Jewar Airport Concession Agreement Pdf

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The Jewar airport concession agreement PDF is a document that outlines the terms of the agreement between the government of India and the selected private company to develop, operate, and maintain the Jewar airport in Uttar Pradesh. The airport is set to become the largest airport in India and will be a major contributor to the economic development of the region.

The concession agreement was signed in 2019 between the Noida International Airport Limited (NIAL), which is a subsidiary of the Yamuna Expressway Industrial Development Authority (YEIDA), and the concessionaire, Zurich Airport International AG. The agreement was signed for a period of 40 years and includes a provision for extending the period for another 20 years.

The Jewar airport concession agreement PDF is a comprehensive document that covers a range of aspects related to the airport project. It includes details on the scope of work, the obligations of the concessionaire, the revenue-sharing arrangement, and the timelines for the various phases of the project.

One of the key aspects of the concession agreement is the revenue-sharing arrangement between NIAL and the concessionaire. Under the agreement, the concessionaire will pay NIAL a share of the revenue generated from the airport operations. This revenue-sharing arrangement is expected to generate significant income for the government of Uttar Pradesh, which will be utilized for the development of the region.

The concession agreement also outlines the environmental obligations of the concessionaire. The airport project is expected to have a significant impact on the environment, and the concessionaire is required to implement a range of measures to mitigate this impact. These measures include the implementation of an Environmental Management Plan, the adoption of sustainable practices, and compliance with all environmental regulations.

Overall, the Jewar airport concession agreement PDF is a crucial document that outlines the terms of the agreement between the government of Uttar Pradesh and the concessionaire for the development of the Jewar airport. The agreement is expected to bring significant economic benefits to the region, and the revenue-sharing arrangement is expected to generate significant income for the government. With the project set to be completed in 2023, all eyes are on the Jewar airport to see what impact it will have on the region and the country as a whole.

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