UP Cabinet approves proposal to award Jewar Airport contract to Zurich Airport

11 Dec 2019 CW Team

As a final go-ahead, keeping in mind the recommendations and bid offerings, the Uttar Pradesh Government has given its approval to the proposal that allows ZAI to construct and operate the upcoming airport.

Earlier, the financial bids were opened before representatives of bidders at the Noida International Airport (NIAL) office and the bidder was selected on the basis of the highest bid as per Premium per Passenger (PAX). ZAI came out on top as it quoted the highest bid of Rs 400.97 PAX.

Reportedly, the decision to approve the contract awarded to ZAI was taken up at the UP cabinet meeting on December 10.

It is expected, as stated in reports, that the contract for the airport will be signed with the company soon, so as to begin construction and other works early next year. The government, will, however, issue a conditional letter of award to the company by the end of this week. A final contract will be issued upon completion of the security clearance by the Union Ministry for ZAI – which it is estimated to undertake in January 2020.

5,100 acre (2,063 hectares) has been acquired for the airport project and the environmental clearance has been obtained for what is slated to be one of the biggest airports in Asia. It will be designed, developed and operated under a 40-year concession period and the capital investment in the first phase of the project is expected to be about $650 million during the construction period of nearly four years. The first phase is expected to be able to accommodate around 12 million passengers per year.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Outbidding Indian companies such as DIAL and Adani, Zurich Airport International AG (ZAI) had been awarded the contract to design, develop and operate the international airport at Jewar in Gautam Buddha Nagar in Noida, in November. The Swiss-based developer was put up before PMIC (Project Monitoring and Implementation Committee) on December 2 – where the committee recommended that the company be awarded the contract.As a final go-ahead, keeping in mind the recommendations and bid offerings, the Uttar Pradesh Government has given its approval to the proposal that allows ZAI to construct and operate the upcoming airport. Earlier, the financial bids were opened before representatives of bidders at the Noida International Airport (NIAL) office and the bidder was selected on the basis of the highest bid as per Premium per Passenger (PAX). ZAI came out on top as it quoted the highest bid of Rs 400.97 PAX.Reportedly, the decision to approve the contract awarded to ZAI was taken up at the UP cabinet meeting on December 10. It is expected, as stated in reports, that the contract for the airport will be signed with the company soon, so as to begin construction and other works early next year. The government, will, however, issue a conditional letter of award to the company by the end of this week. A final contract will be issued upon completion of the security clearance by the Union Ministry for ZAI – which it is estimated to undertake in January 2020. 5,100 acre (2,063 hectares) has been acquired for the airport project and the environmental clearance has been obtained for what is slated to be one of the biggest airports in Asia. It will be designed, developed and operated under a 40-year concession period and the capital investment in the first phase of the project is expected to be about $650 million during the construction period of nearly four years. The first phase is expected to be able to accommodate around 12 million passengers per year.

Real Estate

29 Jun 2026

Omaxe to Invest Rs 62 Billion in Hospitality Expansion

Omaxe has announced the launch of a dedicated hospitality business vertical with plans to develop 19 hotels across five states over the next four to five years as part of its strategy to strengthen recurring revenues and expand its integrated development ecosystem.The real estate developer proposes to invest approximately Rs 62 billion, subject to regulatory approvals and market conditions, to develop nearly 5 million sq ft of hospitality assets across high-growth urban centres, pilgrimage destinations and transit corridors.The proposed portfolio will be integrated with Omaxe's existing townsh..

Infrastructure Transport

29 Jun 2026

Third Railway Line Between Tatanagar And Adityapur Likely By September

The third railway line between Tatanagar and Adityapur is expected to be commissioned by September as work on the corridor advances, according to railway sources. The project to add a fourth line on the busy route is progressing and has been allocated Rs 50.89 billion (bn) in funding. The allocation underscores the focus on increasing capacity and easing congestion on the corridor. Relevant timetables are being adjusted to integrate the new capacity into regular operations. Construction activity has involved track laying, formation work and signalling upgrades along strategic stretches, with m..

Infrastructure Transport

29 Jun 2026

Indian Railways Approves Rs 2.7 bn Kavach Rollout in Odisha

Indian Railways has approved a Rs 2.7 billion (Rs 2.7 bn) plan to install the Kavach train collision avoidance system on 631 route kilometres in the East Coast Railway zone. The Ministry of Railways said the work will form part of a wider Kavach deployment programme that relies on an LTE based communication backbone rather than a standalone installation. The approval marks the latest stage in the steady expansion of the indigenous safety technology across the national network. The decision aims to enhance safety and reliability on corridors serving Odisha and adjoining areas. The project will ..