NIAL approves Noida airport development master plan
Real Estate

NIAL approves Noida airport development master plan

According to the officials, on Friday, Noida International Airport Limited (NIAL) approved the master plan of developing the proposed Noida International Airport.

The officials told the media that on Friday, the master plan along with the project status report was submitted to the NIAL board during its 11th meeting in Lucknow. The meeting was held under the chairmanship of Rajendra Kumar Tiwari, Uttar Pradesh Chief Secretary, who is also the chairman of the NIAL board, while the agenda was submitted by NIAL CEO Arun Vir Singh.

As per an official statement, the board approved the presented master plan of the Noida international airport at Jewar and the progress made in the greenfield project in the meeting.

Singh said that the master plan was sent for suggestions and observations to the Ministry of Civil Aviation, which sent it back with in-principle approval. According to the statement, the NIAL board, while giving its permission to the master plan on Friday, ordered project officials to get the approval of the Yamuna Expressway Industrial Development Authority (YEIDA) as well.

Singh informed the board that the Yamuna International Airport Private Limited (YIAPL), a 100% subsidiary of the project concessionaire Zurich International Airport AG approved the master plan.

The officials told the media that the master plan was first given to central agencies in December 2020, after which it was sent back with some suggestions and observations. The revised master plan was sent to the central agencies in May this year, after which NOC (no objection certificate) was received by them.

The NIAL, the authority on the joint venture plan, has the Greater Noida Industrial Development Authority, the Noida Industrial Development Authority, the Uttar Pradesh government and the Yamuna Expressway Industrial Development Authority as its stakeholders. The greenfield airport, announced to be the largest in India upon completion, is being built by Yamuna International Airport Private Limited, a 100% subsidiary of the Swiss company, Zurich International Airport AG.

According to the officials, work is underway for the first phase of the project that will spread over an area of 1,334 hectares.

Image Source


Also read: Uttar Pradesh govt completes first phase of funding for Noida airport

Also read: Zurich Airport inks pact for Noida International Airport development

According to the officials, on Friday, Noida International Airport Limited (NIAL) approved the master plan of developing the proposed Noida International Airport. The officials told the media that on Friday, the master plan along with the project status report was submitted to the NIAL board during its 11th meeting in Lucknow. The meeting was held under the chairmanship of Rajendra Kumar Tiwari, Uttar Pradesh Chief Secretary, who is also the chairman of the NIAL board, while the agenda was submitted by NIAL CEO Arun Vir Singh. As per an official statement, the board approved the presented master plan of the Noida international airport at Jewar and the progress made in the greenfield project in the meeting. Singh said that the master plan was sent for suggestions and observations to the Ministry of Civil Aviation, which sent it back with in-principle approval. According to the statement, the NIAL board, while giving its permission to the master plan on Friday, ordered project officials to get the approval of the Yamuna Expressway Industrial Development Authority (YEIDA) as well. Singh informed the board that the Yamuna International Airport Private Limited (YIAPL), a 100% subsidiary of the project concessionaire Zurich International Airport AG approved the master plan. The officials told the media that the master plan was first given to central agencies in December 2020, after which it was sent back with some suggestions and observations. The revised master plan was sent to the central agencies in May this year, after which NOC (no objection certificate) was received by them. The NIAL, the authority on the joint venture plan, has the Greater Noida Industrial Development Authority, the Noida Industrial Development Authority, the Uttar Pradesh government and the Yamuna Expressway Industrial Development Authority as its stakeholders. The greenfield airport, announced to be the largest in India upon completion, is being built by Yamuna International Airport Private Limited, a 100% subsidiary of the Swiss company, Zurich International Airport AG. According to the officials, work is underway for the first phase of the project that will spread over an area of 1,334 hectares. Image Source Also read: Uttar Pradesh govt completes first phase of funding for Noida airport Also read: Zurich Airport inks pact for Noida International Airport development

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