Flughafen Zürich wins India concession

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Swiss airport operator Flughafen Zürich has won the concession to design, develop and operate the new Noida International Airport at Jewar in India.

Under the 40-year concession, Flughafen Zürich will build and manage the new greenfield airport, which will be located around 80km (50 miles) south of Delhi.

The capital investment associated with the first phase is expected to amount to roughly CHF650m (US$650m) during the four year-construction period. The first phase will give the airport an annual capacity of 12 million passengers. In addition to the necessary capital investments in the infrastructure, Flughafen Zürich will pay a fixed passenger fee to the state-owned authority starting on the sixth anniversary of commissioning of the new airport.

After the sale of its remaining shares in the airport in Bengaluru (Kempegowda International Airport) in 2017, Flughafen Zürich describes itself as “excited” to once more be present in India, a focus market for the company. Indonesia and the Philippines are among its future focus markets.

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Tara has worked for UKi Media & Events since 2013, initially as a freelancer. She has been a journalist for over a decade and has worked for a range of publications, including Personnel Today, Management Today and The Grocer.

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