Wednesday, July 24, 2024

Noida Airport’s Inaugural Phase Development Set at Rs 10,056 Crore

The initial phase of the forthcoming international airport in Noida is projected to incur a cost of Rs 10,056 crore, with approximately Rs 7,100 crore already expended on its development, as per officials. S P Goyal, Additional Chief Secretary to the Uttar Pradesh Chief Minister, recently conducted a progress review and urged concerned authorities to ensure the completion of the project by September this year.

Spanning 1,300 hectares, the first phase of the airport is expected to commence flight operations by September. The review meeting involved officials from the developer, Yamuna International Airport Private Limited (YIAPL), a wholly-owned subsidiary of Zurich International Airport AG, the concessionaire for the greenfield airport.

During the review, YIAPL informed the additional chief secretary that the construction of the terminal building, ATC tower, and runway is underway by the EPC contractor Tata Projects, aligning with the airport’s development plan. The concessionaire assured that resources, including machinery and workforce, have been increased at the airport site, and the construction will be completed on schedule. The directive was issued to ensure the airport’s development adheres to the September 2024 milestone.

According to OSD Bhatia, an expenditure of Rs 10,056 crore is anticipated for the initial phase of the airport, with over 70% of financial allocations already utilized, covering aspects such as land acquisition and development. In its first phase, the airport, assigned the code DXN, will feature a single runway and a terminal building with a capacity to handle 12 million passengers annually.

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