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Business EconomyPosted at: Jun 4 2021 4:48PM


Yamuna International Airport Pvt Ltd secures financing from SBI for development of Noida International Airport

Kolkata, Jun 4 (UNI) Yamuna International Airport Pvt Ltd (YIAPL) received the final credit
sanction for INR 3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA).
The funding is a crucial milestone for the project as it validates the financial viability of the
project while also outlining the next steps for the establishment of the Noida International
Airport.
Christoph Schnellmann, Chief Executive Officer, 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. The
project will not only boost the Indian economy but will also help in employment generation in
Uttar Pradesh and Delhi NCR region”.
The airport is being developed in close partnership with Government of Uttar Pradesh and Government of India. UP government’s continued support towards the project has been vital in
the process so far.
YIAPL now looks forward to the conclusion of UP government’s resettlement and rehabilitation process and the start of construction of the airport. This partnership will bring progress to the
State of Uttar Pradesh and will bolster the Indian aviation’s growth story.
Zurich Airport International AG (ZAIA), a fully owned subsidiary of Flughafen Zurich AG, is the
main shareholder of YIAPL and is injecting INR 2005 crore into the development of NIA. With this significant foreign direct investment, ZAIA consolidates its role as a leading global airport operator
with experience in three continents, benchmarked quality and innovations and successful global
projects. The investment substantiates ZAIA’s strong belief in India’s growth story, and its
commitment to invest and support India’s national agenda through infrastructural development and
job creation.
UNI BM
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