He said the next step would be disbursing compensation to the affected families for assets like wells, submersibles and trees etc. on their acquired land and the process would begin next month.
"Rs 700 crore is to be disbursed among around 8,900 people. This process will begin in February and is expected to be completed in about a month and a half. The affected families have a choice of opting for a job or take Rs 5.50 lakh and depending on their choice, the money will be disbursed. All such transactions will be made via the electronic RTGS system straight into their accounts," Singh said.
Eventually, the administration has also earmarked 48 hectares at Jewar Bangar where a township will be developed for the families that have to be rehabilitated once the construction work of the airport begins.
Abhay Singh, project in-charge, Jewar airport, said around Rs 240 crore is estimated to be spent in the development of the land at Jewar Bangar.
The township will have developed plots, as mandated by the act, streets, light and water facility, post office and other civic amenities, he said.
According to officials, the first phase of theairportwill cost Rs 4,588 crore and it is expected to be completed by 2023.
The entire project will be spread over 5,000 hectares and is estimated to cost Rs 29,560 crore, they said.
Theairport, the third in the national capital region after Delhi's Indira Gandhi InternationalAirportand Ghaziabad's Hindonairport, is touted to have six to eight runways, the most in India, when fully built, the officials said.
Swiss firm Zurich Airport International AG had on November 29 emerged as the highest bidder to develop theJewar airport on the outskirts of Delhi, outbidding competitors like Adani Enterprises, DIAL and Anchorage Infrastructure Investments Holding.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.