Lawyer Monthly Magazine - February 2020 Edition

ADVISER INTERVIEW Zurich Airport International AG’s bid for Jewar Airport DSK Legal acts on Zurich Airport International AG bid for Jewar Airport. Switzerland’s Zurich Airport International AG emerged as the highest bidder for the proposed international airport at Jewar, Uttar Pradesh. DSK Legal advised Zurich Airport International AG with respect to its bid to develop the greenfield Noida International Airport at Jewar on a design, build, finance, operate and transfer basis. The bid was floated by Noida International Airport Limited. The team were led by Managing Partner Anand Desai and Partner Anuja Tiwari. TRANSACTION REPORT This announcement appears as a matter of record only Zurich Airport International AG’s Bid For Jewar Airport Legal adviser to Zurich Airport International AG: Please tell us about your involvement in the deal. We were involved as legal advisers to one of the bidders, Zurich Airport International AG (ZAIA). After the opening of the technical and financial bids of all bidders, ZAIA was declared the selected bidder for the development of the Jewar Airport project. During the bid advisory phase, we were providing legal advice to ZAIA on the bid documents, the concession agreement and the technical bid. We were involved in every step of the bid submission process and assisted the bidder in putting the successful bid together. Why is this a good deal for all involved? The proposal for the Jewar Airport is beneficial for ZAIA as well as the bidding authority and general public. ZAIA had exited from the Kempegowda International Airport SPV in 2007, and since then has been looking for re-entry into India’s aviation sector. The Jewar airport project presents itself as a marvellous opportunity for a re-entry as: (i) it is a greenfield airport; (ii) the airport is a necessity since traffic projections show that the Delhi Airport will soon reach peak capacity; (iii) since the site of the airport and surrounding areas DSK Legal Team Transactions Zurich Airport International AG’s Bid for Jewar Airport 68 WWW.LAWYER-MONTHLY.COM | FEB 2020

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