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Zurich Airport AG outbids Adani, GMR for development of Jewar Intl Airport

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·  The Swiss firm will invest beyond ₹4,663 crore for the first phase, which will take 4years to complete

· The Jewar airport will be NCR’s third airport after the Indira Gandhi International Airport (IGIA) and Ghaziabad’s Hindon

NEW DELHI: Switzerland’s Zurich Airport International AG on Friday turned out to be the highest bidder for taking over the reins of the proposed international airport at Jewar, Uttar Pradesh, on the outskirts of Delhi, as reported by officials.

According to an official of Noida International Airport Ltd (NIAL), the first phase of the project is expected to be operational by 2023 and will have the capacity to handle 12 million passengers per year.   

Zurich Airport offered the highest per-passenger bid thereby beating the other three top competitors—the GMR Group-led consortium comprising Delhi International Airport Ltd (DIAL), Adani Enterprises Ltd and Anchorage Infrastructure Investments Holdings Ltd.

The Jewar airport will be the National Capital Region’s third airport after the Indira Gandhi International Airport (IGIA) and Ghaziabad’s Hindon Airport. The new airport will be at the distance of 100km from the GMR Group-operated Delhi airport, the capital’s only international airport so far.

Zurich Airport has revealed that it will design, develop and operate the new airport in Jewar under a 40-year concession and will invest 650 million Swiss francs (₹4,663.731 crore) for the first phase, which will take four years to be completed.

The completion of the second phase of the Jewar airport is expected by FY31 and this will increase its capacity to 30 million passengers per year, while the third and fourth phases are due to be completed by FY36 and FY40, respectively, further expanding its capacity to 50 million and 70 million passengers, respectively.

Zurich Airport AG is currently involved in the management and operation of eight airports in Latin America.

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