Zurich International Airport wins bid for USD 4bn greenfield India project

29 November 2019 - 12:00 am UTC

Zurich International Airport AG has won the contract to build the INR 296bn (USD 4bn) greenfield Jewar airport near the Indian capital of New Delhi, according to a senior government official.

Zurich quoted a fee of INR 400.97 per passenger, outpacing second-placed Adani Group’s INR 360 offer. GMR Infrastructure-owned Delhi International Airport – which had right of first refusal in case its proposal came within 10% of the highest bid – lost out with a figure of INR 351.

“They have lost the right of first refusal,” Shailendra Bhatia, nodal officer at project implementing authority Noida International Airport, told Inframation. He added that Zurich’s financial bid will be sent on Monday to the Project Monitoring and Implementation Committee, an agency that fast-tracks projects and commissions large PPPs.

Jewar airport – 80km from New Delhi – will be able to handle 12 million passengers a year once the first phase of construction is completed by 2027, Bhatia said. By the end of the fourth phase in 2050, the capacity will rise to 70 million. The project carries a 40-year concession.

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