UP government signs agreement with Zurich Airport for Jewar Airport

The Uttar Pradesh government has signed a concession agreement with representatives of Zurich Airport International for designing, building and operating Noida International Airport at Jewar for a period of 40 years. The airport will be developed as a Public-Private Partnership (PPP) and is scheduled to open in 2024.

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About the agreement:

The ‘concession agreement’ for the Greenfield airport, estimated to cost Rs 29,560 crores, was inked between the Uttar Pradesh government’s agency and the Yamuna International Airport Private Limited (YIAPL), a special purpose vehicle floated by the Zurich Airport for the project.

Important takeaways for all competitive exams: 

• Chief Minister of Uttar Pradesh: Yogi Aditya Nath; Governor: Anandiben Patel.

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