Flughafen Zürich AG was chosen as Selected Bidder for the concession to design, develop and operate the new Noida International Airport at Jewar in India.
Under a 40-year concession, Flughafen Zürich AG will build and manage the new greenfield airport in Jewar. The new airport will be located around 80 kilometers south of Delhi and will be fundamental to accommodate the expected flight traffic growth rates in the National Capital Region.
The airport will be built on an area of 5100 hectares and will be developed in phases. The first phase of the project will involve building two runways on 1,334 hectares of land and is expected to be completed by 2023. The capital investments associated with the first phase is expected to amount to roughly CHF 650 million (USD 657 million) during the construction period of approximately four years. The first phase will be able to accommodate around 12 million passengers per year.
When completed the airport will feature 6 runways. This will make it the largest airport in India and it will join the list of largest airports in the world.
Besides the necessary capital investments in the infrastructure, Flughafen Zürich AG shall pay a fixed passenger fee to the state-owned authority starting on the sixth anniversary of the commissioning of the new airport. Flughafen Zürich AG currently holds 100% of the project.
Last month the Yamuna Expressway Industrial Development Authority (YEIDA) on behalf of the Uttar Pradesh State Government in India has shortlisted four companies to participate in bids for the airport project. In total, 20 companies submitted qualifications for the tender of the project.