General Announcement::Letter of confirmation from MoCA extending the term of concession agreement for RGIA Hyderabad

Issuer & Securities

Issuer/ Manager
GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED
Securities
GMRHYDERABUS$350M4.25%N271027A - US36256WAA27 - 83DB
GMRHYDERABUS$350M4.25%N271027R - USY3004WAA00 - 83EB
GMRHYDERABUS$300M5.375%240410R - USY3004WAB82 - ERCB
GMRHYDERABUS$300M4.75%N260202A - US36256WAC82 - ZHLB
GMRHYDERABUS$300M4.75%N260202R - USY3004WAC65 - Y2XB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
09-May-2022 19:04:31
Status
New
Announcement Sub Title
Letter of confirmation from MoCA extending the term of concession agreement for RGIA Hyderabad
Announcement Reference
SG220509OTHR58EE
Submitted By (Co./ Ind. Name)
Kiran Kumar Manikwar
Designation
Company Secretary
Effective Date and Time of the event
09/05/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is to inform you that GMR Hyderabad International Airport Limited ( GHIAL ), has received a letter of confirmation from the Ministry of Civil Aviation (MoCA), Government of India, extending the term of the Concession Agreement for operating Rajiv Gandhi International Airport ( RGIA or the Airport ) in Hyderabad for a further period of 30 years - from March 23, 2038 up to March 22, 2068. This extension is in terms of the Concession Agreement dated December 20, 2004.

The strategically located, RGIA has established the city of Hyderabad prominently on the global aviation map, and continues to contribute to the prosperity, growth and all-round economic development of the region.

RGIA is now a gateway to South & Central India. It was commissioned in a record time of 31 months and inaugurated in March 2008. The initial capacity of the Airport was 12 million passengers per annum (MPPA), which went up to 21 MPPA in 2019 (pre-covid). The Airport presently is undergoing major expansion, post which the capacity will get enhanced to 34 MPPA. The Airport has 150,000 tons of cargo handling capacity per annum. The Airport master plan has the flexibility to increase the ultimate capacity to over 100 MPPA in phases.

RGIA is India s first greenfield airport built under public private partnership model. The Airport is now at the forefront of leveraging technology to deliver a seamless and enhanced experience to the travellers. It is the first airport in India to introduce a unique e-boarding solution. Today, RGIA is the only airport in the country to have end-to-end digital passenger processing system.

Attachments

SGX Intimation 09052022 Extension of GHIAL Concession period 30Plus30 Yrs.pdf
Total size =77K