The government anticipates that the much awaited Jewar airport will be in running order in the coming five to six years and have an inflow and outflow of 30-50 million passengers every year, across the subsequent 10-15 years.
Thawing the freeze on the Jewar international airport, the Yamuna Expressway Industrial Development Authority (YEIDA) has allocated and rolled out Rs 330 crore in favor of the Gautam Budh Nagar district magistrate’s office to get the work underway for acquisition of land for the airport.
Going through a lean phase as far as funds are concerned, YEIDA — the nodal agency for the project — has loaned an amount of Rs 330 crore from Noida authority to set aside all delays and get the actual action rolling to acquire land for the project, which is expected to nourish economic development along the sides of the 165km Yamuna Expressway running from Greater Noida to Agra.
“Housing and Urban Development Corporation (HUDCO), a central government agency, has given a documented green signal for provision of Rs 3,000 crore for the project. Shailendra Bhatia, the Officer on Special Duty, YEIDA said, “We have apprised the state government of this development as it will decide the funding pattern of the project”.