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    India’s next mega airport

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    India’s next mega airport

    The race to finalize the developer of India’s next mega airport, “Jewar Airport” in Greater Noida, which when completed will be India’s largest with as many as six runways, is almost over. Estimated to cost around Rs 16,000 crore, the development work of the project will commence in early 2020 and the first phase expected to be completed by 2023. The 1,334-hectare proposed site of the greenfield airport is located north of Jewar Village, in Gautam Buddh Nagardistrict of Uttar Pradesh.

    The last date to file a tender for the project is 30 October, the Uttar Pradesh government is set to open the technical bids on 6 November, and financial bids will be opened on 29 November. The developer for the airport will be finalized and awarded the contract in January 2020. Earlier in May this year, Noida International Airport Limited (NIAL) invited international competitive bids from the eligible contractors for the ‘Development of Jewar International Airport or Greenfield Noida International Airport.

    As many as 20 national and international companies have expressed keen interest to bid as the developer for the Jewar international airport project so far. Given that the infrastructure major GMR is vested with the right of first refusal (RoFR) for any airport that is built within an aerial radius of 150-km of the existing airport in Delhi, it is expected to place a bid for the project.

    In case GMR-led joint venture firm fails to get the second airport in a competitive bidding process, it will be permitted to match the first ranked bid provided it is within the range of 10 per cent. The State-owned Airports Authority of India (AAI) is also keen to join the race for Greater Noida airport and participate in the bidding process. If this were to happen, it would be a case of partners turning competitors as Delhi run airport is a joint venture between AAI and GMR Group. AAI holds 26 per cent stake in the Delhi International Airport Pvt Ltd (DIAL). Reliance and Adani group are also said to have shown keen interest in bidding for the project.

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