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GMR Infrastructure features 2% as co to develop new airport at Greece – Moneycontrol.com

GMR Infrastructure features 2% as co to develop new airport at Greece – Moneycontrol.com

Final Up to date : Feb 22, 2019 10:06 AM IST | Supply: Moneycontrol.com

The scope of the mission includes design, building, financing, operation, and upkeep & exploitation of recent worldwide airport.

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Shares of GMR Infrastructure gained 2 p.c intraday Friday after firm signed concession settlement to develop a brand new worldwide airport at Greece.

GMR Airports, a subsidiary of GMR Infrastructure together with Greek companion TERNA Group has signed the concession settlement to develop a brand new worldwide airport of Heraklion at Crete, Greece.

The scope of the mission includes design, building, financing, operation, and upkeep & exploitation of recent worldwide airport.

The concession interval for the mission is 35 years together with Part 1 building of 5 years.

The whole mission might be funded by a mixture of fairness, accruals from the present airport, and monetary grant being offered by the Authorities of Greece; subsequently debt just isn’t required on this mission.

At 09:56 hrs GMR Infrastructure was quoting at Rs 16.45, up Rs 0.35, or 2.17 p.c on the BSE.

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First Printed on Feb 22, 2019 10:06 am

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