Foundation stone laid for cargo hub at Jewar Airport

Air India SATS Airport Services Private Limited (AISATS) Noida Cargo Terminal Private Limited and its special purpose vehicle (SPV) laid the foundation stone for the multi-modal cargo hub at the airport on September 29, 2023. It would be built on an area of 37 acres. The cargo hub is likely to be inaugurated in 2024 along with the airport. The Noida (Jewar) International Greenfield Airport Project involves development of a greenfield airport in Greater Noida, Uttar Pradesh with an investment of Rs 295.6 billion. It is likely to be completed by 2050. It will be developed in four phases: Phase I (12 mppa, Rs 57 billion), Phase II (18 mppa, Rs 59.83 billion), Phase III (20 mppa, Rs 84.15 billion), Phase IV (20 mppa, Rs 105.75 billion).