Zurich Airport inks ₹29,560-cr Jewar airport pact in NCR

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Zurich Airport International (AG) has signed an agreement with the Yamuna International Airport Private Limited and the Noida International Airport Limited (NIAL) for the construction of the Jewar International Airport at Gautam Buddh Nagar district of UP. OSD, NIAL, Shailendra Bhatia informed that the project, which involves an investment of ₹29,560 crore, got delayed due to COVID-19 outbreak and subsequent lockdowns. On November 29 last year, Swiss firm Zurich Airport emerged as the highest bidder to develop the Jewar airport outbidding competitors like Adani Enterprises, DIAL and Anchorage Infrastructure Investments Holding. The project will stretch across over an area of 5,000 hectares with six to eight runways, the maximum in India. On commissioning, it will be the third airport in the NCR after Delhi's Indira Gandhi International Airport and Ghaziabad's Hindon Airport. The first phase of the project, spreading over 1,334 hectares, is expected to be completed by 2023 at a cost of ₹4,588 crore.
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