PM Modi lays foundation stone for Noida International Airport
AVIATION & AIRPORTS

PM Modi lays foundation stone for Noida International Airport

In 20 years, the Noida International Airport will have 70 million passenger terminals, 186 airport stands, a one million tonne cargo terminal, and excellent connectivity via an expressway, metro, and high-speed rail. On November 25, Prime Minister Narendra Modi laid the foundation stone for the Noida airport project.

The airport is expected to open in 2024, but the developer, Zurich Airport International AG, and the Uttar Pradesh government have much bigger plans for the facility.

The prime minister and chief minister will attend the foundation-laying ceremony on November 25 in Jewar, where a large public rally will also be held, as part of the Yogi Adityanath government's campaign for the 2022 assembly elections.

The Yamuna Expressway, Noida Metro, and a high-speed rail line will all connect to the airport. The proposed high-speed rail line between Delhi and Varanasi will include a station at the Noida International Airport, which will be over 800 km long.

The passenger terminals will have a capacity of 70 million passengers, while the cargo logistics and MRO zone, which will be built at the airport, will have a cargo capacity of 1 million tonnes. The north runway and the south runway, both CAT III compliant, will be built at the airport. Up to 186 airport stands will be built as part of the project to accommodate a large number of planes.

A total of 167 acres in the complex has been set aside for real estate development.

Yamuna International Airport Private Limited (YIAPL), a wholly-owned subsidiary of Zurich Airport International AG, is building the Noida International Airport. On October 7, 2020, the Uttar Pradesh government signed a concession agreement with YIAPL, which will be responsible for implementing the public-private partnership project in collaboration with the UP government, New Delhi Okhla Industrial Development Authority(NOIDA), and Greater Noida Industrial Development Authority.

YIAPL will pay a fixed passenger fee to the state-owned authority beginning in the sixth year of the new airport's commissioning, in addition to the necessary capital investments in infrastructure. In the meantime, the NIAL is the implementing agency on behalf of the Uttar Pradesh government, having been established as a joint venture in 2018 with an authorised capital of Rs 10,000 crore.

Image Source

Also read: Noida International Airport to see the light of day in 6 years

In 20 years, the Noida International Airport will have 70 million passenger terminals, 186 airport stands, a one million tonne cargo terminal, and excellent connectivity via an expressway, metro, and high-speed rail. On November 25, Prime Minister Narendra Modi laid the foundation stone for the Noida airport project. The airport is expected to open in 2024, but the developer, Zurich Airport International AG, and the Uttar Pradesh government have much bigger plans for the facility. The prime minister and chief minister will attend the foundation-laying ceremony on November 25 in Jewar, where a large public rally will also be held, as part of the Yogi Adityanath government's campaign for the 2022 assembly elections. The Yamuna Expressway, Noida Metro, and a high-speed rail line will all connect to the airport. The proposed high-speed rail line between Delhi and Varanasi will include a station at the Noida International Airport, which will be over 800 km long. The passenger terminals will have a capacity of 70 million passengers, while the cargo logistics and MRO zone, which will be built at the airport, will have a cargo capacity of 1 million tonnes. The north runway and the south runway, both CAT III compliant, will be built at the airport. Up to 186 airport stands will be built as part of the project to accommodate a large number of planes. A total of 167 acres in the complex has been set aside for real estate development. Yamuna International Airport Private Limited (YIAPL), a wholly-owned subsidiary of Zurich Airport International AG, is building the Noida International Airport. On October 7, 2020, the Uttar Pradesh government signed a concession agreement with YIAPL, which will be responsible for implementing the public-private partnership project in collaboration with the UP government, New Delhi Okhla Industrial Development Authority(NOIDA), and Greater Noida Industrial Development Authority. YIAPL will pay a fixed passenger fee to the state-owned authority beginning in the sixth year of the new airport's commissioning, in addition to the necessary capital investments in infrastructure. In the meantime, the NIAL is the implementing agency on behalf of the Uttar Pradesh government, having been established as a joint venture in 2018 with an authorised capital of Rs 10,000 crore. Image Source Also read: Noida International Airport to see the light of day in 6 years

Next Story
Infrastructure Urban

Macrotech acquires Bain Capital's stake in 3 entities for Rs 3 Bn

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 3.07 billion as part of a strategy to enhance rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In a regulatory filing, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital I..

Next Story
Infrastructure Urban

Tata Steel reports Rs 7.59 Bn net profit in Jul-Sep

Tata Steel reported a net profit of Rs 7.58 billion for the September 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 65.11 billion in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. In a separate statement, Tata Steel CEO and MD TV Narendran said the global operating environment remained complex, with key regions facing subdued growth. Macroeconomic conditions in China continued to weigh on commodity prices, including steel. In India, steel demand continued to improve, but domestic prices were under pressure due to chea..

Next Story
Infrastructure Urban

SC to verdict on Nov 7 on plea against NCLAT

The Supreme Court is scheduled to pronounce its verdict on a plea of State Bank of India (SBI) and other creditors challenging the National Company Law Appellate Tribunal (NCLAT) decision that upheld the resolution plan of grounded air carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC). A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra will pronounce the verdict which was reserved on October 16. The NCLAT had on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownersh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000