Billed to be the biggest airport in India upon completion, the Jewar airport in Uttar Pradesh will be developed by the Zurich Airport International AG, which has outbid major competitors like the Adani Enterprises and the Delhi International Airport Limited (DIAL).
According to officials, Zurich Airport International AG was on Friday selected as the concessionaire for developing Jewar airport or the Noida International Greenfield Airport, which is set to come up in a 5,000-hectare area in Gautam Buddh Nagar district.
The Switzerland-headquartered company made the highest per passenger bid for the airport, outbidding competitors like Delhi International Airport Limited, Adani Enterprises, and Anchorage Infrastructure Investments Holdings Limited, officials were quoted as saying news agency PTI.
The mega project is estimated to cost ₹29,560 crore, Nodal Officer for the Project, Shailendra Bhatia said. “Zurich Airport International AG has made the highest bid for developing the Jewar airport and has been selected as the concessionaire for the airport,” Bhatia said.
A global tender was floated to hire a developer for the proposed airport on May 30 by the Noida International Airport Limited (NIAL), an agency floated by the Uttar Pradesh government for managing the mega project.
The airport, the third in the national capital region after Delhi’s Indira Gandhi International airport and Ghaziabad’s Hindon airport, is touted to have six to eight runways, the most in India, when fully built, according to officials.
The first phase of the airport would be spread over 1,334 hectare and cost ₹4,588 crore, and it is expected to be completed by 2023, officials added.
(With inputs from agencies)