Amid speeding up of work on the Jewar International Airport in Noida, the twin authorities in the region have announced their plans to release over Rs 1,800 for the airport project. Noida Authority, which owns 37.7% stake in the second airport in the NCR, will release Rs 1,359 crore. Greater Noida Authority, which has 12.5% share in the airport, will release Rs 453 crore. Yamuna Expressway Authority owns a 12.5% stake in the project while the Uttar Pradesh government owns the remaining 37.5%.
The Noida International Greenfield Airport is 20% complete and of the Rs 5,700 crore earmarked for Phase-1 of the project, 29.5% has been spent so far, Noida International Airport Limited said in an official statement on December 27, 2022.
“We have secured a funding of Rs 5,730 crore, and we expect to deliver the airport within the funding that has been sanctioned,” Christoph Schnellmann, chief executive officer, YIAPL, told media in December last year.
“The 17-km boundary wall around the airport site has been completed and the electricity substation with 11kVA capacity is ready. The work progress is on schedule. Some work on runway, air traffic control building and terminal building has been completed,” said Arun Vir Singh, chief executive officer, Nial. At least 6,000 workers will be deployed at the project site to complete the work on schedule, Nial officials added.
Prime Minister Narendra Modi laid the foundation stone of the Noida airport project on November 25, 2021. The project is slated to be completed by 2024-end. With two terminal buildings spread over 5 lakh square metre, the Jewar airport will be developed in four phases. Phase-1 of the airport will cater to 12 million passengers in year. This number will be increased to 70 million in Phase-4.
