Rs 10 lakh per day fine if delay in Noida Airport project, says UP minister
A fine of Rs 10 lakh per day will be levied on the developer of the upcoming Noida International Airport if there is a delay in the completion of the project, Minister Nand Gopal Gupta ‘Nandi’ said on Friday.
The Greenfield airport is coming up in the Jewar area of Gautam Buddh Nagar district in western Uttar Pradesh, some 70 km away from Delhi, and being developed by Switzerland-based concessionaire Zurich International Airport AG’s special purpose vehicle Yamuna International Airport Private Limited (YIAPL).
The state industrial development minister issued the directives to senior officials of the Yamuna Expressway Industrial Development Authority (YEIDA) and the Noida International Airport Limited (NIAL), among other government agencies involved in the project, according to an official statement.
