Categories: Business

Tata Projects wins bid to build UP’s Jewar Airport

Tata Projects will build the national capital region’s new airport at Jewar, after outbidding the Shapoorji Pallonji Group and Larsen & Toubro for the contract. While the deal size has not been disclosed, sources pegged it at over Rs 6,000 crore. Tata Projects, the infrastructure and construction arm of the Tata group, will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the Noida International Airport.

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About the contract:

The new airport is expected to be functional by 2024.
With the closure of the EPC contract, the first phase of the airport is on track to be delivered within three years of the commencement of the concession period.
According to the contract terms for the Jewar airport, a fine of Rs 10 lakh per day will be levied on the developer of the upcoming Noida International Airport in case of a project delay.

Important takeaways for all competitive exams:

Tata Headquarters: Mumbai;
Tata Founder: J. R. D. Tata;
Tata Founded: 1945, Mumbai.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.