Pact on Noida Airport’s first phase funding signed, SBI loaning Rs 3,725 crore to private developer

NOIDA: With the signing of a key pact between the private developer, State Bank of India and Noida International Airport Limited (NIAL), the Uttar Pradesh government was on Tuesday informed about the complete funding for the first phase of the aviation project, officials said.

The ‘financing agreement’ was signed between Yamuna International Airport Pvt Ltd (YIAPL), a subsidiary of Zurich Airport International AG, SBI and NIAL, the project’s nodal agency set up by the UP government, they said.