Indian Operator Wins Kualanamu Airport Tender

Summary

India-based airport operator GMR Airports Limited (GAL) won the tender to develop and operate Kualanamu International Airport in Medan, North Sumatra. GAL will establish a consortium with the Indonesian government-owned airport manager PT Angkasa Pura II with a 49:51 ownership. The consortium would turn Kualanamu International Airport into an international hub in western Indonesia, according to GAL in a written statement.

"The airport served more than 10 million passengers in 2018. Kualanamu International Airport operates with a healthy cash flow," GAL management said in a written statement Friday. Srinivas Bommidala, Chairman of Energy and International Airports GMR Group, said this project marks the entry of GMR Airports in the Indonesian aviation sector and strengthens GMR Group's credentials as one of the largest airport operators in the world.

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