Swiss Developer Can Begin Work On Jewar Airport
The signing of a key agreement for the Rs 29,560 crore Jewar airport which got delayed due to the COVID-19 pandemic, finally took place on October 7 between the Noida International Airport Limited (NIAL) and Zurich Airport International AG. This would allow the Swiss developer to begin work at the site of the upcoming Jewar airport near Delhi, officials said. The 'concession agreement' for the greenfield airport was entered between the UP government's agency and the Yamuna International Airport Private Limited (YIAPL), a special purpose vehicle floated by the Zurich Airport for the project, the officials said. The concession agreement would allow the Switzerland-headquartered company to construct and maintain the airport that is being built on the public-private partnership (PPP) model and is billed to be the biggest in India upon completion, they said. On November 29 last year, the Swiss firm Zurich Airport emerged as the highest bidder to develop the Jewar airport on the outskirts of Delhi in the Gautam Buddh Nagar district of UP, outbidding competitors like Adani Enterprises, DIAL, and Anchorage Infrastructure Investments Holding.
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