Page 11 - CONSTRUCTION VISION July August 2017 issue
P. 11

GMR INFRASTRUCTURE TO                The new Kastelli Airport, once completed,   expressway to connect Jhansi with
                DEVELOP NEW                   will replace Heraklion airport, the company   Allahabad via Chitrakoot would also be
          INTERNATIONAL AIRPORT               said in the release.                constructed.
         IN CRETE ISLAND, GREECE              "We are excited about the project and the   Economically backward Western Uttar
                                              opportunity to partner with GEK Terna in
                                                                                  Pradesh and Bundelkhand would be
                                              Greece. This new airport will definitely boost
                                                                                  brought on the path of development for the
                                              the tourism industry and aid the growth of
                                                                                  first time through these projects.
                                              international tourists that Greece has been
                                              witnessing over the past couple of years.   The projects, cleared during Uttar Pradesh
                                              The airport is in line with the asset lite   Chief Minister Yogi Adityanath's meeting
                                              strategy we have adopted for overseas   with Road Transport Minister Nitin Gadkari,
                                              expansion and will see GMR participate in   include up-gradation of 73 state highways
                                              project management and commercial   into national highways with a total length of
                                              management in addition to airport   6,260 km.
                                              operations," Srinivas Bommidala, Business
         GMR Infrastructure to develop new    Chairman, GMR Airports was quoted in the   Gadkari also assured him of upgrading
         international airport in Crete island, Greece   release.                 another 15 proposed state highways into
         -NEWS                                                                    national highways.For Allahabad where
         GMR Airports Limited, a subsidiary of GMR                                “Kumbh mela” takes place every 12 years
                                              UTTAR PRADESH TO GETS               — the next scheduled for 2019 — 76 km of
         Infrastructure Ltd, today announced that it
                                                 RS. 10,000 CR WORTH              ring road would be developed to augment
         has been selected to develop, operate and
                                                    ROAD PROJECTS                 road infrastructure.
         manage the New International Airport of
         Heraklion at Crete in partnership with Greek
         infrastructure major TERNA SA (100%
         subsidiary of GEK TERNA Group).

         This will be GMR Group's second foray into
         Europe after having developed Istanbul's
         Sabiha Gokcen airport.

         "GMR Airports Limited will be the
         designated Airport Operator in the
         consortium for this project," said a release
         from the airport company.


         The scope of the project involves Design,
         Construction, Financing, Operation, and
         Maintenance & Exploitation of the New
         Heraklion Crete International Airport. The                               They also reached consensus to build ring
         concession period for the Greenfield project
                                              The Center gives clearance for Rs10,000   roads in main cities of Uttar Pradesh
         will be 35 years including Phase 1
                                              crore worth road projects for the   including Lucknow, Gorakhpur, Bareilly,
         Construction of five years.
                                              construction and up-gradation of various   Kanpur, Moradabad and Meerut. For
                                              roads in Uttar Pradesh. It is the first time   Lucknow, seven elevated roads have been
         Greece is a major International tourist
                                              that such a large number of schemes   approved, the Chief Minister said.
         destination, with 24 Mn tourists per annum.
                                              amounting to Rs 10,000 crore have been
         Crete is the largest and the most visited                                During his visit to Delhi, the Uttar Pradesh
                                              cleared for Uttar Pradesh at one go.
         island in Greece. Heraklion Airport, located                             Chief Minister had a meeting with the
         in Crete, is the second largest in Greece   The approved projects include a six-lane   Minister of State for Power Piyush Goyal,
         and has witnessed steady traffic growth in   expressway to provide better connectivity   they discussed important issues like power
         the last 3-4 years. The existing Heraklion   with Bundelkhand. The six-lane expressway   generation and transmission and
         Airport is handling over 6 million passengers   would connect Tirwa with Jhansi via Agra-  improvements in the supply of adequate
         annually and is facing capacity constraint.   Lucknow expressway. Also a four-lane   power to the state.


                                                                                         JULY-AUGUST 2017  CONSTRUCTION VISION  9
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