GMR Finally Lands, Hope Soars On Flyer Boom Nagpur: GMR Nagpur International Airport Limited (GNAIL) has secured the final lease agreement for 1,320 hectares of land from Mihan India Limited (MIL), marking a significant step toward transforming Nagpur’s airport infrastructure. This move positions Nagpur as the sixth Indian airport to be taken over by GMR, which has already arranged a Rs 2,600 crore loan from Tata Capital to fund the ambitious project. While the initial capital infusion will depend on early feasibility studies, the long-term vision includes expanding passenger capacity from the current 30 lakh to 3 crores annually. However, this peak capacity will be achieved incrementally, with key developments unfolding over the next several years. The project will be managed through a 30-year joint venture between GMR and MIL, with GMR retaining operational control. Since the airport is a brownfield site, construction will proceed without disrupting existing operations. The first phase of the plan focuses on upgrading existing facilities to enhance passenger experience, followed by the development of a new terminal in the Mihan Special Economic Zone (SEZ). This new terminal, expected to be completed within four to five years, will be strategically located between the existing runway and aircraft maintenance, repair, and overhaul (MRO) depots in the SEZ. The exact location will be finalized once the blueprint is finalized. GMR’s strategy includes immediate improvements to the current terminal building, with a priority on modernizing amenities and streamlining passenger services. The existing airport spans 1,320 hectares and operates on a Code-E compliant runway, providing ample space for future expansion.#nagpur #mihan_special_economic_zone #mihan_india_limited #gmr_nagpur_international_airport_limited #tata_capital
