The Uttar Pradesh government has established a joint venture company to develop the proposed international airport at Jewar. With this, the State government has also granted its final approval to the project.
The government has formed a company, Noida International Airport Limited between the State government, Noida Authority, Greater Noida Industrial Development Authority (GNIDA) and Yamuna Expressway Industrial Development Authority. The Uttar Pradesh government and Noida Authority will have 37.5 percent share in the company, while the GNIDA and YEIDA will have 12.5 percent each.
The cabinet has also given its final nod for the development of the Jewar airport after receiving and concurring the techno-economic feasibility report (TEFR) prepared by PricewaterhouseCoopers (PwC).
Officials have shared that the tenders would be floated soon, probably by the first week of July. YEIDA has already initiated processes for securing environmental clearance and acquiring land for the project.
To expedite land acquisition process, the government had established a committee to decide on rehabilitation of villagers involved in the land acquisition. Around Rs 4,000 crore would be utilised to acquire 5,000 hectares of land identified in eight villages, including Mukeempur Shivara, Ranhra, Parohi, Kishorpur and Dayanatpur.