Noida International Airport to see Rs 8,914 cr investment in first phase
The first phase of the Noida International Airport at Jewar will entail an investment of Rs 8,914 crore and the initial annual passenger handling capacity will be 12 million, a senior official civil aviation ministry official said on Wednesday.
Prime Minister Narendra Modi will be laying the foundation stone of the international airport, which is expected to be operational by September 2024.
The greenfield airport, spread over 1,330 acres of land, will initially have two runways and Zurich Airport International AG (concessionaire) emerged as the winning bidder for developing the aerodrome.
Civil Aviation Secretary Rajiv Bansal on Wednesday said the capital expenditure for the first phase of the project will be Rs 4,588 crore.
