Tata Projects to build Noida International Airport; pips L&T, Shapoorji
[ad_1]
Yamuna International Airport Private Limited (YIAPL) selected Tata Projects Ltd to build the Noida International Airport (NIA). Tata Projects will undertake the engineering, procurement, and construction (EPC) of NIA.
Tata Projects will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at Noida International Airport. The company pipped the likes of Shapoorji, Larsen and Toubro for the contract.
“YIAPL has selected Tata Projects Ltd to undertake the Engineering, procurement, and construction (EPC) of Noida International Airport. The company has been selected from three shortlisted teams with demonstrated experience in the design, procurement, and construction of large infrastructure projects,” the statement said.
The new airport is expected to be functional by 2024, as per the developer.
With the closure of the EPC contract, the first phase of the airport is on track to be delivered within three years of the commencement of the concession period, YIAPL said.
“We are pleased to partner with Tata Projects for EPC work at Noida International Airport. With the award of this contract, our project enters the next phase, which will witness a rapid increase in the pace of construction activities on site,” said Christoph Schnellmann, Chief Executive Officer, Yamuna International Airport Private Limited.
The company, together with Tata Projects, is working to deliver a passenger terminal, runway, and other airport infrastructure with a capacity of 12 million passengers annually, by 2024, he said.
“Tata Projects will work closely with YIAPL to deliver the airport on time.
We will deploy the latest technologies in its construction, while meeting the highest standards of quality, safety, and sustainability, said Vinayak Pai, CEO and MD-designate at Tata Projects Ltd.
Tata Projects’ other major projects include the New Parliament Building, Mumbai Trans-Harbour Link, and metro rail lines across various cities, as per the statement.
In November 2021, Prime Minister Narendra Modi laid the foundation stone of Jewar. Spread over 1,334 hectares the airport will have a single runway in phase I and will be capable of handling twelve million passengers annually. The airport is expected to get operational by 2024.
The project is being developed as a public-private partnership between Zurich Airport and Uttar Pradesh government. Zurich Airport is investing Rs 5,700 crore for phase I and has tied up around Rs 3,725 crore in debt from the State Bank of India for the project.
The passenger terminal will encompass parameters such as short and efficient passenger flows, digital services, and commitment to minimal environmental impact. NIA will be a digital airport, enabling contactless travel and personalised services for families, the elderly & business travelers.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
[ad_2]
Source link