Design of the Noida Airport will be inspired by the heritage of Uttar Pradesh
The official said, the airport is being developed by the UP Government in public-private partnership (PPP) mode with YIAPL. The work for the first phase of the greenfield project is underway and would cost over Rs 5,700 crore to complete.
They noted that the impact of inflation in the project cost was already factored in by Yamuna International Airport Private Limited (YIAPL), a 100 per cent subsidiary of Zurich International Airport AG, the Swiss concessionaire.
Schnellmann said, "We are all aware of the impact the pandemic has had on all of us in the past two years. One thing I would like to highlight is the fact the teams have embraced digital technologies in coming to terms with the impact of the pandemic. I am proud of them.”
Schnellmann further states that the design of the terminals of Noida Airport will be inspired by the heritage of Uttar Pradesh and will comprise multiple elements from temples and havelis to give it a local touch.
Schnellmann then said, “Once the airport reaches 80 percent of the 1.2 crore passenger mark, the NIA will start phase two of the project with a similar terminal building which will be capable of handling 18 million passengers. “The estimate is that the first phase of the airport will cost Rs 5,730 crore and near about Rs 29,560 crore or Rs 30,000 crore is an estimate for the entire project in the complete four phases development. We have secured funding as well for phase one. We have factored inflation into those estimates."
He further added, "As of today, we have received about 98.5 per cent of the project land, and as you have mentioned about 16 hectares mainly around the periphery of the site that remain to be acquired," he said. Although these parts of the land are on the sides, there is nothing that would derail the phase one development of the main airport.
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