Swiss Firm To Develop India's Biggest Airport In Jewar Near Delhi, Outbids Adani, DIAL

The Zurich Airport International AG was Friday granted the development project of the Jewar airport, claimed to be India’s biggest upon completion. The Swiss Firm made the highest per passenger bid for developing the Jewar airport, leaving behind competitors like Adani Enterprises, Delhi International Airport Limited (DIAL) and Anchorage Infrastructure Investments Holdings Limited.

"Zurich Airport International AG has made the highest bid for developing the Jewar airport and has been selected as the concessionaire for the airport," Bhatia said.

Nodal Officer for the Project, Shailendra Bhatia said that once completed, the Jewar Airport or the Noida International Greenfield Airport will come up in 5,000-hectare area. It is estimated to coast Rs 29,560 crore.

A global tender was floated to hire a developer for the proposed airport on May 30 by the NIAL, an agency floated by the Uttar Pradesh government for managing the mega project in Gautam Buddh Nagar district. The Adani Enterprises had placed a bid of Rs 360 per passenger but the Zurich Airport International AG had them outbid with Rs 400.49 per passenger.

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The airport, the third in the national capital region after Delhi's Indira Gandhi International airport and Ghaziabad's Hindon airport, is touted to have six to eight runways, the most in India, when fully built, according to officials. The first phase of the airport would be spread over 1,334 hectare and cost Rs 4,588 crore as it is expected to be completed by 2023, the officials said.