NEW DELHI: The Yamuna International Airport Pvt Ltd (YIAPL) has Obtained Closing credit sanction for Rs 3,725 crore in the State Bank of India (SBI) for Its Growth of Noida International Airport (NIA) in Jewar.
YIAPL CEO Christoph Schnellmann stated:”We’re very delighted to associate with SBI, the nation’s biggest bank, for funding the growth of the NIA.
The whole loan of Rs 3,725 crore was underwritten by SBI to some loan tenor of 20 decades.
We anticipate working closely together with SBI to create NIA as a world class airport in India.
The undertaking won’t just improve the Indian market but will also assist in employment creation in Uttar Pradesh and Delhi NCR area”.
Zurich Airport International AG (ZAIA), a fully owned subsidiary of Flughafen Zurich AG, is that the major Bank of YIAPL and will be devoting Rs 2,005 crore in the creation of NIA.
YIAPL states it”today looks ahead to the finish of UP government’s resettlement and rehabilitation procedure and the beginning of building of the airport”
