The Bureau of Civil Aviation Security (BCAS) granted security clearance to the Jewar International Airport. The only remaining regulatory hurdle for the Airport is the in-principle approval of the master plan so that work on the project can begin.
The Jewar International Airport cleared a major authorization hurdle with the Bureau of Civil Aviation Security (BCAS) giving its security clearance. The development work on the Airport project will be able to commence once the sole remaining step of the master plan’s in-principle approval is received. The BCAS has directed the Yamuna International Airport Private Limited (YIAPL) to incorporate some amendments in its master plan.
After revisions are made in the master plan, BCAS will provide the final in-principle nod, which would take about 10 to 14 days. Following the BCAS’ nod, the board of Noida International Airport Limited (NIAL) will facilitate authorisation for the concessionaire to begin construction work on the project. The project is led by the NIAL, which will transfer the acquired 1,334 hectares of project land to the selected concessionaire, Zurich AG.
YIAPL has begun the process of assigning various construction agencies parts of the airport project development work by floating this requirement on its official website. The development of the first phase will cost an estimated Rs 5,730 crore and will involve the participation of several international companies.