NEW DELHI: The concessionaire of the upcoming airport at Jewar, Yamuna International Airport Pvt. Ltd (YIAPL), has secured a loan of Rs3,725 crore from the State Bank of India (SBI), it said in a statement on Friday.
The funding is a crucial milestone as it validates the financial viability of the project while also outlining the next steps for the establishment of the Noida International Airport (NIA), YIAPL said.
In November 2019, Switzerland’s Zurich Airport International AG (ZAI) had emerged as the highest bidder for the proposed airport at Jewar, Uttar Pradesh, sparking hope for the long-delayed project and the development of the surrounding area.
