Zurich Airport Edges Out Competitors To Secure Jewar Airport Contract Worth Rs 4,588 Crore

Zurich Airport has come out ahead of Adani Enterprises, Delhi International Airport Limited as well as Anchorage infrastructure Investments Holdings Limited to clinch the bid for developing the first phase of Jewar Airport in the Gautum Budh Nagar district of Uttar Pradesh at a cost of Rs 4,588 crore, reports The Times of India.

The new greenfield airport will be constructed to serve the growing demand in the aviation sector in the National Capital Region (NCR), particularly for Noida, Greater Noida and Ghaziabad.

Jewar Airport is likely to have eight runways and will be double the size of Delhi’s Indira Gandhi International Airport, which is expected to reach a saturation point by 2024.

According a report by Hindustan Times, the Noida International Airport Limited (NIAL), the nodal agency for the upcoming greenfield airport project, is likely to prepare a proposal to the Uttar Pradesh government to increase the runways from six to eight.

The proposal, if approved and completed, will make the Jewar airport one of the biggest in the world. It will reportedly be counted along with O’Hare International Airport in Chicago, United States, which is spread over 7,200 acre and has seven active runways.