Jewar airport: UP Cabinet approves extension of date for key pact signing

The Uttar Pradesh Cabinet Tuesday extended the date for signing the concession agreement for the upcoming international airport in Jewar. It also approved extension of date for bid validity and bid security for the greenfield airport till March 31, 2021, according to an official statement.

The decision was taken during a meeting of the cabinet chaired by Chief Minister Yogi Adityanath in Lucknow, it stated.

Restriction of flight services due to COVID-19 outbreak and subsequent lockdown had prompted the extension of the date for signing of the concessionaire agreement between the selected developer Zurich Airport International AG and the state government for the Rs 29,560-crore project, according to officials.

“The cabinet of ministers has approved extending the signing date of the concession agreement for the Noida International Greenfield Airport in Jewar by 45 days from the commencement of international flights between Malaysia and India and Switzerland and India which included the duration of the mandatory quarantine in India or till October 15, whichever is earlier,” according to the statement.

“It also approved the proposal to extend the time extension and the period of bid validity and bid security from October 24, 2020 to March 31, 2021,” it stated.

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