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Companies evince interest for investment in Jewar Airport

Tuesday, 16 Jul 2019
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GMR Infra, Adani Group, Reliance Infrastructure and Larsen & Toubro (L&T) are among the prospective investors for developing the greenfield Jewar airport project in Greater Noida, Uttar Pradesh.

 

The project will entail an investment of Rs 16,000 crore. Foreign firms like Zurich Airport International and Hong Kong ADP have also purchased the bid document.

Other probable suitors for the Jewar airport include Mumbai airport operator GVK Group, Bengaluru airport owner Fairfax India, sovereign wealth fund NIIF and PNC Infrastructure.

The project will be developed under the public-private partnership (PPP) model by the Uttar Pradesh government. The construction for Phase-I on 1,334 ha of land is expected to begin in January 2020 with an initial capacity of 12 million passengers per annum.

 
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