Wednesday, May 20, 2020

Zurich Airport International AG gets security clearance for development of Rs 29,560 crore Jewar airport

New Delhi: Zurich Airport International AG has got the Security Clearance for the development of Rs 29,560 crore Noida International Greenfield Airport at Jewar. Last year in November, Zurich Airports won the contract to build and operate Jewar Airport, which will act as the second airport for Delhi, for a period of 40 years that includes 4-years construction period in the first phase.
Zurich Airport International AG manages the Zurich Airport in Switzerland. Last year, this Swiss company emerged as the frontrunner after financial bids for the Jewar airport were opened by Noida International Airport Limited (NIAL). It offered the highest per-passenger fee of Rs 401 to the government.
The first phase of construction was expected to commence in January 2020, with the fourth and final phase scheduled to be completed by 2050. The massive Jewar airport is scheduled to begin operations in March 2023, initially handling a maximum capacity of 60 lakh passengers annually.
Once completed, the airport in Jewar near the Yamuna Expressway will be India's largest airport. The proposed airport will have six runways, at par with the world's largest airports. Currently, Delhi’s Indira Gandhi International (IGI) airport is the biggest in India with three runways. Jewar airport after completion will be counted along with two of the largest airports in the world that are O’Hare International Airport in Chicago, spread over 7,200 acres with eight runways, and Dallas/Fort Worth International Airport in Texas which has seven runways.
Uttar Pradesh Energy Minister Shrikant Sharma said last year that the first runway of the airport will be ready by 2023. A total of 19 bidders had shown interest in the project, he then told reporters after a meeting of the state cabinet.
The billion-dollar airport project would comprise an area of about 5,000 acres. The construction of the airport would be conducted in phases. In the first phase, 2,500 acres would be used for construction, following which the operations from this airport would be able to benefit 12 million passengers on a yearly basis.
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