The construction of the Greenfield Greater Noida international airport (in Jewar) would begin before Diwali. The government officials said that the event would be attended by Uttar Pradesh Chief Minister Shri Yogi Adityanath and Prime Minister Shri Narendra Modi.
Development of Motels, Hotels, Convention Centres, Shopping Centres and plazas is also being planned, said Yamuna Expressway Industrial Development Authority (YEIDA).
The airport venture is likely to create one lakh employment opportunities according to Technical Economic Feasibility Report (TEFR).
On April 23 this year, the venture received an in-principle nod from the centre. As Diwali will be in the first week of November, the foundation laying ceremony will probably be performed towards the October End.
The consultant for the project, PwC has been requested to prepare the documents for the bid. The request for proposal to invite builders to execute the venture will occur by June-end.
In the first phase, an investment of around Rs 80,000 crores is expected. There are plans for the development of Hotels, Plazas and market chains which will benefit the region and the farming community.
The first phase of acquisition of land which measures around 1327 hectare is expected to begin soon. The total area identified for the venture is 5,000 hectare.
The construction of this airport will help ease the pressure on IGI airport in Delhi, the seventh busiest airport in Asia. The IGI airport handles 60 million passengers annually.
Greenfield Greater Noida international airport is expected to handle over 10 crores passengers by 2050.