You are here: Home » News-IANS » Business-Economy
Business Standard

Jewar Airport to cost Rs 19,000 cr, to be ready in 3 years

IANS  |  New Delhi/Lucknow 

The foundation stone laying ceremony of the International Airport will be held before 2018 and the facility is likely to cost about Rs 19,000 crore, said Civil Aviation Department on Monday.

"and the Chief Minister will be present on the occasion," the department said in a statement on Monday.

According to the statement, the Technical Economic Feasibility Report (TEFR) of Airport claims that the facility will be ready in 36 months from the foundation stone laying ceremony.

The report has pegged Rs 19,000 crore as the cost which would be incurred towards land acquisition and construction works.

"When this airport will start operating in 2022-23, its initial capacity would be of 60 lakh passengers, and with year-on-year increase, its annual passenger capacity is expected to reach up to 10 crore by the year 2050," estimated the TEFR.

Besides, the authority is also planning to float soon the scheme for development of hotel, motel, plaza, shopping centre and convention centre.

The announcement comes days after the on May 8 accorded in-principle approval to the government for setting up the second international airport in the National Capital Region (NCR) in of Greater Noida.

--IANS

rv/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 00:08 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU