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The Uttar Pradesh government has approved an additional Rs 880 crore as compensation for the second phase of the Noida International Airport, raising the total pay out to landowners to Rs 4,780 crore. Acquisition of 70% of the required 1,181 hectares of land across six villages in Jewar, including Ranhera, Kureb, Karauli Bangar, Dayanatpur, Beerampur, and Mudharah, has been completed. A sum of Rs 2,800 crore has already been distributed to farmers for this. The remaining 184 hectares required for the second phase is owned by the government. This land will be allocated to the civil aviation department of the UP government for the development of a maintenance, repair, and overhauling (MRO) hub.
The Noida International Airport Ltd (NIAL), a collaboration between the UP government and development agencies, envisions attracting international investments to establish the MRO centre and transform the region into an aviation hub within India. NIAL officials plan to initiate a global tender for the MRO centre soon.
The first phase of the airport, featuring a single runway, an air traffic control (ATC) tower, and a terminal building, is scheduled for commissioning in October 2024. Over 7,000 workers are currently employed at the construction site, and the infrastructure needs to be prepared well in advance for trials to commence. Upon completion, the Noida International Airport (NIA) is poised to become the largest airport in the country.
The second phase will also involve the construction of a second runway at the airport, apart from the MRO. NIA's long-term plan until 2070 comprises five phases, culminating in six runways and four terminal buildings with an annual capacity to handle 225 million passengers, alongside the MRO and aviation hub.
On October 20, the UP government released Rs 329 crore as part of its 37.5% stake in NIAL. Contributions from the Noida Authority, Greater Noida Industrial Development Authority (GNIDA), and the Yamuna Expressway Industrial Development Authority (Yeida) will be made to the district magistrate's office.
Regarding the additional compensation approval, district officials revealed that the initial estimate of Rs 3,900 crore was made in March 2021 for the acquisition of 1,181 hectares of land. However, this estimate did not account for landowners' assets like tube wells and 690 days of interest (calculated at a rate of Rs 3,100 per square meter). The distribution of compensation for farmers' assets will commence shortly.
The Uttar Pradesh government's approval of additional compensation for the Noida International Airport project underlines its commitment to landowners and development. As the project progresses, the financial support and land acquisition are essential steps in ensuring the airport's completion.
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