CURRENT AFFAIRS

Detailed explanation-1: -India’s GMR Airports secures a 25-year development deal with Angkasa Pura II for the Medan airport in Sumatra, Indonesia. Medan is Indonesia’s fourth largest city, but well to the northwest.

Detailed explanation-2: -GMR Group on Friday said its joint venture Angkasa Pura Aviasi has started operating the Kualanamu International Airport in Medan, Indonesia. Angkasa Pura Aviasi (APA) is a joint venture between GMR Airports Ltd and Indonesia’s state-owned airport operator PT Angkasa Pura II.

Detailed explanation-3: -GMR Goa International Airport Limited (GGIAL), a subsidiary of GMR Airports Limited (GAL), developed New Goa Manohar International Airport at Mopa in North Goa. This Airport Project is based on the Public Private Partnership (PPP) model, on a Design, Build, Finance, Operate and Transfer (DBFOT) basis.

Detailed explanation-4: -The airport was operated by the Indian Air Force before its management was transferred to the Airports Authority of India. In May 2006, the management of the airport was passed over to Delhi International Airport Limited (DIAL), a consortium led by the GMR Group.

Detailed explanation-5: -Presently, the group owns and operates Delhi International Airport, Hyderabad International Airport, and New Goa Manohar International Airport.