NIAL to float plot scheme for industrial units at MRO hub in second phase of Jewar airport - Hindustan Times
close_game
close_game

NIAL to float plot scheme for industrial units at MRO hub in second phase of Jewar airport

By, Greater Noida
Mar 17, 2023 11:53 PM IST

Initially, NIAL will come up with the plot scheme on 500 acres -- 200 acres for MRO, 100 acres for a training institute for civil aviation professionals, and 200 acres for industrial units related to aircraft maintenance

The Noida International Airport Limited (NIAL) on Friday decided to come up with a plot scheme for industrial units at the proposed maintenance, repair and operations (MRO) hub to be developed in the second phase of the civil aviation hub in Jewar, officials aware of the development said.

YIAPL chief executive officer Christoph Schnellmann during a briefing on the construction status of the airport in Greater Noida on March 14. (Sunil Ghosh /HT PHOTO)
YIAPL chief executive officer Christoph Schnellmann during a briefing on the construction status of the airport in Greater Noida on March 14. (Sunil Ghosh /HT PHOTO)

Initially, NIAL will come up with the plot scheme on 500 acres -- 200 acres for MRO, 100 acres for a training institute for civil aviation professionals, and 200 acres for the industrial units related to aircraft maintenance, etc.

Hindustan Times - your fastest source for breaking news! Read now.

The move comes after the NIAL chief executive officer Arun Vir Singh met SP Goyal, additional chief secretary of the civil aviation department of the Uttar Pradesh government on Friday.

“In Phase 1, we are developing the Noida international greenfield airport on 1,334 hectares and this airport is likely to become operational by September 29, 2024. In the meeting on Friday, we decided to develop an MRO hub, a training institute and an industrial area over 500 acres. We will soon come out with the details of the plot scheme at MRO hub and industrial area,” said Singh.

However, before coming floating the plot scheme, NIAL will enlist an international consultant, PricewaterhouseCoopers (PwC), to carry out a study on the second phase of the project and then come up with suggestions as to how the second phase should be developed, said officials.

The international consultant will also study the trend in the international market and what kinds of revenue model the NIAL should follow in order to develop the MRO hub, training institute and industrial area, said officials.

“Once the PwC will submit their report to us we will brain storm over it. After due diligence and approvals from the Uttar Pradesh government, we will launch the plot scheme. But the revenue model will be finalized only after the study that is likely to be completed in a month or so,” added Singh.

SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Vinod Rajput writes on environment, infrastructure, real estate and government policies in Noida and Greater Noida. He has reported on environment and infrastructure in Delhi, Gurgaon and Panchkula in the past.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On