Noida Airport’s first phase funding sealed with Rs 3,725-cr loan from SBI
The Yamuna International Airport Pvt Ltd (YIAPL) has raised Rs 3,725 crore debt from State Bank of India for the development of the upcoming Noida International Airport, officials said on Tuesday.
YIAPL is a 100 per cent subsidiary of Swiss developer Zurich Airport International AG (ZAIA) and has been incorporated to develop the airport in Jewar, which is around 70 km from the main Delhi region.
The Uttar Pradesh government was also informed about the complete funding for the first phase of the project on Tuesday, the officials said.
The ‘financing agreement’ was signed between YIAPL, State Bank of India (SBI), and Noida International Airport Limited (NIAL), the project’s nodal agency set up by the Uttar Pradesh government, they said.
