On May 19, Zurich Airport International AG got the security clearance from the Union Ministry of Home Affairs for developing the new greenfield airport in Jewar, Uttar Pradesh (UP).
Situated around 80 km south of Delhi, the Jewar Airport, also known as the Noida International Greenfield Airport will reduce the load on Delhi’s Indira Gandhi International Airport.
This announcement was made by SP Goyal, the principal secretary with UP chief minister’s office. He tweeted, “Glad to share that Zurich International AG has got security clearance for the development of the Noida International Greenfield Airport at Jewar.”
Last year, the firm was one of the highest bidders to develop this project.
To win this bid, Zurich Airport International AG competed with the likes of Gujarat-based Adani Enterprises, Maharashtra based-Anchorage Infrastructure Investments Holdings and Delhi International Airport (DIAL).
As per industry reports, the entire airport project will be spread over 5,000 hectares and is estimated cost ₹29,560 crore.
The construction work has been delayed due to the Covid-19 pandemic.
Once completed, this new airport will be India’s largest airport with six runways.