To accelerate work of the proposed Greenfield International Airport at Jewar, the Uttar Pradesh Government on Monday has given their nod to various proposals. The decision has been made in the cabinet meeting which was spearheaded by chief minister Yogi Adityanath.
Giving more details about the meeting, UP energy minister Shrikant Sharma said, “The cabinet had approved allocation of state’s share of Rs 1,500 crore for acquisition of land for Jewar airport.”
He further said that the civil aviation department has been exempted from payment of 2.5 percent acquisition cost to the revenue department. On the other hand, the state cabinet approved payment of compensation of Rs 2,852 crore for acquisition of 1239.14-hectare land for the project. The cabinet also decided to provide land of various departments for the project free of cost.
“The cabinet has authorised the Noida International Airport Limited (NIAL) to develop Jewar airport on public-private partnership (PPP) model. NIAL has been authorised to select the developer for airport and give the land on a lease of 90 years for the project,” Sharma added.
On November 14, the state Govt has approved 1260 crore for the project which will be used only on land acquisition and payment to the farmers concerned, an official document released from the CM office stated.
On October 20, the UP Government has disbursed the first installment of Rs 250 crores so as to stimulate the construction work for the proposed International Airport at Jewar. The funds have been released after the issuance of land acquisition notification under Section 11 of the Land Acquisition Act.
A total of 1,300-hectares of land needed to be acquired for the first phase of acquisition. The estimated budget for the complete project is Rs 15,000-20,000 crore.