The Noida International Airport and Zurich Airport International AG on October 7, 2020, signed a concession agreement that would allow the Switzerland headquartered company to build and operate the Noida International Airport at Jewar for 40 years.
After winning the bid to build the project recently, officials of Zurich Airport International on January 15 reportedly visited the project site and discussed the master plan with the brass of the Noida International Airport (NIAL). It is known that the Swiss company would soon apply to the Union home ministry for a safety clearance for the airport project, work on which is set to start in February this year, as per a Proptiger.com report
The bidding process for the Greater Noida Airport has drawn the attention of the state-run Airports Authority of India (AAI) as well as that of the GNR group. The two entities are running the Delhi Airport in a joint venture and are now likely to bid against each other for the upcoming airport in Noida.