Noida International Airport secures Rs 3,725-crore funding from SBI | Delhi News

NEW DELHI: The Yamuna International Airport Pvt Ltd (YIAPL) has received final credit sanction for Rs 3,725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA) at Jewar.
YIAPL CEO Christoph Schnellmann said: “We are extremely delighted to partner with SBI, the country’s largest bank, for financing the development of the NIA. The entire loan of Rs 3,725 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. The project will not only boost the Indian economy but will also help in employment generation in Uttar Pradesh and Delhi NCR region”.
Zurich Airport International AG (ZAIA), a fully owned subsidiary of Flughafen Zurich AG, is the main shareholder of YIAPL and is injecting Rs 2,005 crore into the development of NIA.
YIAPL says it “now looks forward to the conclusion of UP government’s resettlement and rehabilitation process and the start of construction of the airport.”

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