India Development News & Foreign Investment Opportunities

Flughafen Zurich to build Jewar airport

Swiss snare big contract

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Swiss snares big contract

 

Zurich Airport

 

Flughafen Zurich AG said it has been selected to build Noida International Airport at Jewar, some 80km south of Delhi.

The first phase of development will cost approximately CHF650 million (approximately Rs 4,657 crore) during the four-year construction period, said the Swiss company on 29 Nov 2019.

The first phase of Jewar airport is designed to accommodate 12 passengers a year. Overall, it has a site of 5,000-hectare.

Flughafen Zurich will pay a fixed passenger fee to state-owned authority for the 100% concession of the airport from sixth year onwards.

After having sold its shares in Kempegowda International Airport in Bengaluru, Flughafen Zurich said it is “excited to be against present in India, a focus market for the company”.

The Swiss company outbid competitors like Delhi International Airport Limited (DIAL), Adani Enterprises and Anchorage Infrastructure Investments Holdings Limited, for the biggest airport in the country. fiinews.com

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