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Friday, 29 November, 2019, 18 : 00 PM [IST]

Zurich International to build airport at Jewar near Delhi

The Noida International Airport Limited (NIAL) on Friday selected Zurich International AG as the concessionaire for developing the Jewar airport, Gautam Budh Nagar, billed to be the biggest airport in India upon completion, reports Vinod Rajput in Hindustan Times.

Four bidders - Delhi International Airport Limited (DIAL), Zurich International AG, Anchorage Infrastructure Investment Holdings Limited and Adani Enterprise Limited - had applied for the project.

Zurich International offered the highest bid of INR 400.97 per passenger against Adani’s bid of Rs 360 that was second highest. Other two companies IGI New Delhi airport concessionaire DIAL offered INR 351 per passenger while Anchorage offered INR 205 per passenger.

“Zurich International has been selected as a successful company as it offered the best price. Now the project would go to Project monitoring and implementation committee that will meet on December 2 for required paperwork and then UP cabinet will complete the process. Zurich International will soon start work at site after completion of formalities. It is a historic day as it will boost growth in this region,” said Arun Vir Singh, CEO, NIAL.

Zurich International had developed Bengaluru’s Kempegowda International airport in partnership with other companies and exited from the project in 2017. It has developed eight airports in Latin America and one in Zurich.
“We are happy to work in Uttar Pradesh as this region has a huge potential. This region has infrastructure, traffic and big catchment area,” said Daniel Bircher CEO of Zurich Airport.

The airport project that was meant to boost growth in the state, and especially western Uttar Pradesh, got stuck in red tape and bureaucratic rigmarole for many years, and most residents of Gautam Budh Nagar had given up hope of it ever becoming a reality.

 “We have completed the paperwork related to this project as per the timelines fixed to ensure that every process is completed exactly as stipulated. Be it land acquisition or getting clearances or the issuance of bid or selection of bidder, every single thing has happened as per the timelines fixed. Now, the work on this project will also start as per the fixed time frame,” Shailendra Bhatia, Nodal Officer, NIAL, said. (Source: Hindustan Times)
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