Noida International Airport to miss May 15th deadline
The much-awaited Noida International Airport (NIAL) is set to miss another deadline. As per the update, the project is set to miss the May 15th deadline due to unfinished terminal construction and pending regulatory clearances.
Uttar Pradesh state government is penalizing the concessionaire for the setbacks, prompting a high-level review to establish a revised timeline. From January 1st, the state government has imposed a penalty of Rs 10 lakh per day on concessionaire Yamuna International Airport Private Limited (YIAPL) for delays in completing the project.
Also Read: UP Government sanctions Rs 1.96 billion for cargo road project for Noida International Airport