The Uttar Pradesh government on Wednesday signed the concession agreement with representatives of Zurich Airport International to commence the development of the Noida International Airport at Jewar.
The concession agreement was signed by Dr Arun Vir Singh, CEO of Noida International Airport Limited (NIAL), the special purpose vehicle of UP government, and Christoph Schnellmann, Chief Executive Officer of Noida International Airport in the presence of other officials.
The concession agreement grants Zurich Airport International the licence to design, build and operate Noida International Airport for a period of 40 years.
The Noida International Airport will be developed on Public Private Partnership (PPP) model.
Scheduled to open in 2024, the NIA will merge Indian culture and hospitality with Swiss technology and efficiency. India’s greenfield airport will deliver quick, efficient processes and excellent value for passengers, airlines and partners.
The NIA will operate as a fully digital airport, providing a safe and contactless travel experience and customised commercial offerings for passengers. It will be the first net zero emissions airport in its class, setting a new standard for sustainable aviation.
SP Goyal, Additional Chief Secretary, Chief Minister & Civil Aviation department, said during the brief function, “Infrastructure development will be key to economic recovery, not only in the state but also for the country. 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 coming years. We look forward to supporting the Zurich Airport International team to jump-start this mega project, which will reinforce the economic progress of the state of Uttar Pradesh.”
Zurich Airport International (Asia) CEO Daniel Bircher 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.”
CEO of Noida International Airport Limited (NIAL) Dr Arun Vir Singh said, “The 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.”
In November last year, Zurich Airport International AG (ZAIA) won the contract to build and operate the airport in Greater Noida for a period of 40 years. ZAIA received the security clearance from the Union Ministry of Home Affairs to develop the Noida International Airport at Jewar in May this year.