $3 bn Manila Airport upgrade contract

As per local media reports, a consortium led by the GMR Group is actively competing for a $3 billion contract to upgrade and manage the Manila International Airport in the Philippines. The consortium, comprising GMR Airports International BV along with local partners House of Investments Inc and Cavitex Holdings Inc, aims to enhance terminals, expand passenger capacity to over 60 million annually, and implement technological advancements at the Ninoy Aquino International Airport, the country's primary entry point, as outlined by the Philippine Transportation Department. The concession period s..

Noida Airport to be linked by expressway, rapid rail, and pod taxi

The construction of Noida International Airport, also known as Jewar airport, was in its final stages, and passenger services were expected to begin in October. The airport would be linked by six roads and a rapid rail-cum-metro, in addition to pod taxis.

Upon completion, the Noida airport was projected to be the largest in India and the third in the National Capital Region (NCR) after Delhi airport and Hindon airbase in Ghaziabad.

A 31-km greenfield expressway was being built to connect the airport to the Delhi-Mumbai Expressway at Ballabhgarh.

The National Highway Aut..

Nagpur Airport: Mihan Dream grounded, vantage point lost

Nagpur's unique and strategic central location was once lauded for placing it on the nation's aviation map. It was hailed for its efforts in creating a harmonized air traffic management system with continuous airspace over the city, alongside establishing a centralized cargo hub. However, Dr Babasaheb Ambedkar International Airport is currently mired in apathy and has seemingly vanished from the national radar across various parameters, barely meeting the standards expected of a tier-2 city airport.

The airport, bearing its international tag, serves merely two flights to two foreign de..