Lucknow, Nov 29 (IANS): Zurich Airport International AG of Switzerland was, on Friday, selected as the concessionaire for developing the Noida International Airport at Jewar in Uttar Pradesh.

The company, headquartered in Switzerland, made the highest per-passenger bid for the airport, outbidding competitors like Delhi International Airport Ltd, Adani Enterprises and Anchorage Infrastructure Investments Holdings Ltd.

Shailendra Bhatia of the project's nodal office said that Anchorage offered Rs 205 premium per passenger, Delhi International Airport Rs 351, Adani Enterprises Rs 360 and Zurich Airport Rs 400.97.

"Zurich Airport International AG has made the highest bid for developing the Jewar airport and has been selected as the concessionaire for the airport," he said.

The financial bid will now be put up before the Project Monitoring and Implementation Committee on December 2.

Jewar Airport or the Noida International Greenfield Airport will come up in the 5,000-hectare area and is estimated to cost Rs 29,560 crore.

A global tender was floated to hire a developer for the proposed airport on May 30 by the Noida International Airport Ltd, an agency floated by the Uttar Pradesh government for managing the project in Gautam Buddha Nagar district, adjoining the national capital.

The first phase of the airport will be spread over 1,334 hectares and cost Rs 4,588 crore. It is expected to be completed by 2023.