+
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

Reliable Energy Storage Vital for 24/7 Renewable Power: TKIL

Reliable, scalable, and efficient energy storage systems are essential to ensuring uninterrupted renewable energy supply, said engineering firm TKIL Industries at the India Energy Storage Week (IESW) 2025.India aims to achieve 500 GW of renewable energy capacity within the next five years.Speaking at IESW, organised by the India Energy Storage Alliance (IESA), Vivek Bhatia, Managing Director and CEO of TKIL Industries, emphasised that the country’s energy sector is experiencing a major transformation. This shift is being driven by innovations in storage technology, aimed at improving grid re..

Next Story
Infrastructure Energy

IIT Madras, Hyundai Launch £17m Hydrogen Research Centre

The Indian Institute of Technology Madras (IIT Madras) and Hyundai Motor India Ltd (HMIL) have announced the establishment of the Hyundai HTWO Innovation Centre, a cutting-edge hydrogen research facility set to begin operations by 2026.The Rs 180 crore (approx. £17 million or USD 21.5 million) project will be located at IIT Madras' Discovery Campus in Thaiyur, near Chennai. Of the total, Rs 100 crore (approx. £9.4 million) has been committed by HMIL and its philanthropic arm, Hyundai Motor India Foundation (HMIF), with support from the Government of Tamil Nadu and its investment promotion ag..

Next Story
Infrastructure Energy

India’s Hydrogen Demand to Hit 8.8 MTPA by 2032: IESA Report

India’s hydrogen demand is projected to grow at a compound annual growth rate (CAGR) of 3 per cent, reaching 8.8 million tonnes per annum (MTPA) by 2032, according to a report released by the India Energy Storage Alliance (IESA).Unveiled on the first day of the India Energy Storage Week (IESW) 2025, the report points out a gap between ambitious project announcements and actual progress. While green hydrogen (GH₂) projects totalling 9.2 MTPA have been announced, only a limited number have reached Final Investment Decision (FID) or secured long-term domestic or international offtake agreemen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?