Tata Projects will construct the Noida International Airport in Greater Noida. Yamuna International Airport Private Limited is a 100% subsidiary of Swiss developer Zurich Airport International AG and has been included as a Special Purpose Vehicle to develop Noida Airport.
Noida International Airport
Tata Group’s infrastructure and construction arm, Tata Projects, has bagged the contract to construct the upcoming Noida International Airport at Greater Noida’s Jewar, in Uttar Pradesh.
As part of the contract, Tata Projects will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities, and other ancillary buildings at the airport, Yamuna International Airport Private Limited (YIAPL) said in a report today.
Yamuna International Airport Private Limited is a 100 percent subsidiary of Swiss developer Zurich Airport International AG and has been incorporated as a Special Purpose Vehicle to develop Noida International Airport.
In 2019, Zurich Airport International AG won the bid to develop the airport. The Uttar Pradesh government signed the concession agreement with Yamuna International Airport Private Limited on October 7, 2020, to commence the development of the Noida International Airport.
Noida International Airport will be India’s largest airport
Noida International Airport will be India’s largest airport once constructed completely.
The greenfield facility, spread over 1,334 hectares, will have a single-runway operation in the first phase with the ability to manage 12-million passengers per annum at an investment of ₹ 5,700 crores.
“YIAPL has selected Tata Projects Ltd to undertake the Engineering, procurement, and construction (EPC) of Noida International Airport.
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The company has been selected from three shortlisted teams with demonstrated experience in the design, procurement, and construction of big infrastructure projects,” the report told.
The new airport is expected to be functional by 2024, as per the developer.
With the closure of the EPC contract, the first phase of the airport is on track to be delivered within three years of the commencement of the concession period, YIAPL said.
Tata Projects for EPC work at Noida International Airport
“We are pleased to partner with Tata Projects for EPC work at Noida International Airport. With the award of this contract, our project enters the next phase, which will witness rapid growth in the pace of construction activities on-site,” told Christoph Schnellmann, Chief Executive Officer, Yamuna International Airport Private Limited.
The company, together with Tata Projects, is working to deliver a passenger terminal, runway, and other airport infrastructure with a capacity of 12 million passengers annually, by 2024, he told.
“Tata Projects will work near with Yamuna International Airport Private Limited to deliver to the airport on time. We will deploy the latest technologies in its construction while meeting the most elevated standards of quality, safety, and sustainability,” told Vinayak Pai, CEO, and MD-designate at Tata Projects Ltd.
Tata Projects’ other major projects include the New Parliament Building, Mumbai Trans-Harbour Link, and metro rail lines across various cities, as per the report.
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