Jewar airport: UP govt approves Rs 894.53 cr for rehabilitation of affected families

Jewar airport will be developed on a public-private partnership (PPP) model, and NIAL has been authorised to select the developer for the airport to give the land on lease for 90 years.

Jewar airport: UP govt approves Rs 894.53 cr for rehabilitation of affected families
Prime Minister Narendra Modi, prior to announcement of Lok Sabha poll schedule, had announced that the Jewar airport would be completed in time. Representational Image, source: Reuters
Written By: ZeeBiz WebTeam
Updated: Wed, May 29, 2019
10:48 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Good news! This airline to roll back pay cut for select staff categories - Check update on annual increment, variable pay Good news! This airline to roll back pay cut for select staff categories - Check update on annual increment, variable pay
Air travel to become costlier from April 1, as DGCA raises Air Security Fee Air travel to become costlier from April 1, as DGCA raises Air Security Fee
GoAir IPO: Rs 2,500 crore! Coming soon - Check latest news here GoAir IPO: Rs 2,500 crore! Coming soon - Check latest news here
Jewar airport news update: Letter of Agreement signed! What you need to know about Noida International Airport Jewar airport news update: Letter of Agreement signed! What you need to know about Noida International Airport
Jeh Wadia steps down as Managing Director of GoAir Jeh Wadia steps down as Managing Director of GoAir

Post-Lok Sabha elections, work related to Jewar airport in Greater Noida has once again gained momentum, as the Uttar Pradesh government on Tuesday approved Rs 894.53 crore for rehabilitation and resettlement of families to be affected or displaced by the project, said a Hindustan Times report, adding that May 30 onwards, the state government will start the process to hire a developer for the airport. Notably, the second airport in the National Capital Region, along the 165-km Yamuna Expressway, is likely to be operational by 2022-23.

Once completed, Jewar airport will take the load off Delhi’s Indira Gandhi International Airport, the report cited two state ministers as saying.

According to the HT report, ministers Siddharth Nath Singh and Shrikant Sharma told media that the state cabinet has approved the timeline for implementation of the project, the request for quotation (RFQ) and the request for proposal (RFP) documents, and the draft concession agreement.

The report quoted Arun Vir Singh, chief executive officer, Noida International Airport Limited (NIAL), as saying “We will float a global tender on May 30 as per the directions mentioned in the cabinet order... It will take six months’ time to finalise a suitable developer... After six months, the work on this project will start on the ground.” The Noida International Airport Limited (NIAL) has been formed by the Uttar Pradesh government to monitor and develop the Jewar airport.

Further, Singh stated that considerable progress has been made on the project after getting an in-principle approval from the Centre on May 9, 2018, adding that the state government hoped that selection of the developer would be made by January 2020.

The airport will be developed on a public-private partnership (PPP) model, and NIAL has been authorised to select the developer for the Jewar airport to give the land on lease for 90 years, the report added.

Notably, Prime Minister Narendra Modi, prior to announcement of Lok Sabha poll schedule, had announced that the airport would be completed in time and all formalities for the same were underway. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.