Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

NHAI Invites Bids For Construction of Greenfield Connectivity to Jewar International Airport

The total estimated cost for the project is pegged at Rs 1533 Cr and the bids have been invited under the Hybrid Annuity Model (HAM)

Photo Credit :

1479585121_7oQ0wo_Road_Expressway.jpg

Representative Image

The National Highways Authority of India has invited bids for construction of greenfield connectivity to the upcoming international airport in Jewar. The proposed connectivity will be from the DND-Faridabad Ballabgarh Bypass KMP Link Spur to the in-progress Delhi-Mumbai Expressway. The total estimated cost for the project is pegged at Rs 1533 Cr.

The bids have been invited under the Hybrid Annuity Model (HAM) where 40 per cent of the estimated cost will be provided by the government to the winning bidder. The eligible firms will be able to bid for the project till 11:00 Hrs on March 3, 2022.

Prime Minister Narendra Modi in November had laid the foundation stone for the airport. The airport is being developed by the Yamuna International Airport (YIAPL), a 100% subsidiary of the project’s Swiss concessionaire Zurich International Airport AG and upon completion will be the only other international airport in the national capital region apart from Delhi’s Indira Gandhi airport.

The airport project is proposed to be built in four phases. The first phase of the project is expected to be completed by 2024 when one runway would become operational. The cost of the first phase is expected to be Rs 5,730 crore and it would cater to 12 million passengers per year. By the end of phase 4, the project would have the capacity to handle 70 million passengers per year.

Recently, the second phase of the land acquisition for the project faced some opposition from the residents as they opposed the format of public interaction by officials to gain consent, stating that it was conducted in a more organised manner during the first phase of acquisition. Locals further said they need a guarantee of higher compensation and that their demands were not being factored in.