Yamuna International Airport (YIAPL), a 100% subsidiary of Zurich Airport International incorporated as a special purpose vehicle to develop the greenfield Noida International Airport, on Tuesday signed financing agreements with the State Bank of India (SBI) and Noida International Airport (NIAL), the Uttar Pradesh government’s nodal agency for the project, to achieve financial closure of the project.
YIAPL has raised Rs 3,725 crore in debt from SBI to be repaid over a period of 20 years, with a one-year moratorium after completion of the project. This is one of the largest financing amounts for any greenfield airport in India.
