The concessionaire of the upcoming airport at Jewar, Yamuna International Airport Pvt. Ltd (YIAPL), plans to complete all the financing agreements for the project by April 2021 and begin construction soon after, YIAPL chairman and managing director Daniel Bircher said.
“We expect to start the construction in the second quarter of (calendar year) 2021,” Bircher said. This is, however, subject to the state government handing over the land by then, he added. In November 2019, Switzerland’s Zurich Airport International AG (ZAI) had emerged as the highest bidder for the proposed airport at Jewar, Uttar Pradesh, on the outskirts of Delhi, sparking hope for the long-delayed project and the development of the surrounding area.
ZAI had floated a special purposed vehicle to implement the project.
The concession agreement for the greenfield airport was signed in October 2020 between YIAPL and UP government agency Noida International Airport Authority.
