[ecis2016.org] According to projections by Zurich Airport International Asia, work on phase-1 of the project could be completed by September 2024
Prime minister Narendra Modi, on November 25, 2021, laid the foundation stone for the Jewar Airport in Noida, in a move that would initiate the process to construct what is billed as the country’s biggest airport project. Among the high-profile guests for the grand bhumi poojan ceremony for Noida International Airport – the national capital region’s second airport – was UP chief minister Yogi Adityanath.
You are reading: Jewar Airport: PM lays foundation stone for Noida International Airport
According to projections by Zurich Airport International Asia, the developer of the Jewar Airport, work on Phase-1 of the project could be completed by September 2024. Spread over more than 1,300 hectares of land, phase-1 of the Noida International Airport, which is being developed at an estimated cost of Rs 10,050 crores, will have a capacity to serve around 1.2 crore passengers a year.
Touted to be an infrastructure project that would transform India’s most populous state, the Jewar Airport is being developed in four phases, at an estimated construction cost of around Rs 15,754 crores.
Jewar Airport connectivity
Since the success of the airport depends largely on how easily accessible it would be for people in the NCR, which also has the IGI Airport, many plans are underway to develop a robust connectivity network for the Noida International Airport. It is in fact envisioned to be a multi-modal transit hub, with metro connectivity, high-speed rail stations, taxi, bus services and private parking.
Noida International Airport – How will it change UP?
Once completed, the Jewar Airport, formally known as the Noida International Airport (NIA), will decongest the Indira Gandhi international Airport in Delhi and give a major boost to the economy in Uttar Pradesh, one of the BIMARU states in India. The Jewar Airport will also provide Uttar Pradesh the rare distinction of being the only state in India to have five international airports. The only airport to be conceptualised with an integrated multi-modal cargo hub, the Jewar Airport will also bring UP on the global logistics map.
While serving people of Delhi, Noida, Ghaziabad, Aligarh, Agra, Faridabad and neighbouring areas, the Noida International Airport could be a game changer for UP, because of its size and scale.
Jewar airport: PM Modi to lay foundation stone for Noida International Airport on November 25
The Noida International airport is likely to be open for public use by September 2024.
November 21, 2021: Preparations are underway for the foundation laying ceremony of the Noida International Airport at Jewar on November 25, 2021, with the Uttar Pradesh government administration doing the groundwork for Prime Minister Narendra Modi’s visit to mark the occasion. More than one lakh people are expected to attend the bhumi poojan at Jewar that is the chosen site to host the largest airport in India.
Ahead of the event, Uttar Pradesh chief minister yogi Adityanath is also likely to visit the proposed airport site to take stock of the ongoing preparations.
“A site in Rohi village has been finalised, where the foundation stone for the Airport will be laid. We had earlier shortlisted four sites. Several factors had been taken into account while deciding the location. We are expecting between 1 lakh and 1.25 lakh people to attend the ceremony. Further preparations are underway to make the event a success,” said Arun Vir Singh, CEO, Yamuna Expressway Industrial Authority (YEIDA).
“The Jewar project is a dream come true for all residents. We are carrying out surveys and visits to ensure the event goes well. Meetings are being carried out with locals and there will be participation in huge numbers. In the coming days, more visits will take place to the selected site,” said Jewar MLA Dhirendra Singh.
Noida airport will be operational by September 2024
September 23, 2021: If all goes according to the plan, the second airport in the national capital region would become operational by September 2024—in recent interviews to the media, Noida International Airport chief executive Christoph Schnellmann said “September 30, 2024, is the date we are working towards”.
Lying nearly 80 kilometre away from national capital Delhi, the Noida International Airport is likely to be a game changer by providing a connectivity boost to several key cities of India’s most populous state, Uttar Pradesh. Aside from pushing up employment and investment opportunities in several cities, the Jewar Airport, which is being developed in a public-private partnership (PPP) mode, will also share the phenomenal air traffic burden taken care of by the India Gandhi International Airport in the national capital. Among many other things, the Jewar airport will be the first net zero-emissions airport in its class.
Earlier, the inaugural event for the Jewar Airport was expected to take place during Navratri, the nine-day festival dedicated to Goddess Durga that was celebrated between October 7 and October 15, 2021.
How will the Jewar Airport impact the property market?
Ever since the second airport for Delhi-NCR in Jewar was given an in-principle clearance, developers have been betting big on this otherwise slow-moving real estate area. They are of the view that the upcoming airport would enable the slowdown-hit property market in Noida, Greater Noida and Yamuna Expressway to not only get out of a prolonged slowdown but also score better over other better performing markets in the region.
“Besides reducing the congestion at the Delhi Airport, the proposed Jewar airport will generate demand in the real estate sector, in Yamuna Expressway and Greater Noida,” says RK Arora, CMD of Supertech.
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“An airport is a long-term project. With the kind of inventory that is available today, the immediate impact may not be that much. However, in the long term, it can be a game changer, provided that industries are also developed in the region,” says Nikhil Hawelia, managing director of the Hawelia Group.
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Jewar airport latest news updates
Construction work for Jewar Airport may start before August 2021-end as YEIDA approves master plan
Decks have been cleared for Yamuna International Airport Pvt Ltd to start the construction work for the airport project within a week.
August 19, 2021: All formalities to commence the construction of the Jewar Airport have been completed, with the Yamuna Expressway Industrial Development Authority (YEIDA) giving its approval to the Noida International Airport master plan. Earlier, Noida International Airport Limited (NIAL), the nodal agency set up by the Uttar Pradesh government for the Jewar Airport, approved the Jewar Airport master plan. With this, decks have been cleared for the project’s executing company, Yamuna International Airport Pvt Ltd (YIAPL), to start the construction work for the airport project within a week.
Decks cleared for Jewar Airport construction, with financial closure for Phase-1
August 12, 2021: Yamuna International Airport Pvt Ltd (YIAPL), on August 11, 2021, said that it had raised Rs 3,725 crores of debt from public lender State Bank of India (SBI), completing the funding for Phase-1 of the Jewar International Airport project, which will be developed on an area of 1,334 hectares, with two runways. Consequently, prime minister Narendra Modi may soon lay the foundation stone for the project.
According to a statement by YIAPL, a financing agreement was signed between the YIAPL, SBI and Noida International Airport Limited (NIAL). “YIAPL has raised Rs 3,725 crores in debt from SBI, to be repaid over a period of 20 years with a one-year moratorium, post completion of the project. This is one of the largest financing in an Indian greenfield airport. The financial close marks another crucial milestone for the project, bringing it closer to the start of construction works,” an official statement said.
Established to develop the Jewar Airport, formally named the Noida International Airport, YIAPL is a 100% subsidiary of Swiss developer Zurich Airport International AG. On the other hand, NIAL is the nodal agency set up by the Uttar Pradesh government for the Jewar Airport.
YIAPL would pay 65% of the Jewar Airport project cost through funding from SBI, while the remaining money would be paid by its parent, Zurich Airport International.
The financial closure for Phase-1 of the Jewar Airport project comes days after the UP government signed a licence memorandum on July 31, 2021, formalising the transfer of land for the construction of the airport in Noida, which is billed to be the country’s biggest airport, upon completion.
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During the signing, which had UP chief minister Yogi Adityanath as an attendee, apart from Yamuna International Airport Pvt CEO Christoph Schnellmann, Noida International Airport Limited CEO Arun Veer Singh and civil aviation director Vishak G Iyer, 1,334 hectares of the Jewar Airport land was handed over from the Noida International Airport Limited to the Yamuna International Airport Pvt Limited.
“Civil aviation is an area of great potential, in terms of generating employment and ensuring economic prosperity. With the establishment of the Jewar Airport, the industrial infrastructure in Uttar Pradesh will be augmented and will create more investment opportunities, besides giving impetus to the tourism sector,” Adityanath said during the virtual ceremony.
Jewar Airport gets security clearance from Aviation Ministry subsidiary
The Bureau of Civil Aviation Security (BCAS) has given its clearance to the Jewar International Airport project
April 15, 2021: The Bureau of Civil Aviation Security (BCAS) has given its clearance to the Jewar International Airport, on April 14, 2021. Falling under the purview of the Aviation Ministry, the BCAS is the regulatory authority for civil aviation security in India.
“A great news! The security clearance and vetting for Phase I of the Noida International Airport has been received from BCAS also and has already been received from the other regulating authorities,” SP Goyal, additional chief secretary to UP chief minister said, in a tweet.
The development comes a day after Yamuna International Airport Private Limited (YIAPL), a subsidiary of Zurich AG, which has been appointed to build the airport, floated tenders to start the construction work. To be awarded in two parts, part-1 of the assignment will cover construction, engineering and procurement of the terminal building while part-2 will cover airside and landside development. The YEIDA will be awarding contracts of over Rs 25 crores through a competitive bidding process while work orders of Rs 25 crores could be offered directly to vendors. The building plan and design for the airport project have been approved by various regulatory bodies.
The Yamuna Expressway Industrial Development Authority (YEIDA), which is the nodal agency to monitor the project and under which the airport project is being built, has also recently issued a request for proposal (RFP) to recruit an agency for the airport foundation stone-laying programme.
The ceremony – the dates have yet to be announced by the YEIDA – will be attended by the prime minister and the UP chief minister. The YEIDA has started the process to empanel agencies that will manage, organise and execute big-ticket events for the airport project in future, as well.
Meanwhile, the UP state government has approved the proposal for acquisition of land for the second phase, under which 1,365 hectares of land will be acquired.
Jewar Airport: UP government allots Rs 2,890 crores for phase-II land purchase
The UP government has allocated Rs 2,890 crores, for the acquisition of 1,365 hectares of land for phase-II of the Jewar International Airport in Noida
March 18, 2021: The Uttar Pradesh cabinet, on March 17, 2021, approved a fund allocation to the tune of Rs 2,890 crores, for land acquisition for phase-II of the Jewar International Airport in Noida. The approved grant is meant for the purchase of 1,365 hectares of land for the airport project, touted to be Asia’s biggest, upon completion.
The announcement comes days after a state support agreement was signed between the Yamuna International Airport Private Limited and the Noida International Airport Limited, a subsidiary of the Zurich Airport International, the Swiss developers tasked with the responsibility to construct the mega project.
The fund approved by the cabinet would also cover the cost of resettlement and rehabilitation of displaced people, due to the land acquisition by the government. The Gautam Buddh Nagar district administration has already acquired land of 48 hectares in the Jewar Bangar area, for the rehabilitation of displaced people.
A total of 5,000 hectares of land is required to develop the mega airport project, with six runways, in the Gautam Budh Nagar district of Uttar Pradesh, in four phases. Land acquisition for phase-I has already been completed, under which more than 1,334 hectares of land was purchased.
In its budget presented on February 17, 2021, the Uttar Pradesh government had also allocated Rs 2,000 crores for the airport project. “A budget of Rs 2,000 crores has been proposed for the Noida International greenfield airport in Gautam Buddh Nagar’s Jewar,” UP finance minister Suresh Khanna said, in his Budget speech, adding that phase-I of the airport project would be operational by 2023.
Jewar Airport master plan sent to Civil Aviation Ministry for technical inspection
The Jewar Airport master plan envisages the details of the development of the project over the next 40 years
December 9, 2020: Plans to develop a second airport in the National Capital Region (NCR) are gaining steam, with the Noida International Airport Limited (NIAL) sending the Jewar Airport’s master plan to the union Civil Aviation Ministry for technical approval, on December 8, 2020. Under the master plan, which talks about a four-phased development of the airport project in Noida, the airport developer has envisaged development of the Delhi-Varanasi High Speed Rail Station within the terminal building.
The ministry is expected to take nearly a month to conduct the technical vetting of the document and will then send it back to the Yamuna Expressway Industrial Development Authority for further screening.
Zurich AG, the company that earlier won the bid to develop the Jewar Airport, submitted the master plan for the mega project on December 3, 2020. In August 2020, Zurich AG also conducted the survey of the land before the development work on Phase-I could start.
Following a December-6 deadline, the Swiss company submitted the master plan to NIAL, the special purpose vehicle established to oversee the project work. The master plan, which is expected to be unveiled early in 2021, amid pressure on the centre and the state government to boost the economic prospects of a region that has been reeling under the effects of a slowdown for nearly half a decade now, will undergo the scrutiny of the union Civil Aviation Ministry, the Uttar Pradesh government and several other regulatory agencies, before its launch.
“The master plan will be forwarded to the state government, as well as the union government, for scrutiny. In case some revision or rectification is required, Zurich AG will be asked to update the plan,” said YEIDA CEO Arun Vir Singh. The Jewar Airport master plan will outline the development of the project over the course of the next 40 years.
Meanwhile, the Project Monitoring Implementation Committee (PMIC) for the Jewar Airport, after a feasibility study, has recommended five runways for the project. The project was earlier estimated to have between six and eight runways. The UP cabinet will consider the recommendation in its meeting, likely to be held later in December 2020. Expected to be operational by 2023, Phase-I of the Jewar project is likely to have two runways.
YEIDA seeks permission to start land acquisition for Phase-II
In November 2020, the Yamuna Expressway Industrial Development Authority (YEIDA) also sought permission from the state government, to start land acquisition for Phase-II of the project. In Phase-II, a total of 1,365 hectares of land will be acquired by the Authority. “Once we have the permission the administration will start the land acquisition, with the support of farmers,” said Singh.
HDFC Bank to lend Rs 500 crores for Jewar Airport project
Private lender HDFC Bank has agreed to lend Rs 500 crores for the Jewar Airport project, which could be increased at a later stage
November 4, 2020: Private lender HDFC Bank has reportedly entered into an agreement with the Yamuna Expressway Industrial Development Authority (YEIDA), to offer a Rs 500-crore loan. The loan amount, for a period of five years, which will be used to buy land for the airport project and its development, could be increased at a later stage.
The YEIDA has already secured financial assistance to the tune of Rs 4,500 crores for the development of the project, touted to be the biggest airport in India upon completion. However, the overall cost of the Jewar Airport project development is estimated to be over Rs 29,500 crores. While stating that the agency has achieved the financial closure for the project’s first phase, YEIDA CEO Arun Vir Singh said that it is planning to raise between Rs 20,000 crores and Rs 25,000 crores through infrastructure bonds.
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In the meantime, the YEIDA has also upped its ante against illegal developments along the project site, as instances of encroachments have increased after the Swiss company Zurich International AG, in October 2020, signed the agreement to start work on the project.
Jewar Airport: Zurich Airport and UP government sign pact, phase-I to be ready by 2024
Zurich Airport has signed the concession agreement with the government of Uttar Pradesh, to develop the Jewar Airport, paving the way for the construction of phase-I by 2024
October 8, 2020: Swiss aviation company Zurich Airport International (Flughafen Zürich AG), on October 7, 2020, signed a concession agreement with the government of Uttar Pradesh, to develop the national capital region’s second airport at the proposed site in Jewar, a move that would improve the prospects of Noida’s real estate market in a big way.
Located 70 kms away from the India Gandhi International Airport in Delhi, the Jewar Airport is expected to cater not only to the spill-over traffic from Delhi’s IGI Airport but also to several new areas in western Uttar Pradesh, Haryana and Rajasthan.
According to the Swiss company, which outbid players like Adani Enterprises and Anchorage Infrastructure Investments Holdings Limited to win the contact for the Jewar Airport in November 2019, the airport will serve 12 million passenger once phase-I of the project is complete in a matter of three-and-a-half years’ time.
According to Zurich Airport International CEO Daniel Bircher, phase-I of the project will be ready by early 2024, even though the ongoing conditions pose a challenge.
“In the last five to six years, a growth rate of over 20% has been observed for some airports in India. So, any substantial changes in traffic projections are not seen. Domestic travel will rebound very quickly,” Bircher said, after the signing of the pact with the UP government. “Today, there is an impact (on account of the Coronavirus crisis) but we are very confident that India, with such a large domestic market, will very strongly rebound as we have seen in 2011-12,” he added.
To be developed at an estimated cost of Rs 4,500 crores, the first phase of the airport project with one runway will be spread over an area of 1,334 hectares. By the fourth phase, Zurich will build two runways to cater to a projected passenger traffic of 70 million.
Jewar Airport: Concession agreement to be signed by October 15, 2020
September 29, 2020: Zurich Airport International AG, the company that won the bid to build the Jewar Airport project in 2019 and Yamuna International Airport Private Limited, the special purpose vehicle for the project, are set to sign a concession agreement for the Jewar Airport by October 15, 2020
The agreement between Zurich Airport International AG and Yamuna International Airport Private Limited was set to be signed in July 2020, after Zurich Airport International received the clearance to carry out the project work from the home affairs ministry, on May 19, 2020 but the process was delayed, because of the ongoing Coronavirus pandemic that resulted in a halt to international flight operations.
While NIAL is the nodal agency to monitor the airport project in Jewar, Yamuna International Airport Private Limited is the SPV formed in January 2020 for the development and airport project.
“Once the agreement is signed, Zurich will start work at the site in the next six months, as it needs time to mobilise the workforce and also rope-in the required agencies,” said NIAL CEO Arun Vir Singh.
According to official estimates, the first phase of the airport project, which will be the biggest airport in India with the capacity to handle 70 million passengers a year by 2040-50, is likely to be completed by 2023.
Jewar Airport gets Rs 2,000 crores in UP Budget for 2020-21
The Jewar International Airport near Delhi has been allocated Rs 2,000 crores in the Uttar Pradesh Budget for 2020-21
February 19, 2020: The Noida International Greenfield Airport at Jewar near Delhi has been allotted Rs 2,000 crores, which is about half of the estimated cost of its first phase of construction, in the Uttar Pradesh Budget for 2020-21, which was presented in the state assembly by finance minister Suresh Kumar Khanna, on February 17, 2020. “The airport is expected to go operational by 2023,” Khanna said, in his speech.
Jewar Airport: Gautam Buddh Nagar administration completes land acquisition for phase-I
January 29, 2020: The Gautam Buddh Nagar administration, on January 27, 2020, acquired around 18 hectares of land, completing the land acquisition for the first phase of the Jewar Greenfield International Airport.
Zurich Airport wins bid to develop Jewar Airport
The Zurich Airport International AG has been selected as the concessionaire for developing the Jewar Airport in the National Capital Region
The Uttar Pradesh cabinet, on December 9, 2019, approved Zurich Airport International as the developer for the Jewar Airport and the construction of what is being billed the biggest airport in the country, is expected to begin in February 2020. The conditional letter of award pertaining to the Noida International Greenfield Airport, Jewar, was handed over to the CEO of Zurich Airport International AG, Daniel Bircher, on December 16, 2019,
The Switzerland-headquartered company outbid competitors like Delhi International Airport Limited (DIAL), Adani Enterprises and Anchorage Infrastructure Investments Holdings Limited.
(With inputs from PTI)
Jewar Airport: UP government approves Rs 1,260 crores for land acquisition
November 26, 2018: The Uttar Pradesh government has approved a fund of Rs 1,260 crores, released for acquisition of land in the first phase of airport construction, for the proposed Jewar airport in Gautam Buddh Nagar. The amount is to be spent for land acquisition and payment to the farmers concerned, according to an official document.
(With inputs from PTI)
Centre gives in-principle approval for Jewar airport
April 24, 2018: The centre has given an in-principle approval to the proposed greenfield airport near Jewar, in Gautam Buddh Nagar, during a steering committee meeting held in New Delhi. The approval to this effect was given at the meeting on April 23, 2018, attended by principal secretary (civil aviation) SP Goyal and other senior officials, special secretary for civil aviation, Suryapal Gangwar said.
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The detailed project report and techno-economic feasibility report for the project, have been prepared by Price Waterhouse Coopers. As per the report, acquisition of 1,441 hectares of land in eight villages, is proposed for the airport, which will be built on the PPP mode. The work for the project will be taken up in four phases, at an approximate cost of Rs 15,754 crores, he said.
The airport will have two runways, with a capacity to handle 70 million passengers annually and cargo handling capacity of three million metric tonnes per year. Preliminary work on the project had started in April 2017 and it is because of the coordination between the centre and the state that the in-principle approval has been accorded within one year time, he said. On July 6, 2017, the steering committee had given site clearance to the project, he said. The Yamuna Expressway Industrial Development Authority has already been made the nodal agency for this project.
(With inputs from PTI)
FAQs
What is the status of Jewar airport?
The Jewar airport foundation-laying ceremony will take place on November 25, 2021.
Is Jewar airport ready?
No, the Jewar airport will be ready by September 30, 2024.
How far is jewar airport from Pari Chowk?
Pari Chowk is nearly 49 kilometer away from Jewar. It takes a 45 minute drive to cover the distance between the two spots.
Who is constructing Jewar Airport?
Zurich Airport International AG will develop the Jewar Airport. Other companies that bid for the airport but lost to Zurich Airport included Delhi International Airport Limited (DIAL), Anchorage Infrastructure Investments Holdings Limited and Adani Enterprises.
What is the status of land acquisition for the Jewar Airport?
The Gautam Buddh Nagar administration, on January 27, 2020, completing the land acquisition for the first phase of the Jewar Greenfield International Airport, by transferring the last parcel of land to the Yamuna Expressway Industrial Development Authority (YEIDA). In total, 1,334 hectares of land have been transferred for the first phase.
What is the date for Jewar Airport inauguration?
The first phase of the Jewar Airport is expected to be completed by 2023.
How big will the Jewar Airport be?
The Jewar Airport, which is being billed as the biggest airport in the country, will come up on 5,000 hectares of land.
How many villages are there in the Jewar Airport?
Land from five villages – Rohi, Parohi, Dayanatpur, Ranhera and Kishorpur – will be acquired for the construction of the first phase of the Jewar Airport.
What is the cost of the Jewar Airport?
The cost for the Jewar Airport is estimated to be around Rs 29,560 crores.
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Source: https://ecis2016.org
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