Officials: Jewar airport to be delayed by 7 months

As per the concession agreement, a grace period of 91 days is allowed, and after that, NIAL has the mandate to impose a penalty of ₹10 lakh per day for the period of delay, said officials

New Update
Officials: Jewar airport to be delayed by 7 months

The Noida International Airport Limited (NIAL), the government agency overseeing the construction of the greenfield international airport in Jewar, has informed the Uttar Pradesh government that about 78.11% work on Noida airport has been completed, but owing to the slow pace of work on the terminal building, the project’s completion deadline of September 29, 2024, has been deferred by seven months, said officials in the know of the matter on Monday.

Now, Yamuna International Airport Pvt Ltd (YIAPL), the concessionaire, has rescheduled the completion date from September 29, 2024, to April 2025, said these officials.

One of the key reasons for the slow pace of work is the delay in procuring imported steel that is needed to build the terminal building and other associated infrastructure, said officials.

However, NIAL has decided to impose a penalty for the delay in completion of the project.

As per the concession agreement, a grace period of 91 days is allowed, and after that, NIAL has the mandate to impose a penalty of 10 lakh per day for the period of delay, said officials.

NIAL officials said YIAPL extended the completion deadline without consulting NIAL, prompting the issuance of a notice to the company on Monday.

Latest Stories