New Delhi, Aug. 31 -- Delhi International Airport Ltd (DIAL) expects GMR Airports Ltd's planned Cargo City at Delhi airport to deliver 25% of its revenue, said two people directly aware of the matter.

"This was a long-term hedged bet. With cargo capacity projected to keep rising, DIAL wanted a dedicated and strategic play in this space," said the first person.

"Cargo City is expected to contribute around 25% of DIAL's revenue, cargo is going to play a much bigger role in their overall business mix," said the second person.

The project involves developing a cargo and logistics hub-spanning around 50.5 acres with warehousing, truck parking, and express cargo facilities-under a revenue‑share model with a minimum monthly guaran...