Zurich Airport International AG won the bid to develop the Jewar Airport after bidding out its Indian competitors, the officials informed.
The company headquartered in Switzerland, responsible for running the Zurich Airport, made the highest per passenger bid, beating Delhi International Airport Limited (DIAL), Adani Enterprises and Anchorage Infrastructure Investments Holdings Limited, the officials said.
An official was quoted saying, Zurich Airport International AG has made the highest bid for developing the Jewar Airport and has been selected as the concessionaire for the airport. The selection for concessionaire is solely carried out on the grounds of premium per passenger (pax) offered by the four bidders.
The officials said that the winning bid will now be tabled before the project monitoring and implementation committee (PMIC) this week for sanction from the Uttar Pradesh Government.
In May, the concerned authority floated a global tender to hire a developer to construct the proposed Jewar Airport.
After winning the bid, Zurich Airport AG said, the capital investments associated with the first phase is expected to amount to roughly CHF 650 million (approximately Rs 4,657 crore) during the construction period of approximately four years.
The company also said that in the first phase the airport will be able to accommodate around 12 million passengers per year. The company said that it will participate in the expected growth of the Indian aviation market and will implement its best practices developed in Switzerland while maintaining the local Indian values.
Last week, four companies have cleared the technical criteria for the Jewar Airport and a grant of Rs. 29,560-crore is likely to be finalized today, the sources close to the development informed.
DIAL i.e the Delhi International Airport Limited, the Zurich Airport International AG, Adani Enterprises Limited and the Anchorage Infrastructure Investments Holdings Limited had expressed interest to construct the Jewar International Airport, a senior official said.
This Greenfield Airport will be the third airport within the vicinity of the national capital region [NCR] after the famous IGI i.e. Indira Gandhi International airport and Ghaziabad’s Hindon Airport. The proposed Jewar Airport is planned to cover 5,000 hectares and a sum of Rs. 29,560 crores is estimated for the construction of the same. This Greenfield Airport is designed to have six to eight runways, the maximum across the country, the officials informed.