GMR gets Rs. 1,330 cr loan from Axis Bank
July 10th, 2017
GMR Goa International Airports Ltd, a subsidiary of GMR Airports Ltd, has executed a debt facility agreement for the development of Greenfield airport at Mopa. The foundation stone for the project was subsequently laid by the Prime Minister, Narendra Modi, on November 13, 2016. The entire debt of Rs. 1,330 crore was underwritten by Axis Bank on a long tenor door to door basis of 18 years on competitive terms. The Greenfield airport will be developed in stages and will be scaled up as per traffic growth demands. The airport will be a full service airport catering to domestic and international passenger besides freight services.