The Noida International Airport Limited, the Yamuna Expressway industrial development authority, airport concessionaire, Zurich Airport International AG, and special purpose vehicle, the Yamuna International Airport Private Limited, would sign the concessionaire agreement for the Rs 29,560 crore Jewar airport on Wednesday.
The agreement was supposed to be signed by July 2, according to the earlier schedule. Later on June 10, the UP government postponed the agreement signing date to August 17 in view of the Covid-19 pandemic.
According to officials, restriction on flight services due to COVID-19 outbreak and subsequent lockdown has twice led to the extension of the date for signing of the concessionaire agreement between selected developer and the state government agencies for the project.
Officials said that the agreement for the international airport is scheduled to be signed at 1 pm on Wednesday.
Zurich International and Yamuna International Airport private limited had on January 30 applied for security clearance to the ministry of home affairs.
Zurich AG cannot start work at the Jewar airport site before the agreement is signed.