GMR Airports Limited (GAL) has signed two agreements with Angkasa Pura II (AP II) to develop and run Indonesia’s Kualanamu International Airport.

The agreements, which includes the Shareholders’ Agreement (SHA) and Share Subscription Agreement (SSA), has been signed by GAL step-down subsidiary GMR Airports Netherlands.

As agreed, GMR has formed a 49:51 partnership with APII, the state-owned enterprise and the bidding authority for the Kualanamu International Airport.

The scope of the project covers operation, development, and extension of the airport over a period of 25 years.