The Government of Uttar Pradesh (UP), India, has approved around US$178.5 million to acquire 1,327ha of land for the proposed Jewar International Airport in Gautam Buddh Nagar.
The airport will be developed on a public-private partnership (PPP) model and bids are likely to be invited by the end of this year.
Once operational, the airport will initially manage around five million passengers per year and it is expected this figure will grow to 60 million during the 30-year PPP contract. Jewar Airport is scheduled to become operational by 2023.
The government has created Noida International Airport (NIAL) to work and supervise project development. NIAL will invite bids for concessionaire services to complete the airport project. Noida’s authority and the UP Government will each own a 37.5% interest in NIAL, while the Greater Noida authority and YEIDA will each have a stake of 12.5%.
PwC is the TA to the government. The feasibility report was submitted in April.
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