Noida: Yamuna authority to get Rs1,000 cr for Jewar airport
The decision was taken in the meeting among Anup Chandra Pandey, the industrial development commissioner, Dr Prabhat Kumar, chairman of YEIDA and other senior officials in Lucknownoida Updated: Oct 25, 2017 22:16 IST
Senior officials of the state government on Wednesday agreed to release a fund of Rs1,000 crore to the Yamuna Expressway Industrial Development Authority (YEIDA) to acquire land for the Noida international airport at Jewar. The airport is expected to be developed along the 165-kilometre Yamuna Expressway.
The decision was taken in the meeting among Anup Chandra Pandey, the industrial development commissioner, Dr Prabhat Kumar, chairman of YEIDA and other senior officials in Lucknow. The recommendations made in Wednesday’s meeting will be put up before the state cabinet for its final approval before the fund is released.
“The government has assured us a fund of Rs1,000 crore, which is likely to be released in a month. Therefore, we have decided to issue a notification with regard to the land for the airport in December and start acquiring the land in January. The state government has put the project on fast-track,” said Kumar.
The issue of a notification implies that the sale and purchase of land earmarked for the airport will be stopped.
The Union civil aviation ministry on June 24 had given its approval to build an international airport at Jewar.
Officials of YEIDA were awaiting funds from the state government to acquire 1,000 hectares of agricultural land, in the initial phase of the project. On the whole, 5,000 hectares are required for the project.
“To begin procuring land, we will initially use the Rs1,000 crore provided by the state government. Later, we will seek a loan to acquire the land. We need a total of Rs3,000 crore to acquire land in the first phase,” said Kumar.
The UP government has decided to directly purchase the agricultural land from farmers on agreement basis instead of acquiring the same. Officials said they decided against it as acquiring land by implementing the provisions of the Land Acquisition, Rehabilitation and Resettlement Act, 2013, will be a challenge for YEIDA.
“We will have meetings with the farmers and then start buying the agricultural land through mutual consensus. We will pay the farmers the rate that is prevailing in their areas at present,” said Kumar.
According to officials, the UP government has expedited the formalities so that work can be started at the earliest.
“We will offer twice the prevailing circle rate in respective villages. It means we will offer R3,500 per square metre to farmers. Apart from this, we will discuss their issues amicably before starting the process of land acquisition,” Kumar said.
YEIDA has also got a loan of Rs1,000 crore sanctioned by four banks — HDFC, Indian Bank, Oriental Bank of Commerce and Canara Bank — to pay hiked land compensation to farmers.
“If the need arises, we will also use this loan for the airport project. However, we are yet to decide on the order of villages where land will be bought first. We are working out the details and formalities to start acquisition,” said Kumar.