Jewar airport bid: Zurich AG gets key panel nod, over to state govt

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Greater Noida: Switzerland’s Zurich Airport International AG, which recently won the contract to build the proposed airport in Jewar, received approval from UP’s Project Monitoring and Implementation Committee (PMIC) on Monday.

Sparking renewed hopes for the project and the development of areas around it, the PMIC gave its nod for the selection of the operator as the concessionaire of the Noida International Greenfield Airport.

The selected concessionaire is the operator of Zurich airport in Switzerland, along with eight other airports in Latin American cities. It had also built and operated the Bengaluru airport for ten years, before moving out.

“The PMIC on Monday recommended the selection of Zurich Airport International AG as the concessionaire for Jewar Airport. The final approval will be given by the state cabinet during its meeting,” said Shailendra Bhatia, the nodal officer for Jewar airport, NIAL.

With a bid of Rs 400.97 per passenger, the Zurich airport operator won the bid on November 29 for constructing and operating the Jewar Airport Projects. It will sign a contract for 40 years. Following PMIC’s approval, the only pending formality is the approval from the UP state cabinet, which is also expected to come through this week.

“Once the cabinet approves the selected concessionaire, the final agreement will be prepared. Working out the financials and other details may take a couple of months, after which construction will be started,” said Arunvir Singh, the CEO, Noida International Airport Limited and YEIDA.
The Jewar international airport will begin operations in its first phase with two runways — expandable to six by the end of the fourth phase — and is chasing a deadline of late 2023 or early 2024.

Zurich AG (FZ) won the bid by a margin of Rs 40 per passenger, defeating three other groups that were all found to be technically qualified. Adani Enterprises, which won bids to manage six airports last year was second at Rs 360. Delhi International Airport Ltd (DIAL), which is backed by the GMR group that runs the Hyderabad airport and is constructing airports in Goa and abroad, was third at Rs 351. Anchorage Infrastructure Investments Holdings Ltd — part of the Fairfax Group, whose Fairfax India Holdings owns 54% of Bangalore airport — quoted Rs 205.

Courtesy:- https://timesofindia.indiatimes.com/city/noida/jewar-airport-bid-zurich-ag-gets-key-panel-nod-over-to-state-govt/

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