Jewar Airport estimated to boost jobs and urban infrastructure in region
AVIATION & AIRPORTS

Jewar Airport estimated to boost jobs and urban infrastructure in region

As reported, it is expected that the upcoming Jewar Airport will give way to the creation of multiple growth opportunities by opening up avenues for employment and an increase in urban infrastructure – according to industry experts. 

It is estimated that apart from the immediate aviation sector, the new airport will also boost development across various sectors of real estate, hospitality, tourism, construction and transportation. As per analysts, the real estate sector in the regions of Noida, Greater Noida and Yamuna Expressway will witness a considerable jump as developers and investors will be keen on investing capital towards commercial real estate – which will in turn also increase demand for these projects. 

Reportedly, other areas that will also experience an impetus in growth are likely to be: Warehousing, logistics, manufacturing and exports. 
Jewar airport will be developed on the PPP model. Going by reports, the plan is to build a two-runway airport by 2022-23 and further in future have it extended to a 7,200-acre six-runway airport. The development of the airport comes at a time when Delhi’s Indira Gandhi International Airport is facing a high influx of passengers and is in need of decongestion. 

The employment opportunities to arise out of the upcoming airport will be direct and indirect, benefitting local workers the most. The development will provide jobs to large groups of people following which; more prospects will open up in various secondary sectors that will grow as a result of the airport. 

 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.

Zurich Airport International has been reported quoted from a statement saying that it would develop and operate the new Noida International Airport at Jewar in Uttar Pradesh under a 40-year concession. 

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.

As reported, it is expected that the upcoming Jewar Airport will give way to the creation of multiple growth opportunities by opening up avenues for employment and an increase in urban infrastructure – according to industry experts. It is estimated that apart from the immediate aviation sector, the new airport will also boost development across various sectors of real estate, hospitality, tourism, construction and transportation. As per analysts, the real estate sector in the regions of Noida, Greater Noida and Yamuna Expressway will witness a considerable jump as developers and investors will be keen on investing capital towards commercial real estate – which will in turn also increase demand for these projects. Reportedly, other areas that will also experience an impetus in growth are likely to be: Warehousing, logistics, manufacturing and exports. Jewar airport will be developed on the PPP model. Going by reports, the plan is to build a two-runway airport by 2022-23 and further in future have it extended to a 7,200-acre six-runway airport. The development of the airport comes at a time when Delhi’s Indira Gandhi International Airport is facing a high influx of passengers and is in need of decongestion. The employment opportunities to arise out of the upcoming airport will be direct and indirect, benefitting local workers the most. The development will provide jobs to large groups of people following which; more prospects will open up in various secondary sectors that will grow as a result of the airport.  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.Zurich Airport International has been reported quoted from a statement saying that it would develop and operate the new Noida International Airport at Jewar in Uttar Pradesh under a 40-year concession. 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
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?