Greater Noida. Merging Indian culture and hospitality with Swiss technology and efficiency, an agreement was signed on October 7 for the Rs. 29,000 crore ($4 billion) Jewar International Airport in the National Capital Region (NCR), a greenfield venture between Zurich Airport International and Noida International Airport Limited (NIAL), an arm of the Uttar Pradesh government.
With eight runways, it will be India’s largest airport and is estimated to cater to 70 million passengers when completed by 2040-50. Its first phase is due to open in 2024. Located some 70 km from New Delhi, it will be the second international airport in the NCR.
Zurich Airport International AG (ZAIA) last November won the contract to build and operate the airport for a period of 40 years. It received the security clearance from the Union Home Ministry in May.
Being developed as a Public Private Partnership (PPP), NIA “will deliver quick, efficient processes and excellent value for passengers, airlines and partners”, the Uttar Pradesh government said, adding: “NIA will operate as a fully digital airport, providing a safe and contactless travel experience and customized commercial offerings for passengers. NIA will be the first net zero emissions airport in its class, setting a new standard for sustainable aviation.”
Noting that infrastructure development will be key to economic recovery, not only in the state but also for the country, S.P. Goyal, Additional Chief Secretary and Secretary, Civil Aviation Department, said: “The construction of Noida International Airport will support economic growth through job creation in the state, while making it the most preferred destination for domestic as well as global investors in the upcoming years. We look forward to supporting the Zurich Airport International team to jumpstart this mega project, which will reinforce the economic progress of the state of Uttar Pradesh.”
Daniel Bircher, Chief Executive Officer, Zurich Airport International (Asia) said: “The signing of the concession agreement marks an important milestone in the development of the Noida International Airport. When Phase 1 development is completed in 2024, we will provide capacity for 12 million passengers per year.”
In partnership with the Government of Uttar Pradesh and the Government of India, Zurich Airport International “looks forward to making this airport a major player in Indian air transportation and a benchmark for ease of use for passengers and logistic partners. We are a committed and trusted partner for India’s growth, and see tremendous opportunity to invest and participate in India’s aviation growth story”, Bircher added.
Dr. Arun Vir Singh, Chief Executive Officer, Noida International Airport Limited, said: “We are pleased to sign the concession agreement… to commence work on the Noida International Airport. This world-class airport will not only connect western UP region with other domestic and international destinations, but also provide additional capacity to Delhi NCR region.”
“Together, we look forward to building India’s leading airport which boasts of quality, efficiency, technology and sustainability. We are very excited to begin work as we move ahead with a vision to co-create a world-class facility,” Singh added.
Flughafen Zürich AG is a listed company that operates Zurich Airport as a diversified business and licensee of the Swiss Confederation. With a workforce of over 1,700 employees, the company generated turnover of 1,210.1 million Swiss Francs in 2019; 33.3 percent of its shares are held by the canton and five percent by the city of Zurich.
Zurich Airport is Switzerland’s gateway to the world. Over 31 million people arrived at, transferred via or departed from the airport in 2019, making it not only the region’s most important transport hub, but also the leading meeting place. With around 280 companies employing almost 27,000 people, Zurich Airport is a key economic driver for the region.
Noida International Airport Limited was incorporated on August 28, 2018 as Joint Venture of Government of Uttar Pradesh (through Department of Civil Aviation, NOIDA, Greater NOIDA and Yamuna Expressway Industrial Development Authority (YEIDA) in ratio of 37.5:37.5:12.5:12.5.
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