Almost two decades after the plan for a second airport in the National Capital Region (NCR) was conceived, work on the project is expected to get underway in February next year. Keeping in mind the growth in demand, the Uttar Pradesh government has set an aggressive deadline for completion of the Jewar airport project, targetting operationalisation of its first phase by 2023.
Implementation of the Rs 29,561-cr project would take place in four phases, with the last phase scheduled for completion by 2040. When fully operational, the Jewar airport in Greater Noida would be able to handle over 160 million passengers per annum (mppa), making it the largest airport in India. While the Indira Gandhi International (IGI) Airport in New Delhi has a present capacity of around 70 mppa, it is going to increase to 110 mppa once the ongoing project for its expansion is completed.
In what marks a first for the aviation sector since private investment in airports was allowed in 2006, a foreign operator, Switzerland’s Zurich Airport International AG (ZIA), has bagged the contract to develop and operate the Jewar airport, beating the likes of GMR Infra, Adani Enterprises and Fairfax Holdings. Outbidding its rivals by a significant margin, ZIA quoted a per passenger fee (PPF)—the critical criterion in the bidding process—of `401. Apart from operating the Zurich Airport in Switzerland, ZIA runs the Curacao International airport in Carribean Islands, the Bogota airport in Colombia, two airports in Chile and four in Brazil.
26/12/19 Arun Nayal/Financial Express
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Implementation of the Rs 29,561-cr project would take place in four phases, with the last phase scheduled for completion by 2040. When fully operational, the Jewar airport in Greater Noida would be able to handle over 160 million passengers per annum (mppa), making it the largest airport in India. While the Indira Gandhi International (IGI) Airport in New Delhi has a present capacity of around 70 mppa, it is going to increase to 110 mppa once the ongoing project for its expansion is completed.
In what marks a first for the aviation sector since private investment in airports was allowed in 2006, a foreign operator, Switzerland’s Zurich Airport International AG (ZIA), has bagged the contract to develop and operate the Jewar airport, beating the likes of GMR Infra, Adani Enterprises and Fairfax Holdings. Outbidding its rivals by a significant margin, ZIA quoted a per passenger fee (PPF)—the critical criterion in the bidding process—of `401. Apart from operating the Zurich Airport in Switzerland, ZIA runs the Curacao International airport in Carribean Islands, the Bogota airport in Colombia, two airports in Chile and four in Brazil.
26/12/19 Arun Nayal/Financial Express
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