Greater Noida: Construction companies involved by Zurich AG subsidiaries began working at the Noida International Airport website on Monday.
Sources say Yamuna International Airport Private Limited, which is mainly considered to build a terminal building, targets the third quarter deadline (July-September) of 2024.
On Monday, Earth Movers and construction equipment brought to the site as a company.
Prepare their base in Kishorpur.
The site’s office will also be arranged and settings are made for power connections.
The source said the company would start with opening and grubbing work.
“Clearing and grubing are needed to remove all vegetation and roots of old trees.
Police, bush, agricultural fields, stumps, stones and large stones must be cleaned before Leveling work begins,” said an official of Noida International Airport Limited, vehicle destination Specifically the government for the project.
Ponds and wetlands must also be fulfilled before the land is compacted with electric rollers.
The work was preceded by a brief religious ceremony on Monday morning.
Candy is distributed among employees and security personnel that have been deployed on the site to prevent all types of encroachment.
Source said the contractor and engineering companies were waiting for Rakshabandhan, which marked the end of the month of Sawan and the beginning of a profitable period according to the Hindu calendar.
The launch ceremony date, meanwhile, hasn’t been fixed.
Nial officials said they were waiting for the last word from the government up.
On August 10, Yiapl has raised the debt of Rs 3,725 Crore from Bank Negara India to fund the project.
The number is one of the biggest financing for Indian Greenfield airport.
Loans must be paid more than 20 years with a moratorium one year after the project solution.
The Noida Airport project is being funded at the debt equity ratio of 65:35.
Zurich Airport International AG, a subsidiary wholly owned from Flughafen Zurich AG, is the main shareholder of Yiap and inject Rs 2,005 Crore as equity into the project.