Tata Project has to aim to construct infrastructure as Tata Group with the upcoming Contracts of Noida International Airport at Jewar in Uttar Pradesh (UP).
During this contract, Tata Project will also construct the terminal with a runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the airport. Yamuna International Airport Private Limited (YIAPL) said in the statement.
- Uber Gets Slapped with £250 Million Lawsuit from London’s Black Cab Drivers
- Dabur India Shares Rally 5% on Strong Q4 Earnings
- Adani Enterprises Shares Fall 1% on Weak Q4 Earnings
- Avaada Energy Receives Rs 1,190 Crore Loan for Solar Project
- GE T&D India Shares Hit 52-Week High on Securing New Orders
YIAPL is a wholly-owned subsidiary of Swiss developer Zurich Airport International AG and has been incorporated as a Special Purpose Vehicle to develop Noida International Airport. In 2019, Zurich Airport International AG won the bid to develop the airport. The Uttar Pradesh government signed the concession agreement with YIAPL on October 7, 2020, to commence the development of the NIA.
The greenfield facility, spread over 1,334 hectares, will have a single-runway operation in the first phase with a capacity to handle 12-million passengers per annum at an investment of Rs 5,700 crore.
“YIAPL has selected Tata Projects Ltd to undertake the Engineering, procurement, and construction (EPC)of Noida International Airport. The statement said that the company had been selected from three shortlisted teams with demonstrated experience in the design, procurement, and construction of large infrastructure projects,” the statement said.
By 2024, the new airport has expected to be functional as per the developer.