Financial closure achieved: Construction of Noida airport to begin soon
NEW DELHI: Yamuna International Airport Pvt Ltd (YIAPL) has raised Rs 3,725 crore debt from State Bank of India (SBI) for funding the upcoming Noida International Airport (NIA).
This financial closure, that will enable start of construction work, is one of the largest financings in an Indian greenfield airport. The loan is to be repaid overawe decades with one-year moratorium post completion of the project.
The Noida Airport project is being funded on a debt-equity ratio of 65:35. Zurich Airport International AG (ZAIA), a fully owned subsidiary of Flughafen Zurich AG, is the main shareholder of YIAPL and is injecting Rs 2,005 crore as equity into developingNIA.
