Despite input costs going up, Noida Airport, on the outskirts of Delhi, does not expect to see cost overruns, CEO Christoph Schnellmann told Moneycontrol

“We have been doing business in India for 20 years along with Brazil. These are two key focus markets that we continue to observe with great interest,” says Christoph Schnellmann, Chief Executive Officer, Yamuna International Airport Private Limited

While accepting that costs have gone up, Christoph Schnellmann, Chief Executive Officer, Yamuna International Airport Private, (YIAPL), the entity set up to manage and run Noida Airport, says, “We’re not expecting a cost overrun now.” YIAPL is a 100 percent subsidiary of Zurich Airport International, in close partnership with the Government of Uttar Pradesh and the Government of India.

While the upcoming airport has not yet found an anchor airline, with Tata Projects being awarded the EPC contract and the project underway, Schnellmann says “those conversations (with airlines) will certainly intensify again, and one of the things we will be looking at till the end of 2024, of course, is to secure partnerships with airlines as well to operate out of Noida.

Edited excerpts:

Input costs have on an average increased by about 45 per cent. Steel, which used to be Rs 45 a kilo is now about Rs 85 a kilo; cement is now Rs 365 a bag when it was about Rs 270 a bag earlier. So, are there fears of a cost overrun on this project?

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