
The PM had laid the foundation stone for the airport being developed by the Yamuna International Airport (YIAPL), a 100% subsidiary of the project’s Swiss concessionaire Zurich International Airport AG and upon completion will be the only other international airport in the national capital region apart from Delhi’s Indira Gandhi airport The airport project is proposed to be built in four phases. The first phase of the project is expected to be completed by 2024 when one runway would become operational. The cost of the first phase is expected to be ₹5,730 crore and it would cater to 12 million passengers per year. By the end of phase 4, the project would have the capacity to handle 70 million passengers per year.