The Uttar Pradesh government has assured that the process of getting land will be completed in two months time and that the bids for PPP (Public Private Partnership) will be invited in October.
“We expect that the award will be given in December, followed by a foundation stone laying ceremony in December,” Civil Aviation Secretary R N Choubey told reporters here.
The state government would spend Rs 4,000 crore on land acquisition. While the state’s Civil Aviation Department would spend Rs 1,500 crore, the Noida Development Authority would provide a matching amount, officials had said earlier this month.
The Greater Noida Authority and the Yamuna Expressway Industrial Development Authority (YEIDA) would be extending another Rs 500 crore each.
About 1,441 hectares have been identified for the first phase of the airport project. The airport is expected to start operations in 2022-23, with an initial capacity for 60 lakh passengers.
According to the Technical Economic Feasibility Report (TEFR), the airport project is expected to generate about one lakh employment opportunities.