UP government signs concession agreement with Zurich International Airport for development of Jewar Airport at Noida

The Uttar Pradesh government led by Chief Minister Yogi Adityanath has signed a concessionaire agreement with Zurich Airport International, Switzerland for the development of Jewar Airport in Gautam Budh Nagar, Noida.
The agreement was signed between the Noida International Airport Limited (NIAL) and the Yamuna International Airport Limited, a Special Purpose Vehicle launched by Zurich Airport for project implementation.
The agreement grants the license to Zurich Airport to design, build and operate Noida International Airport for a period of 40 years.
The Jewar Airport (also known as Noida International Greenfield Airport) will be spread over 5,000 hectares, and is estimated to cost Rs 29,560 crore
Noida International Airport (Jewar Airport) will be developed on the public-private partnership (PPP) model.