Swiss firm to Develop Jewar Airport

Swiss firm Zurich Airport International AG has got security clearance from the Centre for developing Jewar airport in western Uttar Pradesh. The firm had on November 29 emerged as the highest bidder to develop the Greenfield Airport in Jewar on the outskirts of Delhi, outbidding competitors like Adani Enterprises, DIAL and Anchorage Infrastructure Investments Holding. Billed to be the biggest airport in India, the entire project will be spread over 5,000 hectares and is estimated to cost ?29,560 crore. The first phase of the airport would be spread over 1,334 hectare and cost ?4,588 crore. The project is being managed and operated by the Noida International Airport (NIAL), a special agency floated by the government.