GMR will run Rajiv Gandhi International Airport (RGIA), in the Indian state of Hyderabad, for an additional 30 years.
The letter of confirmation from the Ministry of Civil Aviation (MoCA) extends the concession agreement with GMR Hyderabad International Airport Limited (GHIAL) from 23 March 2038 up to 22 March 2068.
GHIAL is a step-down subsidiary of GMR Infrastructure Limited (GIL).
“This extension is in terms of the Concession Agreement dated December 20, 2004,” GHIAL stated in a regulatory filing.
Opened in March 2008, RGIA is the first greenfield airport in India to incorporate a public-private partnership model.
Launched with an annual passenger handling capacity of 12 million, the airport plans to take a phased approach to ultimately increase this figure to more than 100 million.
Its current expansion will increase the capacity to 34 million. Last month, GHIAL said that it is prepared to launch the first phase of its newly expanded terminal soon, which will support this capacity expansion.
As part of the project, more built-up areas will be created and combined with current terminal buildings.
The airport also has the capacity to manage 150,000 tonnes of cargo on a yearly basis.
In 2020, the airport started an e-boarding facility for international travellers, which is said to be the first for an Indian airport.
GMR is Asia’s largest private airport operator and the second-largest globally. The company also runs India’s Delhi Airport.
At present, it is developing three greenfield airport projects, including Goa and Bhogapuram in India, as well as Greece’s Crete airport.
Furthermore, it operates Mactan Cebu International Airport in alliance with Megawide in the Philippines and Indonesia’s Kualanamu International Airport in association with Angkasa Pura II (AP II).