Conditional LoA issued to Zurich Airport International AG for Jewar airport

A conditional letter of award for development of the Jewar greenfield international airport at Greater Ghaziabad has been handed over to Zurich Airport International AG. The Switzerland-based company was selected as the concessionaire for the project as it had submitted the highest per passenger fee to be paid to the government. Earlier, on December 9, 2019, the Uttar Pradesh cabinet approved the appointment of the concessionaire as the developer for the airport. The first phase of the project is expected to be completed by 2023 at an investment of around Rs 157 billion.