Noida Airport land handed over to private developer, construction soon
In a stepping stone for the development of Noida International Airport, a pact was signed between the Uttar Pradesh government’s joint venture company and Swiss developer Zurich International Airport AG’s special purpose vehicle on Saturday for handing over of the 1,334 hectare land at the project site in Jewar.
The “license memorandum” was signed between UP government’s Noida International Airport Limited (NIAL) and Zurich International Airport’s SPV Yamuna International Airport Private Limited (YIAPL) in the presence of Chief Minister Yogi Adityanath, according to an official statement.
The key pact, through which the land has been handed over to YIAPL, was signed at the Lok Bhavan in Lucknow with Civil Aviation Minister Nand Gopal Gupta ‘Nandi’, NIAL CEO Arun Vir Singh, ACEO Shailendra Bhatia, Director Civil Aviation Bishak, and ZIA’s CEO Christoph Schnellmann, among others in attendance.
