The Yamuna Expressway Industrial Development Authority (YEIDA) on Monday said that Price Waterhouse Cooper (PwC), the consultant appointed for the Jewar Airport Project have submitted the bid document to the authority.
Confirming the news, officials from the authority said that YEIDA will now study the agreement and its legalities which will take a week’s time. They will then send the document to the state civil aviation department for its approval from the project monitoring and implementation committee. Officials said that the whole process will take about a month’s time.
Elaborating the information, Arun Vir Singh, YEIDA CEO said, “The Jewar concessionaire agreement has been submitted by PwC. Now, YEIDA will examine it and do a few changes, if required. After the committee’s approval, the document will go to the cabinet for government approval. All this will take about a month’s time. However, Land acquisition process will continue,”
He further added that the PWC document contains regulatory mechanism according to prevailing laws and is the main concessionaire agreement, which, when cleared, will ensure the successful bidder signs the Jewar airport project deal with the state government. The final document (from the civil aviation department) will be floated for global bidding for Jewar airport.
Stimulating the construction work for the proposed International Airport at Jewar, the UP Government has recently disbursed the first installment of Rs 250 crores. Civil aviation secretary Surya Pal Gangwar on October 20 has passed the orders regarding the same.
The order also said that the disbursed amount will not be used for any other purpose and it will be deposited only under land acquisition head by Gautam Budh Nagar DM and director (civil aviation). The administration has to submit their financial report to state Govt from time to time.