GMR to build Vizag international airport, takes loan worth Rs 4,000 crore
Airport sector major GMR has announced that it has arranged a Rs 4,000 crore loan for the construction of a greenfield international airport at Vizag. This will be GMR's fourth major airport in India and will be built in three phases, accommodating 6 million passengers in the first phase and 40 million passengers once completed.
As per GMR loan has a 14-year term with an interest cost of around 10% per year.
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