SALIENT FEATURES OF THE PROJECT
This project is being built on public-private-partnership UP government will give land as equity in this project
Zurich Airport International will invest ~30,000 crore in the project
Zurich gets 40 years to fully develop this project
Under PPP model Zurich will design, build, finance, operate and transfer the project to government
It will start with 2 runways by 2022-23 under phase-i
It will have 8 runways on completion to full capacity 83% of 1239.14 hectares of land acquired under phase-i
In total UP government to acquire 5000 hectares of land
Zurich International offered highest bid of ~400.97 per passenger Adani’s bid of ~360
Delhi airport concessionaire DIAL offered ~351 per passenger. Anchorage offered ~205 per passenger
DELHI INTERNATIONAL AIRPORT LIMITED
(DIAL)
A joint venture, formed as a consortium of between GMR Group, Airports Authority India and Fraport AG & Eraman Malaysia.
ZURICH AIRPORT OPERATOR FLUGHAFEN ZURICH AG
founded on 1 April 2000, through the Was fusion of the airport real estate company FIG) and (Flughafen-immobilien-gesellschaft the Zürich airport directorate (Flughafendirektion Zürich FDZ).
ADANI ENTERPRISES LIMITED
an A holding company. The company is integrated infrastructure company with businesses spanning coal trading, coal mining, oil and gas exploration, ports, multi-modal logistics, power generation, and transmission and gas distribution.
ANCHORAGE INFRASTRUCTURE INVESTMENTS HOLDINGS LIMITED
and is It was incorporated on 24 June, 2019 located in Mumbai, Maharashtra. It is classified as a public subsidiary of a foreign company. Taj international airport and aviation hub (TIAH) in Jewar with the aim of boosting the local economy and create jobs by setting up industries near the aviation hub.
It was nine years later that then UP chief minister Mayawati took up the project and got site clearances and required approvals from the ministry of defence. In 2012, the United Progressive Alliance government at the Centre said an airport cannot come up within 150km of Indira Gandhi International Airport in Delhi.
In 2013, then chief minister Akhilesh Yadav shifted the project to Agra, 200km from IGI airport. In 2016, both the state and Central governments pledged support to the project and put it back on the fast-track.
“The new airport will not only increase housing demand but also lead to an uptick in commercial developments like office spaces and retail. With the new airport coming in, Greater Noida and Yamuna Expressway markets will attract more end-users and see steady, genuine capital appreciation rather than mere speculation,” said Santhosh Kumar, vice chairman of ANAROCK Property Consultants.