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Reputation: 642,713 • Nov 23, 2023 3:56 AM

JP Morgan, Tata Cleantech Capital, others give Rs 2,475 cr funding to GMR’s Goa Airport

JP Morgan, Tata Cleantech Capital, others give Rs 2,475 cr funding to GMR’s Goa Airport

GMR is constructing another airport at Bhogapuram, Andhra Pradesh, at a cost of Rs 4,700–4,800 crore. Spread over 294 acres, the airport is expected to cater to 24 million passengers. In a corporate presentation earlier this month, the company said financial closure for the project is “in advance stages” and that it has “achieved required sanction from all participating financial institutions /banks,”. It has also won the bid to “commission, operationalize and maintain” a civilian airport at Bidar, Karnataka. It has received the mandate to develop, modernise and operate Nagpur airport.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• GMR is constructing a new airport in Bhogapuram, Andhra Pradesh, and has won the bid to develop and operate airports in Bidar, Karnataka and Nagpur.
• The company has also received a debt facility of Rs 2,475 crore from various financial institutions to refinance its existing debt and support ongoing capex plans.
• GMR has multiple airport assets under operation or development, including in Goa, Greece, Indonesia, and the Philippines.
https://economictimes.indiatimes.com/industry/transportat...
#GMRINFRA #ICICIBANK 

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