UP Cabinet approves proposal to award Jewar Airport contract to Zurich Airport
AVIATION & AIRPORTS

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

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. 

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. 

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?