Zurich Airport wins bid for Jewar Airport. Govt extends mandatory implementation of FASTag to December 15.
Fly High: Switzerland’s Zurich Airport International AG has emerged as the highest bidder for the proposed international airport at Jewar, Uttar Pradesh and
is expected to invest INR4,663.731cr for the first phase, which will take four years to be completed.
Zurich Airport agreed to pay Noida International Airport Limited (NIAL) INR400.97 per passenger using the new greenfield airport - highest by any of the four bidders in the fray. GMR Group-led DIAL, which had the right of first refusal, had offered INR351. Adani Group and Anchorage’s bids stood at INR360 and INR205 per passenger, respectively. Jewar marks Zurich Airports re-entry into India’s airport infrastructure segment after it exited the Bengaluru airport project in 2017.
Good to Know: The Jewar airport will be NCR's third, after the Indira Gandhi International Airport (IGIA) and Ghaziabad’s Hindon. Hindu BusinessLine
Fast and Furious?: The Central governement has extended the roll-out of mandatory implementation of FASTag to 15 December from 1 December. The govt said that it will now charge double user fee from vehicles entering FASTag lane without FASTag from December 15.
Over 70 lakh FASTags had been issued till Wednesday, with the highest per-day issuance of 1,35,583 tags on November 26, 2019, whereas 1.03 lakh tags were issued on the day before. ToI
FASTag is a prepaid tag, affixed on vehicle's windscreen that enables automatic deduction of toll charges, and lets the vehicle pass through the toll plaza without stopping for payments. Click here to know all you need to about FASTags.
(Don't want to miss out on these End Of Day Wrap Ups? Subscribe Now to our WhatsApp Feed and get the day's Top Business stories straight on your favourite messaging app.)