Flughafen Zürich AG: Construction contract for Noida International Airport signed
Flughafen Zürich AG’s largest foreign project in the Indian metropolis of Delhi is proceeding according to plan. The selection of the construction company for Noida International Airport marks a significant milestone.
Noida International Airport is being developed as a greenfield airport and is intended to connect Greater Delhi and the western Indian state of Uttar Pradesh with other cities in India and the world. Total contractor Tata Projects Ltd. has been awarded the contract for the construction of a terminal, runway, landside and airside infrastructure for Noida International Airport. forgive.
The signing of the construction contract is an important milestone following the signing of the concession agreement, the shareholder and government support agreements and the financing of the project. This means that all the requirements for realizing the project have been met. The opening is planned for the end of 2024. The investment volume for development and construction is around CHF 750 million and is therefore within the expected cost estimate.
“We are very pleased with the choice of Tata Projects Ltd. With Noida International Airport we want to strengthen the sustainable growth of air transport and the aviation ecosystem in India. Noida International Airport will also support the economic development of the Uttar Pradesh region and create numerous jobs in the region.” Christoph Schnellmann, Chief Executive Officer, Yamuna International Airport Private Limited
After completion of the first phase of construction, Noida International Airport will have a capacity of around 12 million passengers per year when it is expected to be operational at the end of 2024. The concession, which runs until 2061, provides that the capacity can be expanded in further expansion steps.
Sustainable airport and economic engine
India Airport will combine culture and hospitality with Swiss technology and efficiency, and will also feature numerous green spaces. When designing the airport, a special focus was placed on short and efficient passenger flows as well as digital and technology-enabled customers. In addition, Noida International Airport will be the first airport in its class to achieve net-zero carbon emissions, setting a new standard for sustainable airport construction. At the heart of this strategy is 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 from the start of operations.
About YIAPL
Yamuna International Airport Private Limited (YIAPL) was established for the development, construction and operation of Noida International Airport. The company will be responsible for the implementation of the public-private partnership project together with the Government of Uttar Pradesh, the New Okhla Industrial Development Authority and the Greater Noida Industrial Development Authority. YIAPL is a subsidiary of Zurich Airport International AG (ZAIA). This is a 100% subsidiary of Flughafen Zürich AG and successfully develops and operates airports in Latin America, the Caribbean and India.