Flughafen Zürich gets concession for airport in India on 40 yearsChristian Fernsby ▼ | November 29, 2019
Flughafen Zürich AG was elected as Selected Bidder for the concession to design, develop and operate the new Noida International Airport at Jewar in India.
Air industry Noida International Airport
Topics: Flughafen Zürich concession airport India
The new airport will be located around 80 kilometers south of Delhi and will be fundamental to accommodate the expected flight traffic growth rates in the National Capital Region.
The capital investments associated with the first phase is expected to amount to roughly CHF 650 million during the construction period of approximately four years.
The first phase will be able to accommodate around 12 million passengers per year.
Besides the necessary capital investments in the infrastructure, Flughafen Zürich AG shall pay a fixed passenger fee to the state-owned authority starting on the sixth anniversary of commissioning of the new airport.
Flughafen Zürich AG currently holds 100% of the project. ■