According to the Centre for Asia Pacific Aviation (CAPA), considered one of the most reliable consultancy firm specialising in airline advisory, the National Capital Region(NCR) is likely to boast of a 2nd airport in its province.
As per the CAPA official website the foundation of the airport will be laid by Prime Minister Narendra Modi in late February .
The name of the airport is likely to be Jewar Noida International Airport (JNIA) i.e the New Greater Delhi Airport redevelopment project .It is expected to be a project worth USD3.1 Billion.It will be the largest airport in India by surface area.
The National Capital Region already has Delhi Indira Gandhi International Airport and Jewar Noida International Airport(JNIA) will be a second in the region.
The plans for the project was approved by the Aviation Ministry of India on 25-June-2015 and given in principle the government’s approval on jun-2017.
The facility required a 2200 acre site.The construction is likely to take 3 to 4 years ,with the plan being making it operational by 2022/23.
The Noida site was selected, in Gautam Buddh Nagar, a largely suburban area located in Uttar Pradesh which is a part of the National Capital Region and 72 km from Delhi Indira Gandhi International Airport.
The project is considered to be a P3 project and ‘GMR Group’ has the ‘first refusal’ as developer. The project will be a public-private partnership.
GMR infrastructure’s director confirmed about the Group’s interest in participation of the project and asserted that a co-ordination committee should be established with representatives of the private sector, Union government and the Uttar Pradesh state government to avoid any delay in the project and monitor it.
The development authority is the YEIDA (Yamuna Expressway Industrial Development Authority), it will select the contractors required for various aspects of the project, including the financing arrangement. The YEIDA already moved to India’s National Capital Region Planning Board to grant it a loan of INR3 billion (USD47 million).
The contract of preparing the tender documents for the construction was assigned to PricewaterhouseCoopers, which was supposed to issue them on January-2019, which didn’t happen.
The laying of foundation stone of any project clearly signals that the planning is over and now the work is to be executed.