Rajiv Gandhi International Airport (Shamshabad Airport) is an initiative of Chief Minister Naidu. When Hyderabad was attracting global investments the then operating Begumpet Airport was unable to handle air traffic. To promote the planned development of the area around the international airport, the Naidu government declared a special development area and called it as Hyderabad Airport Development Authority (HADA). Naidu led government acquired 5,495 acres of land for the airport in 2003. The airport was built on public private partnership basis, where only land is provided by the government, but entire construction cost and planning has to be taken care by Grandhi Mallikarjuna Rao (GMR Group) and Malaysia Airports Holdings Berhad in exchange of 76% stake in airport. The land lease and state share holder agreement was completed in 2003. Central consession agreement was signed by Dr.Manmohan Singh in December 2004. The airport construction has started and completed between 2005 and 2008 by GMR.