Jewar Airport estimated to boost jobs and urban infrastructure in region
AVIATION & AIRPORTS

Jewar Airport estimated to boost jobs and urban infrastructure in region

As reported, it is expected that the upcoming Jewar Airport will give way to the creation of multiple growth opportunities by opening up avenues for employment and an increase in urban infrastructure – according to industry experts. 

It is estimated that apart from the immediate aviation sector, the new airport will also boost development across various sectors of real estate, hospitality, tourism, construction and transportation. As per analysts, the real estate sector in the regions of Noida, Greater Noida and Yamuna Expressway will witness a considerable jump as developers and investors will be keen on investing capital towards commercial real estate – which will in turn also increase demand for these projects. 

Reportedly, other areas that will also experience an impetus in growth are likely to be: Warehousing, logistics, manufacturing and exports. 
Jewar airport will be developed on the PPP model. Going by reports, the plan is to build a two-runway airport by 2022-23 and further in future have it extended to a 7,200-acre six-runway airport. The development of the airport comes at a time when Delhi’s Indira Gandhi International Airport is facing a high influx of passengers and is in need of decongestion. 

The employment opportunities to arise out of the upcoming airport will be direct and indirect, benefitting local workers the most. The development will provide jobs to large groups of people following which; more prospects will open up in various secondary sectors that will grow as a result of the airport. 

 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.

Zurich Airport International has been reported quoted from a statement saying that it would develop and operate the new Noida International Airport at Jewar in Uttar Pradesh under a 40-year concession. 

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.

As reported, it is expected that the upcoming Jewar Airport will give way to the creation of multiple growth opportunities by opening up avenues for employment and an increase in urban infrastructure – according to industry experts. It is estimated that apart from the immediate aviation sector, the new airport will also boost development across various sectors of real estate, hospitality, tourism, construction and transportation. As per analysts, the real estate sector in the regions of Noida, Greater Noida and Yamuna Expressway will witness a considerable jump as developers and investors will be keen on investing capital towards commercial real estate – which will in turn also increase demand for these projects. Reportedly, other areas that will also experience an impetus in growth are likely to be: Warehousing, logistics, manufacturing and exports. Jewar airport will be developed on the PPP model. Going by reports, the plan is to build a two-runway airport by 2022-23 and further in future have it extended to a 7,200-acre six-runway airport. The development of the airport comes at a time when Delhi’s Indira Gandhi International Airport is facing a high influx of passengers and is in need of decongestion. The employment opportunities to arise out of the upcoming airport will be direct and indirect, benefitting local workers the most. The development will provide jobs to large groups of people following which; more prospects will open up in various secondary sectors that will grow as a result of the airport.  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.Zurich Airport International has been reported quoted from a statement saying that it would develop and operate the new Noida International Airport at Jewar in Uttar Pradesh under a 40-year concession. 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 Transport

Mumbai-Pune Expressway 'Missing Link' Nears Completion

The long-awaited "Missing Link" on the Mumbai-Pune Expressway is now 92% complete and is expected to open by August 2025. The 13.3-km stretch, developed by the Maharashtra State Road Development Corporation (MSRDC), will significantly improve connectivity between Khopoli and Kusgaon. This eight-lane access-controlled expressway bypasses the steep 19-km Khandala Ghat section, reducing the route by 5.7 km and cutting travel time by 20-30 minutes. The new alignment is designed to ease monsoon-induced congestion and minimize landslide risks. The project features two tunnels—1.75 km and 8.92 km..

Next Story
Infrastructure Transport

Gurugram Metro to Upgrade 335.52 km of Roads

In a significant move to enhance access to the upcoming Gurugram Metro, the Gurugram Metro Rail Ltd. (GMRL) has identified a total of 335.52 km of roads, lanes, and adjoining areas in need of improvement. This initiative, which is part of the metro project's broader goals, focuses on improving walkability and promoting non-motorised transport (NMT) around metro stations, benefiting daily commuters and residents. The infrastructure upgrades will include improvements to the carriageway, the development of green zones and swales, pedestrian paths, cycle paths, service roads, and the installation ..

Next Story
Infrastructure Transport

URC Constructions Wins Bid for Veerannapalya Metro Station

Bangalore Metro Rail Corporation Ltd. (BMRCL) has awarded the remaining construction contract for the Veerannapalya Station of the Blue Line to URC Constructions Pvt. Ltd. after the firm emerged as the lowest bidder. The bid, valued at Rs. 357.4 million, is for the completion of the elevated station under Phase 2B of the Bangalore Metro project. This project is part of the under-construction Blue Line of Bangalore Metro's Phase 2A (ORR Line) and Phase 2B (Airport Line), which will connect Silkboard, KR Puram, and Bengaluru International Airport through 30 stations. Initially, the constructio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?