Construction contract signed for Noida International Airport
Flughafen Zürich AG's largest foreign project in the Indian metropolis of Delhi is progressing according to plan. The selection of the construction company for Noida International Airport marks an important milestone.
Noida International Airport will be developed as a greenfield airport and will connect the greater Delhi area and the West of the Indian State of Uttar Pradesh with other cities in India and the world. The contract for the construction of a terminal, a runway and landside and airside infrastructures for Noida International Airport was awarded to the total contractor Tata Projects Ltd.
The signing of the construction contract is another important milestone following the signing of the concession agreement, shareholder and government support agreements and the financing of the project. This means that all the prerequisites for the realization of the project are met. The opening of the airport is planned for the end of 2024. The investment volume for development and construction amounts to around CHF 750 million and is thus in line with the expected cost estimate.
We are very pleased with the choice of Tata Projects Ltd.. With Noida International Airport, we want to strengthen sustainable growth in the aviation and aviation ecosystem in India. Noida International Airport will also promote the economic development of the Uttar Pradesh region and create numerous jobs in the region.
Upon completion of the first construction phase, Noida International Airport is expected to have a capacity of around 12 million passengers per year when it goes into operation at the end of 2024. The concession, which runs until 2061, stipulates that the capacity can be expanded in further expansion steps.
Sustainable airport and economic engine
The airport will combine Indian culture and hospitality with Swiss technology and efficiency and will also be characterized by numerous green spaces. In the design of the airport, a special focus was placed on short and efficient passenger flows as well as digital and technology-supported customer services. In addition, Noida International Airport will be the first airport in its class to achieve net-zero CO2 emissions, setting a new standard for sustainable airport construction. At the heart of this strategy are the extensive supply of solar power, the reuse of used water and the widespread use of electric vehicles. The airport is expected to create several thousand jobs at the start of operations.
Yamuna International Airport Private Limited (YIAPL) was established for the development, construction and operation of Noida International Airport. The company, together with the Government of Uttar Pradesh, the New Okhla Industrial Development Authority and the Greater Noida Industrial Development Authority, will be responsible for the implementation of the public-private partnership project. YIAPL is a subsidiary of Zurich Airport International AG (ZAIA), which in turn is a 100% subsidiary of Flughafen Zürich AG and successfully develops and operates airports in Latin America, the Caribbean and India.