Zurich Airport bids the highest for Jewar Airport
02 Dec 2019
Switzerland’s Zurich Airport International AG on Friday emerged topper in the government’s latest round of airport privatisation, bidding the highest for the proposed airport at Jewar in Uttar Pradesh, beating Adani Group and DIAL.
The Switzerland-headquartered company quoted the highest per-passenger revenue share for the airport, thereby, outbidding other bidders like Delhi International Airport Limited (DIAL), Adani Enterprises, and Anchorage Infrastructure Investments Holdings Limited, according to reports
The highest bid was quoted by Zurich International Airport, Arun Veer Singh, CEO, Noida International Airport Authority (NIAL), told ANI, adding, "On December 2, Project Monitoring Implementation Committee (PMIC) will evaluate the bid and then the state government will be recommended on the same for further process."
GMR Group-led DIAL, which operates the Delhi airport, is reported to have the right of first refusal (ROFR) for the upcoming airport project. The GMR Group's ROFR for the Jewar airport was included in the concession accord for the Delhi airport signed in 2006. The agreement allowed the GMR to match the winning bid for an airport within 150 km of the existing Delhi airport.
Earlier on 30 May 2019, the NIAL has floated a global tender to hire a developer for the proposed airport. The NIAL is an agency floated by the Uttar Pradesh government for managing the mega project in Gautam Buddh Nagar district.
Jewar Airport or the Noida International Greenfield Airport will reportedly cover an area of 5,000 hectare when fully constructed with an estimated cost of Rs29,560 crore.
The airport is set to have six to eight runways, the most in India, when fully prepared for operations. The first phase, spread over 1,334 hectare with a cost Rs4,588 crore, is expected to be completed by 2023.