The Uttar Pradesh government has approved a fund of Rs. 1,260 crore for acquisition of land for the proposed Jewar airport in Gautam Buddh Nagar, according to an official document.
The amount, released for acquisition in the first phase of airport construction, is to be spent for land acquisition and payment to the farmers concerned, the letter stated.
A total of 5,000 hectare land is required for the development of the proposed Greenfield international airport and cost Rs. 15,000 crore to Rs. 20,000 crore, the officials said.