Jewar airport: DIAL lost to Zurich by 10 per passenger

Updated on Nov 30, 2019 08:28 PM IST
HT Image
HT Image

GREATER NOIDA: The Delhi International Airport Limited (DIAL), which operates the Indira Gandhi International Airport (IGIA), lost the bid to build the Jewar airport by a mere 10 per passenger to Zurich Airport International AG.

“DIAL had an edge under the right of first refusal, because Jewar was within a 150km radius of Delhi’s Indira Gandhi airport. DIAL bid 351 per passenger, which was below even Adani’s bid of 360 per passenger,” said Arun Vir Singh chief executive officer, Noida International Airport Limited (NIAL).

As per a proximity agreement, DIAL was eligible for a special privilege. If its bid was within 10% of the highest bid received, DIAL would have got the right to match the offer. In this case, Zurich’s bid was 400.97, and DIAL would have been eligible for the right of first refusal if it had bid 361, which is 10% less than Zurich International’s.

However, at 351, it fell 10 short of that mark

“If DIAL had bid 361, it would have got the right to match Zurich’s offer for the Jewar airport because of the privilege the company had, unlike Adani,” Singh said.

“So, 10% of Zurich’s bid of 400.97 would be an amount higher than 40. If DIAL’s bid had been 361, they would have been asked to match the offer,” the official added.

NIAL officials, however, are upbeat that an international firm had won the bid.

“This is the first time a completely foreign firm has won a bid for an airport in India. It is also the highest per passenger rate that has been offered for an airport in India. This project will benefit all of Uttar Pradesh,” Singh said.

Before this, the highest rate paid was by the Adani Group, who had taken over the operational Ahmedabad airport at a rate of 177 per passenger.

Zurich Airport International AG, the concessionaire for Jewar airport, said the project will help Prime Minister Narendra Modi’s vision of moving towards a 5 trillion economy.

“In view of the population growth, this project will help spur growth in Uttar Pradesh. The region has a lot of industrial projects and good infrastructure, which will also benefit the project,” Daniel Bircher, CEO, Zurich International AG, said.

The UP government will now complete paperwork and sign an agreement with Zurich International AG after December 2, when the project monitoring and implementation committee sends its recommendations as per process, officials said.

SHARE THIS ARTICLE ON
  • ABOUT THE AUTHOR

    Vinod Rajput writes on environment, infrastructure, real estate and government policies in Noida and Greater Noida. He has reported on environment and infrastructure in Delhi, Gurgaon and Panchkula in the past.

Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • Concerns have increased recently over theft of two-wheelers and multiple accused have been taken into custody over this matter. (Image source: @SPBelagavi/Twitter)

    Bengaluru crime watch: Three more bike thieves held

    Police in Karnataka have succeeded in catching three more bike thieves who were involved in two separate cases. Bike theft: Chickpete traffic police, Bengaluru. August 10 A two-wheeler thief was caught by traffic police after he was stopped for not wearing a helmet. Bike theft: Belagavi. August 10 Meanwhile, in Belagavi, Kudachi police have arrested two persons for stealing bikes in various police stations limits. As many as 26 bikes have been recovered and seized.

  • The maiden Olympic games of the region were held in Manipur in October 2018. (HT photo)

    Meghalaya to host upcoming North East Olympics Games from October 30

    Meghalaya will be hosting the upcoming North East Olympics Games beginning October 30 till November 6, 2022 in Shillong. Soon after chairing a high-level meeting between the North East Organising Committee, Directorate of Sports & Youth Affairs and the North East Olympic Association, sports & youth affairs minister Banteidor Lyngdoh stated that the sports selected were decided based on the availability of infrastructure and on the advice of the Meghalaya State Olympic Association.

  • The ‘Har Ghar Tiranga’ campaign saw support coming in from Bengaluru and elsewhere in Karnataka. (DEEPAK GUPTA/HT PHOTO/For Representation)

    ‘Har Ghar Tiranga’ campaign gains momentum in Karnataka

    The Bharatiya Janata Party's Karnataka unit on Tuesday took out a rally in Bengaluru in support of the central leadership's 'Har Ghar Tiranga' campaign in the run up to of India's 75th Independence Day. BJP National General Secretary C T Ravi along with several party workers participated in the 'Tiranga Yatra' by walking the streets with the tricolour. Not all were happy with the quality of flags.

  • The plea has challenged a March 1998 government resolution. (File image)

    Petition in Gujarat HC for SC status to Mahar community

    A petition has been filed in the Gujarat High Court by Ahmedabad based Lord Buddha Foundation seeking inclusion of the Mahar community in SC (Scheduled Caste) category. Architect of the Indian Constitution, Dr Bhim Rao Ambedkar belonged to this community and they are recognised in most states of country barring Gujarat. The word Mahar is derived from the words 'Maha' which means great and 'Rashtra' means country or “people from the great country”.

  • The mercury was expected to drop to around 35°C. (HT PHOTO)

    Overcast weather, drizzle likely in Delhi today

    Delhi's air quality was in the satisfactory category on Thursday morning as overcast weather and drizzle were likely on Thursday while the mercury was expected to drop to around 35C. On Wednesday, the average 24-hour AQI was 102 in the moderate category. An AQI between zero and 50 is considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', and 401 and 500 'severe'.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, August 11, 2022
Start 15 Days Free Trial Subscribe Now