Key Pact Signing For Jewar Airport
The signing of a key agreement, which got delayed due to the COVID-19 pandemic, for the Rs 29,560 crore Jewar airport will take place today. The ‘concession agreement’ for the greenfield project will be signed between developer Zurich Airport International AG and the Yamuna International Airport Private Limited and the Noida International Airport Limited (NIAL).
Restriction on flight services due to COVID-19 outbreak and subsequent lockdown has twice led to the extension of the date for signing of the concessionaire agreement between selected developer and the state government agencies for the project.
The entire project will be spread over 5,000 hectares and is estimated to cost Rs 29,560 crore. Once completed, the airport, which will be 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 maximum in India.