GVK Power & Infrastructure’s (GVKPIL) step down subsidiary, Navi Mumbai International Airport (NMIAL) a Special Purpose Vehicle, has achieved the Financial Closure for construction of First Phase of Navi Mumbai Airport Project.
Yes Bank will be the lead bank and mandate lead arranger for Phase I and Phase II of NMIAL Project. The Concession Agreement for this Project was signed earlier on January 8, 2018 with City and Industrial Development Corporation of Maharashtra (CIDCO), the nodal agency of the Government of Maharashtra for implementation of the Navi Mumbai International Airport Project.
GVKPIL is an infrastructure development company. It engages in infrastructure and urban infrastructure projects. The company provides operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports and infrastructure companies.
