Indian firm GMR Infrastructure has decided to set up a company to hold all its airports under one umbrella, a source close to the company told infrastructureinvestor.com.
Last week the company won the bid to build, operate, modernise and expand the Maldives' Male International Airport in a joint venture with Malaysian Airports. The consortium is expected to invest $360 million in the project, which has a concession period of 25 years.
GMR Group, of which GMR Infrastructure is a subsidiary, is a Bangalore-headquartered global infrastructure firm with investments in airports, energy, highways and urban infrastructure. The group is about to complete the eighth-largest airport terminal in the world – in Delhi – with a floor space of 5.4 million square feet.