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 Indian Railways has announced that the Jammu-Shri Mata Vaishno Devi Katra rail section will…
India has surpassed the United States to become Bangladesh's second-largest trading partner as per the…
India's ambitious restoration mission Project Cheetah is showing the strong momentum as the India's cheetah…
The Bharat Forge has signed the MoU with the State Government of Andhra Pradesh to…
India has notified the new technical standards for petrol blended with up to 30% ethanol.…
The Indian Government has launched the Ayush Anudan Portal, which is a major digital initiative…