GMR Infrastructure’s subsidiary -- GMR Airports has achieved the Concession Commencement Date (CCD) for design, construction, financing, operation, and maintenance of new international airport of Heraklion at Crete, Greece.
The concession period for the project is 35 years including Phase 1 construction of 5 years. The consortium intends to invest over 500 million Euro for development of the new airport. The project is well-funded through support of Government grant and would not require any debt. The entire project will be funded through a mix of equity, accruals from the existing airport, and financial grant being provided by the Government of Greece.
GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.
Company Name | CMP |
---|---|
Dreamfolks Services | 525.00 |
GMR Airports Infra. | 82.32 |
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