The Yamuna International Airport Pvt Ltd (YIAPL) has received the final credit sanction for Rs 3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA), it said in a statement issued on Friday.
Christoph Schnellmann, the Chief Executive Officer of Yamuna International Airport Private Limited said, “We are extremely delighted to partner with the State Bank of India, the country’s largest bank, for financing the development of the Noida International Airport. The entire loan of INR 3725 crore has been underwritten by SBI on a door-to-door loan tenor of 20 years. We look forward to working closely with SBI to develop NIA as a world-class airport in India.
