Saturday, February 06, 2021

Noida airport pacts with ministry, AAI likely to be signed this month

Greater Noida: The Zurich AG subsidiary that will develop Noida International Airport in Jewar has finally initiated the process of signing a couple of mandatory agreements with the Union civil aviation ministry and the Airports Authority of India (AAI). The agreements are likely to be inked in the last week of February after the pending hurdles are cleared by the UP government, TOI has learnt.

Officials said that AAI will provide licence to Zurich AG subsidiary Yamuna International Airport Private Limited (YIAPL) only after the signing of communication, navigation and surveillance/air traffic management (CNS/ATM) agreement. On the other hand, the civil aviation ministry is required to give an in-principle nod to YIAPL. The concessionaire pact for the project was signed between Zurich AG and UP in October last year.

In fact, at a high-level meeting that took place in Lucknow on Thursday, YIAPL top executives apprised senior UP government officials of the pending hurdles and the current status of the greenfield airport project. Nearly 50% of development work in the upcoming Jewar Bangar township have been completed and formalities to offer possession to families displaced by the airport project were also discussed at the meeting, officials said.

06/02/21 Shalabh/Times of India

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