By Anand & Madhura Katti, Mumbai (2011-01-27)

INDIA’s largest private sector airport operator GVK Power and Infrastructure has reached an agreement with the Indonesian government to develop two new international airports in North Bali and Yogyakarta.

The arrangement between the Indonesian government and GVK provides exclusivity to the company which operates two key airports in India – Chhatrapati Shivaji International Airport, Mumbai and Bengaluru International Airport – which together handled passenger traffic of 40 million in 2010.

GVK will take charge of planning, design and development, operations and management of the new airports, as well as all associated infrastructure, land and commercial development.