India to invest USD 1.6b in the development of a 2nd airport in New Delhi
India’s national government has approved a plan to construct a second international airport in New Delhi that will cost an estimated USD 1.6 billion to develop the first phase, which will have a single runway when it begins operations within five years, according to India's Ministry of Civil Aviation.
Noida International Airport will be built on a 3,000-hectare green field site at Jewar in Greater Noida, Uttar Pradesh.
The new airport will be located 45 miles from New Delhi's current airport, Indira Gandhi International, and close to the Yamuna Expressway, the main highway between New Delhi and Agra.
Further development phases will add three more runways and expand capacity to cater for an expected 30-50 million passengers annually over the next 10-15 years, with a total project cost of up to USD 3.1 billion.
Most of India's 40 largest airports will surpass their design capacity within the next decade based on projected growth rates. India's government aims to re-open 50 disused airports by 2020, having already granted approval for 18 green field airports.
Tag Keyword: International Airport , Ministry of Civil Aviation , Air Cargo , Runway , Passengers