Prime Minister Narendra Modi has laid the foundation stone for the Noida International Airport at Jewar in Uttar Pradesh.
The airport will be the biggest in India once it is completed. It will be developed by Zurich International Airport AG.
The airport is being built at the cost of 29,560 crore and is spread across 5,000 acres. The developing authority has signed concessionaire agreement with the state government.
A Special Purpose Vehicle, Yamuna International Airport Private Limited (YIAPL), of bid winner Zurich International Airport AG will be implementing the project.
Noida International Airport Limited will be a joint venture between UP government (35%), Noida Authority (35%), Greater Noida Industrial Authority (12.5%) and Yamuna Expressway Industrial Authority (12.5%).
Significance of location
It is located at a distance of 72 km from Indira Gandhi International Airport and 40 km from Noida city.
It is near to Yamuna Expressway, Eastern Peripheral Expressway, dedicated freight corridor, Delhi-Mumbai Expressway.
The airport will be connected to Metro Extension from Noida to NIA and the proposed High Speed Rail (Delhi-Varanasi) at airport terminal.
The airport will initially handle 12 million passengers a year. It will expand to 70 million passengers after Phase 4.
The airport will serve the needs of residents of Noida, Grater Noida, New Delhi, Gurugram, Aligarh, Bulandshahr, Agra, Meerut etc.
The first phase has to be completed within 1095 days of appointing. It will have to be operational by September 29, 2024.
During the first phase, there will be two runways. In the next stages, a third runway will be developed after getting due clearances.
A fourth and fifth runway has been conceptualized. It will be taken up in the second stage of expansion.