Zurich Airport inks pact for Noida International Airport development

19 Jul 2021 CW Team

Zurich Airport International AG (ZAIA) has signed a shareholder agreement with the Noida International Airport (NIAL) for the airport's development.

NIAL’s CEO, Arun Vir Singh, and Yamuna International Airport (YIAPL), CEO, Christoph Schnellmann signed the agreement in the presence of Uttar Pradesh CM Yogi Adityanath.

YIAPL is a 100% subsidiary of Zurich Airport International and has been incorporated for the development of Noida International Airport in Jewar.

NIAL will hold a golden share in YIAPL and the right to nominate two directors to the board as per the shareholder agreement. Singh and UP Civil Aviation Director Vishak Iyer to be added as the board of directors.

The UP government's support to establish and continuously enhance surface access to the airport, establish and expand utilities needed to run the airport, maintain law and order, to build and operate the airport, as per the shareholder agreement.

Chief Minister of Uttar Pradesh Yogi Adityanath said that the signing of the shareholder agreement is the further step in the direction of progress for the state, which will create multi-dimensional progress, heading to Uttar Pradesh's economic development.

For Noida International Airport development, the YIAPL has secured a Rs 3,725 crore loan from the State Bank of India (SBI).

In October last year, the Uttar Pradesh government and Zurich Airport International had signed a concession agreement to start the construction of the Noida airport, expected to cost Rs 29,560 crore.

The master plan for the first phase of construction was submitted to the UP government in December 2020 and selected a four-company consortium to sketch the passenger terminal for the Jewar's greenfield airport.

Daniel Bircher, CEO of Zurich Airport International AG (ZAIA), said that the Noida International Airport would be an engine for India and Uttar Pradesh's economic growth.

Image Source

Also read: Jewar airport project gets HDFC funding

Also read: UP sanctions land acquisition funds for second phase of Jewar airport

Zurich Airport International AG (ZAIA) has signed a shareholder agreement with the Noida International Airport (NIAL) for the airport's development. NIAL’s CEO, Arun Vir Singh, and Yamuna International Airport (YIAPL), CEO, Christoph Schnellmann signed the agreement in the presence of Uttar Pradesh CM Yogi Adityanath. YIAPL is a 100% subsidiary of Zurich Airport International and has been incorporated for the development of Noida International Airport in Jewar. NIAL will hold a golden share in YIAPL and the right to nominate two directors to the board as per the shareholder agreement. Singh and UP Civil Aviation Director Vishak Iyer to be added as the board of directors. The UP government's support to establish and continuously enhance surface access to the airport, establish and expand utilities needed to run the airport, maintain law and order, to build and operate the airport, as per the shareholder agreement. Chief Minister of Uttar Pradesh Yogi Adityanath said that the signing of the shareholder agreement is the further step in the direction of progress for the state, which will create multi-dimensional progress, heading to Uttar Pradesh's economic development. For Noida International Airport development, the YIAPL has secured a Rs 3,725 crore loan from the State Bank of India (SBI). In October last year, the Uttar Pradesh government and Zurich Airport International had signed a concession agreement to start the construction of the Noida airport, expected to cost Rs 29,560 crore. The master plan for the first phase of construction was submitted to the UP government in December 2020 and selected a four-company consortium to sketch the passenger terminal for the Jewar's greenfield airport. Daniel Bircher, CEO of Zurich Airport International AG (ZAIA), said that the Noida International Airport would be an engine for India and Uttar Pradesh's economic growth. Image Source Also read: Jewar airport project gets HDFC funding Also read: UP sanctions land acquisition funds for second phase of Jewar airport

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Real Estate

29 Oct 2025

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Infrastructure Transport

29 Oct 2025

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..