GMR Airport Limited (GAL), a subsidiary of GMR Infrastructure Limited, on Thursday said he won an offer for the development and operation of Kualanamu International Airport in Medan, Indonesia.

Angkasa Pura 2 (AP2), State-Owned Company and Offer Authority for Medan Airport has notified that they have completed the best and final evaluation process for the selection of strategic partnerships for Aerodrome and have announced the airport GMR as a winning bidder, a press release from the word GMR.

Medan is the fourth largest urban area in the country and is the capital of North Sumatra Province. GMR will enter partnership 49:51 with AP2 for this project.

The consortium will convert Kualanamu International Airport to the International Center of Indonesia, he said. The airport handles more than 10 million passengers in 2018. The project scope includes airport operations, development, and expansion for 25 years.

Kualanamu International Airport is an operating airport with a healthy cash flow. Kualanamu International Airport is an operating airport with a healthy cash flow. The GMR airport won a bid for Brownfield Airport, this high growth potential, through the process of international competitive bid contested and will partner with Angkasa Pura 2 (AP2).

The Letter of Award is expected to be issued in the next few days, posting the supply formality, while signing a project agreement before the end of the year.

Commenting on Development, Srinivas Bommidala, Airport Chair & International, GMR Group, said, “GMR Airport Limited was pleased to have announced the winner’s bidder for the development and operation of Kualanamu International Airport in Medan, Indonesia.”

The project marked the entry of GMR airports in the Indonesia’s fastest growing airport in ASEAN and the high potential market and the group wanted to take the opportunity to reaffirm its commitment to turning Medan airports to the international international center and contributing to the overall infrastructure development of the country, he said.