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.
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:
The International Day of Epidemic Preparedness, observed annually on December 27, serves as a global…
Ladakhi Losar, marking the New Year in the Tibetan calendar, is a vibrant festival celebrated…
Tonga’s parliament has elected veteran politician Aisake Valu Eke as its new Prime Minister after…
Gujarat, a vibrant state in western India, is known for its rich culture, historical landmarks…
Veer Bal Diwas, observed annually on December 26 in Bharat, commemorates the unparalleled sacrifice of…
Prime Minister Narendra Modi has laid the foundation stone for the Ken-Betwa river-linking project, aimed…