The Uttar Pradesh authorities has signed a concession settlement with representatives of Zurich Airport International for designing, constructing and working Noida International Airport at Jewar for a interval of 40 years. The airport will probably be developed as a Public-Private Partnership (PPP) and is scheduled to open in 2024.
About the settlement:
The ‘concession settlement’ for the Greenfield airport, estimated to value Rs 29,560 crores, was inked between the Uttar Pradesh authorities’s company and the Yamuna International Airport Private Limited (YIAPL), a particular goal car floated by the Zurich Airport for the venture.
Important takeaways for all aggressive exams:
- Chief Minister of Uttar Pradesh: Yogi Aditya Nath; Governor: Anandiben Patel.
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