The Jewar international airport will be ready by 2023, confirms Dr Arun Vir Singh, CEO of Yamuna Expressway Industrial Development Authority (YEIDA). Dr Singh says that they are receiving unparalleled support, both from the State and the Centre and this project will set a record in not only being the largest airport in the country at 5000 hectare and four runways, but also in being the fastest airport development project. Dr Singh was earlier posted as Additional Commissioner of NCR Planning Board, and prior to that Additional Commissioner (Trade Tax) in Noida. also getting a social impact assessment study done by Gautam Buddha University.
This is dream project of our Chief Minister and there is unparalleled support from both State and Centre. You will be surprised to know that on 6th July 2017 we were given the site clearance and by 23rd April 2018, we had the in-principal approval along with the study done on the socio economic, environment, traffic, rehabilitation, financial IRR and the cost of equity. All this in a record time of nine months as against the Navi Mumbai airport which took five years to get clearance or Goa that took four years. known for producing the maximum milk and best fruits in the country. But these are perishable items and can only be transported by air cargo.
Our state government is very keen that the farmer’s products be promoted. load on Jewar will be around 12 million passengers, including spill over traffic from Delhi NCR region. Talking about air cargo, currently ~52% of the cargo from IGI comes from Ghaziabad (19%) and Gautam Buddh Nagar (32%). The cargo is mostly constituted of pharmaceutical products, garment, textile and IT equipment and electronics. So from day one of operations Jewar should have enough cargo from its hinterland. We are going to have Metro connectivity between Jewar Airport and Pari Chowk, Greater Noida. We are also planning to connect the airport to the already planned Rail Rapid Mass Transport System which is being planned between Sarai Kale Khan and IGI.
From Jewar to IGI, one should be able to reach within 42-44 minutes at an average speed of 110/120 and minimum number of stations. We have also floated a TOR for multi modal connectivity to explore other options such as elevated road connectivity from Jewar airport to IGI with some sort of automated part taxis. Hyper loop is an option which is the fastest known technology and being developed between Abu Dhabi and Dubai but it costs Rs 25-27,000 crores per km. India might not be ready to be able to invest so much money. Such builders are very few in the Yamuna expressway area. They are mostly there in Noida and Greater Noida.
At Yamuna expressway, around 10,000 units were to be delivered by builders and authority of which 5,000 have been delivered. There are some units under construction and will be delivered by December 2018. For units that had to delivered by private builders and there is possible fund diversion, we are doing a builder audit. We found two major builders SDS and Greenway and we are going to the Board to cancel their completion certificates. RERA interim authority is there but a proper authority is yet to be established.
They have done good job in solving 220 cases. At the Uttar Pradesh Investor’ Summit, we had signed around 28 MoUs directly with the companies and allotted land to many groups such as Bikanerwala, Param group, Ramsons, Yatharth pharmacy hub. Plus, we are coming up with a big cluster textile park over 200 acre which will create employment for over 5 lakh people. There will be 182 companies and it will create new opportunities for unskilled labour especially women. Adani group has asked for 2,500 acre of land for Chola railway track logistic park and they are in the process of initiating the process.