Jewar airport achieves financial closure; raises Rs 3725 crore as debt from SBI
Yamuna International Airport Pvt Ltd (YIAPL) today said it has arranged funds to construct the international Airport in Greater Noida’s Jewar, which will be second airport for the Delhi NCR region.
“YIAPL has raised Rs 3,725 crore in debt from the State Bank of India NSE -0.38 % (SBI) to be repaid over a period of 20 year with one-year moratorium post completion of the project. The financial close marks another crucial milestone for the project, bringing it closer to start of construction works,” the company said in a statement.
