New Delhi. GMR Group has crossed the bid eligibility stage for the US$800 million (about Rs 7,184 crore) new Taif International Airport project in Saudi Arabia. This information has been given by Saudi Arabia's National Center for Privatization and PPP (NCP).
Who is in the race?
Apart from GMR, Bengaluru International Airport Limited-Temasek consortium, Turkey's TAV Airports-Mada International Holding consortium, Ireland's DAA International-led consortium and Kalyon Insat consortium have also been declared eligible for the project.
What facilities will be there in the new Taif International Airport
The project will be awarded on a Build, Operate, Assign (BTO) contract basis under the Public Private Partnership (PPP) model, with a duration of 30 years including the construction period. The new Taif International Airport will be equipped with a state-of-the-art commercial passenger terminal building, which will be designed in line with the airport's projected capacity and demand. It will also include supporting buildings, utility networks, car parking and approach roads, which will ensure standard operations of the airport.
GMR Airport Share Price
GMR Group company GMR Airport is a listed company in the stock exchange. There may be movement in its shares tomorrow on Monday. Its shares have seen a rise of 20 percent in 6 months. It has now jumped by more than 30 percent this year. It has given a return of 284.96% in 5 years.
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