Last Updated: June 24, 2021, 0735hrs
A revised master plan for the development of the Noida International Airport has been sent to the ministry for permission to go ahead with the development work on the mega project.
Noida International Airport Limited (NIAL) CEO Arun Vir Singh addressed NIAL’s 10th board meeting chaired by chief secretary RK Tewari on Wednesday. According to Singh, Yamuna International Airport Private Limited, the special purpose vehicle (SPV) for the development of Zurich Airport, had earlier sent the development plan to the ministry which had asked for certain modifications. And now a revised master plan has been sent to them with recommended changes for approval to go ahead with the project.
Singh also submitted to the board that a loan of Rs 3,725 crore from State Bank of India (SBI) has been approved by Yamuna International Airport Private Limited.
The Noida International Airport is set to be the biggest in India upon completion with 6 runways, is planned across 5,000 hectares with its first phase being spread over 1,300 hectares with 2 runways and a capacity of 5(million passenger per annum) MPPA expandable to 60 MPPA.
The project is being managed and operated by NIAL, a special agency floated by the Uttar Pradesh government, while Swiss firm Zurich Airport International AG has been selected as the developer for the mega project.