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Jewar Airport: UP Govt Spend Whooping Amount of Rs. 4000 Crore for Land Acquisition

Recently, the officials of Uttar Pradesh Government announced that for the Noida International Greenfield airport near Jewar Rs. 4000 crore will be spend as total expenditure towards the land acquisition. Out of this amount, Rs. 1500 crore will be spend by the State Civil Aviation Department, Rs. 1500 crore will be backed by Noida Development Authority and the remaining Rs. 1000 crore will be funded by Greater Noida Authority and the Yamuna Expressway Industrial Development Authority (YEIDA) jointly.

In order to expedite the work, The UP government signed a pact with YEIDA, Greater Noida Authority and Noida Development Authority on 29th May. Nand  Gopal Gupta, Uttar Pradesh Civil Aviation Minister has already notified that “concessionaire for setting up the airport under PPP (Public-Private Partnership) model will be selected via global bidding mechanism.”

It is expected that the airport will become operational by 2022-23 with initial capacity of Rs. 60 lakh passengers. As per estimate by PWC, with year-on-year increase in the capacity of passengers, no wonder if it will touch upto 10 crore by 2050. The detailed report by PWC further highlights the fact that on Greenfield Jewar International Airport, 85 percent of flyers would be categorized as domestic and rest as international travellers. In addition to this, as per the report of Technical Economic Feasibility (TEFR), this project is expected to generate employment opportunity for one lakh people.

Besides providing socio-economic benefits, the operation of Jewar Airport will definitely act as a breather for Delhi (IGI) Airport, whose passenger handling capacity is expected to reach at its peak soon.

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