Zurich International to sign deal on Oct 7 to build Jewar airport
Decks have been cleared for the Rs 30,000-crore Jewar international airport. Zurich Airport International AG, the bidder selected to develop the international airport at Jewar, will sign a concession agreement with the special purpose vehicle (SPV) Yamuna International Airport (YIAL) on October 7 in Noida.
According to an official in the civil aviation department, the agreement will be signed by the CEO of Zurich Airport International and the CEO of Noida International Airport Limited (NIAL), Arun Vir Singh.
“Once the agreement is signed, the concessionaire will have to get a financial closure and start work on the project,” the official said, adding that 1,334 hectares of land under Phase I of the total 5,000 hectares, has been required for the airport project.
