GMR Signs Pact For Kualanamu International Airport
A step-down subsidiary of GMR Airports Ltd (GAL), GMR Airports Netherlands BV has signed a Shareholders’ Agreement (SHA) and Share Subscription Agreement (SSA) with Angkasa Pura II (APII) for the development and operation of Kualanamu International Airport (Project) in Medan, Indonesia. LoA for the project was received on November 23.