The rising passenger demand and interest in the Indian market has opened up new opportunities for growth and development in the aviation market.
As a result, Delhi is preparing for its second airport, which will be commenced later in February 2019. The construction work is about to begin with a Foundation Stone planned to be laid during the month.
Expectations are that the airport, which will operate under the name Jewar Noida International Airport or the New Greater Delhi Airport, is expected to be complete and able to launch by 2022.
The airport will outperform any other Indian airport by size in terms of surface area and is forecasted to consume up to $3.1billion. The airport’s plans have received regulatory approval by the Aviation Ministry of India four years ago.
The new airport will complement DIGA, the other Delhi airport which has faced difficulties in its attempts to satisfy the rising demand from passengers and airlines.