Jewar International Airport: UP government signs deal with Zurich Airport International
The Uttar Pradesh government today signed the concession agreement with representatives of Zurich Airport International to commence the development of the Noida International Airport at Jewar.
The Uttar Pradesh government today signed the concession agreement with representatives of Zurich Airport International to commence the development of the Noida International Airport at Jewar. The concession agreement grants Zurich Airport International the licence to design, build and operate Noida International Airport for a period of forty years.
The concession agreement was signed by Dr. Arun Vir Singh, CEO, Noida International Airport Limited (NIAL) and Christoph Schnellmann, Chief Executive Officer, Noida International Airport.
Noida International Airport (Jewar Airport) will be developed as a Public Private Partnership (PPP).
The 'concession agreement' for the Greenfield airport, estimated to cost Rs 29,560 crore, was inked between the Uttar Pradesh government's agency and the Yamuna International Airport Private Limited (YIAPL), a special purpose vehicle floated by the Zurich Airport for the project, they said.
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Scheduled to open in 2024, NIA will merge Indian culture and hospitality with Swiss technology and efficiency.
Jewar Airport will operate as a fully digital airport, providing a safe and contactless travel experience and customized commercial offerings for passengers.
The Airport will be the first net zero emissions airport in its class, setting a new standard for sustainable aviation.
The concession agreement would allow the Switzerland-headquartered company to construct and maintain the airport that is being built on the public-private partnership (PPP) model and is billed to be the biggest in India upon completion, he said.
Construction of Noida International Airport will support economic growth through job creation in the state, also a preferred destination for domestic as well as global investors in the upcoming years.
Daniel Bircher, Chief Executive Officer, Zurich Airport International (Asia) said, “When phase 1 development is completed in 2024, we will provide capacity for 12 mn passengers per year.”
Dr. Arun Vir Singh, Chief Executive Officer, Noida International Airport Limited (NIAL) said, “World-class airport will not only connect western UP region with other domestic and international destinations, but also provide additional capacity to Delhi NCR region. ”.
NIAL officials have earlier stated that the airport in Gautam Buddh Nagar district in western Uttar Pradesh will be spread over an area of 5,000 hectare and is billed to be the biggest in India with six runways upon completion.
The first phase of the project will be spread over an area of 1,334 hectare and is expected to cost Rs 4,588 crore, the officials said.
In November last year, Zurich Airport International AG (ZAIA) won the contract to build and operate the airport in Greater Noida for a period of 40 years.
ZAIA received the security clearance from the Union ministry of Home Affairs to develop the Noida International Airport at Jewar in May this year.
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