Jewar AirportIn a recent development, four companies have cleared both technical and financial requirements and are now in the race to bid for the proposed Jewar airport, the officials informed. The information was shared soon after the UP Government acquired compulsory possession of 80% of the total land that is required for the project as 100 farmers gave-in their consent letter to Yogi Adityanath, UP Chief Minister. This entire process was carried out in Lucknow, the capital city of Uttar Pradesh. CM Yogi said that the farmers have given their thumbs up for development and this is their largest in the world and the Government will take care of their interest.

The bids for the proposed Jewar airport was floated on 30th May and the companies were supposed to submit bids with necessary documents latest by 30th October. There were nearly 20 companies in the race including the GMR group (developers of Indira Gandhi International Airport), Adani Group, Reliance, MIAL (Mumbai International Airport Limited), BIAL (Bangalore International Airport Limited), DIAL ((Delhi International Airport Limited), Airport Authority of India (AAI), ADP Hong Kong, Zurich Airport, L&T, Global Infrastructure and Sterlite Power Grid.

The officials said that the technical bids will be opened on 6th November and the financial bids are scheduled to open on 29th November. However, the final call about the developer for the project will be taken in January 2020.

Shailendra Bhatia, nodal officer, Noida International Airport Limited was quoted saying that four companies have qualified for the technical and financial requirements for the Jewar international airport. However, there are only two bidders for the other two Greenfield airport projects that include Navi Mumbai airport and Goa’s Mopa airport according to PricewaterhouseCoopers (PwC).

Chief Minister Yogi Adityanath also said that the farmers need not worry about the financial crunch as they are dependent on the agricultural land that has been acquired. The entire region of Noida, Greater Noida and Yamuna Expressway will witness a makeover as soon as work of the proposed airport will begin. A huge number of investments and job opportunities will knock at farmers’ doors.

BN Singh, District magistrate said that the authority aimed to complete the land acquisition process in the said deadline and the entire team of district Gautam Budh Nagar worked to the best of their ability to complete the task while transferring the compensation amount into farmers’ account individually.

Jewar airport is proposed to be built on 4,500 hectare area and the estimated construction cost is Rs. 20,000 crore. This airport is expected to be operational by 2022-23.