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Foundation stone of Jewar airport to be laid before Diwali

Press Trust of India  |  New Delhi 

The foundation-laying ceremony of the greenfield international airport in would be performed before Diwali this year and and Chief Minister would attend the event, state government officials said.

(YEIDA), the nodal agency for the project, is also planning to soon float the scheme for development of hotel, motel, plaza, shopping centre and convention centre, they said.

According to the Technical Economic Feasibility Report (TEFR), the airport project is expected to generate about one lakh employment opportunity.

The airport project received in-principle approval from the Centre on April 23. The foundation-laying ceremony is likely to be performed towards October-end as in the first week of November.

The request for proposal to invite developers for executing the greenfield project would be floated by June-end and PwC, the for the project, has been asked to prepare the bid documents, the officials said.

"along with Chief Minister would be attending the foundation stone-laying ceremony which would take place before the Diwali celebrations," they said.

An investment of about Rs 80,000 crore is expected in the first phase with plans for star hotels, plaza, shopping complexes, convention centres and world class market chain being planned, benefitting the region significantly and the farming community at large.

Around 5,000 hectare of land has been identified for the project and the first phase of acquisition of land measuring 1,327 hectare for construction of terminal buildings and runways is expected to be initiated soon.

The airport would ease the pressure at the in New Delhi, the seventh busiest in Asia, which handles over 60 million passengers annually.

It is expected to handle over 10 crore passengers by 2050.

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

First Published: Mon, May 14 2018. 22:10 IST