YIAPL has been incorporated as a special purpose vehicle for the construction of the airport. Credit: ysn Benz / Pixabay.

Noida International Airport Limited (NIAL), a joint venture (JV) company of the state government of Uttar Pradesh in India, has signed a licence memorandum to officially hand over the land for the development of Jewar Airport to Yamuna International Airport Private Limited (YIAPL).

With the handover of the 1,334ha of land, YIAPL, a 100% subsidiary of Zurich Airport International, is now all set to begin construction works at the site.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

YIAPL has been incorporated as a special purpose vehicle (SPV) for the development of the $4.03bn (Rs300bn) greenfield Noida International Airport.

The project will be built on the outskirts of the Indian capital city New Delhi and the ground-breaking ceremony is likely to take place in the third week of this month.

Additionally, YIAPL is reportedly in the final stages of achieving financial closure of a nearly $500m (Rs.37.25bn) loan from the State Bank of India for executing the first phase of the airport project.

YIAPL CEO Christoph Schnellmann said: “We are pleased to confirm that over 1,300ha of land of the total 1,334ha have been handed over to us today for the development of Noida International Airport.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

“So, we have received right of way for about 90% today and have signed a site inventory memorandum, which gives us the right of way to the available part of the site to commence construction activities.

“Our timeline to deliver the airport is three years after the complete land is made available. So, we are planning to complete work on phase-I of the airport development by end of 2024 with an investment of $766m (Rs57bn).”

Last month, Swiss developer Zurich Airport International entered a shareholder agreement with NIAL for the development of the Noida International Airport in Jewar, India.

As agreed, NIAL will hold the right to nominate two directors to the board, along with one golden share in YIAPL.

Airport Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Airport Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
OPS1 by TADERA has won the 2025 Product Launch Award in the Safety and Efficiency category for transforming how airports manage operations and safety. Learn how this integrated, GIS driven platform simplifies inspections, maintenance, and SMS compliance while turning operational data into real time, actionable intelligence.

Discover the Impact