The Noida International Airport Limited (NIAL) and Zurich Airport International AG on Wednesday signed a key agreement that 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, estimated to cost Rs. 29,560 crore, was inked between the Uttar Pradesh government’s agency and the Yamuna International Airport Private Limited (YIAPL), a special purpose vehicle floated by the Zurich Airport for the project, they said.
“Yes, the concession agreement has been signed,” NIAL’s Nodal officer for Jewar airport Shailendra Bhatia said.
