/press-releases

- GMR will enter into a partnership with Angkasa Pura 2 (AP2). AP2 is a state-owned enterprise handling 15 airports including Jakarta
- The project will cover a co-operation period of 25 years
- GMR Airports to enter in high growth Indonesian aviation market
- Reinforces GMR’s position as a global airport operator & developer

New Delhi, Nov 18, 2021:

GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, today announced as the winning bidder for the development and operation of Kualanamu International Airport in Medan, Indonesia (“Medan Airport”).

In a communication addressed to GMR Airports Consortium Team, Angkasa Pura 2 (AP2), the state owned enterprise and the bidding authority for the Medan Airport has informed that they have completed the best and final evaluation process for selection of strategic partnership for the Medan Airport and have announced GMR Airports as the Winning Bidder. It may be noted that GMR Airports Limited and its wholly owned subsidiary, GMR Airports International B.V had bid for the project as consortium.

Medan is the 4th largest urban area in the country and is capital of North Sumatra province. GMR will enter into 49:51 partnership with AP2 for this project. The consortium will transform Kualanamu International Airport into Western International hub of Indonesia.

The airport handled more than 10 million passengers in 2018. 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. GMR Airports won the bid for this high growth potential brownfield Airport, through a closely contested international competitive bid process and will partner with Angkasa Pura 2 (AP2). The letter of award is expected to be issued in next few days, post bid formalities, while signing of project agreements before end of the year.

Commenting on the development, Mr. Srinivas Bommidala, Chairman Energy & International Airports, GMR Group, said, “GMR Airports Limited is delighted to have been announced the winning bidder for the development and operation of Kualanamu International Airport in Medan, Indonesia. The project marks the entry of GMR Airports in fast growing Indonesian Aviation sector – the largest in ASEAN and a high potential market. We would like to take this opportunity to reiterate our commitment to transform Medan Airport into a Western International hub of Indonesia and contribute to overall infrastructure development of the country, on the back of our 10+ years experience in the country. The bid win also reinforces GMR Group’s credentials as one of the largest airport developers and operators across the world.”

About GMR Infrastructure Limited:

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 million 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 4995 MW.

Transportation and Urban Infrastructure division of the Group has six operating roads and highways project spanning over 2400 lane kms. It is also developing multi-product Special Investment Regions across various locations in India.

For further information about GMR Group, visit www.gmrgroup.com

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For Further Information, please contact:

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  • Tushar Makkar
  • Group Chief Communications Officer

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