UP Government tells authorities to provide funds for Jewar Airport Project

In order to expedite the work of the Jewar Airport, the UP Government has directed all the three authorities i.e. Noida, Greater Noida and Yamuna Expressway to provide funds for the same. The order has been given by the UP chief secretary Anup Chandra Pandey, in a recently held meeting in Lucknow.

Jewar airport to be developed as full-fledged aviation hub

Img : dailynewsonline

The meeting was also attended by CEOs of the three authorities as well as Noida international airport limited (NIAL), the agency which has been appointed to supervise the airport development work. Speaking after the meeting, YEIDA, as well as NIAL CEO Arun Vir Singh, said, “As discussed earlier too, the Noida authority and the state government will both have a stake of 37.5% each in the company while the Greater Noida authority and the YEIDA will have a stake of 12.5% each.”

“Hence, the Noida authority needs to provide Rs 1,500 crore funds. The Greater Noida authority and the YEIDA need to provide Rs 500 crore each as contribution towards the project. The state government’s share of Rs 1,500 crore is scheduled to come later.” Singh added.

He further said that the state Govt. has asked all the three authorities to provide their respective contributions by December-end as they have to pay compensation to farmers whose land is to be acquired for the airport.

A few days back only, the chief secretary has directed officials of three authorities to fast-track the airport project. The land acquisition process has already started and a notification under Section 11 has been issued.

It has been projected that the overall estimated cost of the Jewar Airport project will be 15,000-Rs 20,000 crore.