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The Noida Authority has decided to release Rs 1,359 crore and the Greater Noida Authority Rs 453 crore for establishment of the Noida International Airport, according to official statements. The Noida Authority and the Greater Noida Authority are 37.5 per cent and 12.5 per cent shareholders, respectively, in the Greenfield airport being built as a public-private partnership project. Besides them, the Uttar Pradesh government holds a 37.5 per cent stake in the project while the Yamuna Expressway Authority has another 12.5 per cent share in it. The decision for the release of funds were taken during the board meetings of the Noida Authority and the Greater Noida on Wednesday. Uttar Pradesh Infrastructure and Industrial Development Commissioner Arvind Kumar had chaired the meetings in presence of Ritu Maheshwari, the CEO of both the authorities. "For the establishment of the Noida International Airport, it was decided by the Noida Authority to give the balance due amount of Rs ...
The survey for acquisition of land for the second phase of the upcoming Noida International Airport (NIA) is expected to begin in two weeks from now, according to officials. Currently, construction work is underway for the first phase of the Greenfield airport in Jewar in Gautam Buddh Nagar as the Uttar Pradesh government recently gave its go ahead for land acquisition for the second phase, they said. The second phase of the NIA is planned in an area of 1,365 hectare, of which around 1,185 hectare is owned by private persons, including farmers, of six villages -- Ranhera, Kureb, Dayanatpur, Karauli Bangar, Mundrah, and Birampur , an official said. The land is being acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Consent of landowners has been taken already after which the proposal for land acquisition was sent to the government. The proposal has been accepted. Now the survey is expected to begin in the n