/press-releases

- GMR Airports enters in high growth Indonesian aviation market
- GMR received the letter of award for the project on 23rd November 2021
- The project will cover a co-operation period of 25 years
GMR consortium to transform Medan Airport into Western International hub of Indonesia
Reinforces GMR’s position as a global airport operator & developer

GMR Airports Netherlands B.V., a step down subsidiary of GMR Airports Limited (GAL), on December 23, 2021, signed the Shareholders’ Agreement (SHA) and Share Subscription Agreement (SSA) with Angkasa Pura II (AP II) for the development and operation of Kualanamu International Airport (Project) in Medan, Indonesia. The letter of award for the project was received on 23rd November 2021.

With the signing of the agreements, GMR enters into 49:51 partnership with APII, the state owned enterprise and the bidding authority for the Kualanamu International Airport. The consortium will transform Kualanamu International Airport into Western International hub of Indonesia.

The project scope includes operation, development and expansion of the airport over a period of 25 years. Kualanamu International Airport is an operating Airport with healthy cash flows.

Medan is the fourth largest urban area in Indonesia and is the capital of North Sumatra province, with a population of over 3.4 million. The airport handled more than 10 million passengers in 2018.

Earlier in November 2021, APII had completed the final evaluation process for selection of strategic partnership for the Kualanamu International Airport and had announced GMR Airports as the winning bidder. GMR Airports Limited and its 100% subsidiary, GMR Airports International B.V had bid for the project as a consortium. GMR Airports won the bid for this high growth potential brownfield Airport, through a closely contested international competitive bid process.

Commenting on the development, Mr. Srinivas Bommidala, Chairman Energy & International Airports, GMR Group, said, “GMR’s entry into the Indonesian aviation sector is a significant step in support of the Indian government’s policy to ‘Look East’. The Hon’ble Prime Minister has given a further clarion call to ‘Act East’ and GMR is pleased to demonstrate commitment to this call by acting in leveraging its expertise for cementing this key partnership in Indonesia. With our global aviation expertise, we aspire to transform Kualanamu International Airport into a Western International hub of Indonesia and contribute to the overall infrastructure development of the country. Our partnership with Angkasa Pura II (AP II) is testimony to the trust placed in us by the Indonesian government and authorities. We will strive to bring our best to this beautiful and strategic country of ASEAN.”

The agreements signing ceremony was attended by the Deputy Minister of State Owned Enterprises - Mr. Kartika Wirjoatmodjo, AP II President Director - Mr Muhammad Awaluddin and Directorate General of Civil Aviation - Mr Novi Riyanto.

About GMR Group

GMR Group is a leading global infrastructure conglomerate with interests in Airport, Energy, Transportation and Urban Infrastructure. GMR Airports, a joint-venture with Groupe ADP, have around 172 mn passenger capacity in operation and under development, comprising of India's busiest Indira Gandhi International Airport in New Delhi, Hyderabad’s Rajiv Gandhi International Airport and Mactan Cebu International Airport in partnership with Megawide in Philippines.

GMR Varalakshmi Foundation (GMRVF), is the Corporate Social Responsibility arm of GMR Group. Its objectives are to develop social infrastructure and enhance the quality of life of communities around the locations that has the Group’s presence. The foundation is being supported by over a 1000-member team working in 18 locations in India and 2 locations in Nepal. And, by making a difference to the society, GMRVF is happy to have created an impact on over 1 lakh lives.

Greenfield projects under development includes Airport at Mopa in Goa, Bhogapuram, Andhra Pradesh and in Heraklion, Crete, Greece in partnership with GEK Terna.

GMR Group is developing very unique airport cities on the commercial land available around its airports in Delhi, Hyderabad and Goa.

The Group’s Energy business has a diversified portfolio of around 4,995 MW.

Transportation and Urban Infrastructure division of the Group has six operating roads and highways project spanning over 2,400 lane kms. It is also developing multi-product Special Investment Regions across various locations in India.

For further information about GMR Group, visit Home Page

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For Further Information, please contact:

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  • Tushar Makkar
  • Group Chief Communications Officer

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