PANAJI: While GMR Goa International Airport Limited (GGIAL) will build the Greenfield Airport at Mopa, the 81 lakh sqm land acquired for the project will continue to be in possession of the state government, said the directorate of civil aviation.
“The government has only given right of way to GMR Airports with respect to the land for construction of the Mopa airport. Land ownership will remain with the government and the land is not mortgaged by GMR Airports to get a loan from lenders,” the government said in a statement. GGIAL is a subsidiary of GMR Airports Limited.
The directorate of civil aviation issued a statement after Mandrem MLA Dayanand Sopte questioned the government on the issue.
“It is informed that the revenue share payable by the concessionaire to the government is 36.9%,” the civil aviation department said. As per the concession agreement signed with the Goa government, GMR Airports will design, build, finance and operate the international airport for 40 years with the option to extend operations for 20 years.