To start the construction work on the international airport project at Jewar in Noida, Yamuna International Airport Private Limited (YIAPL) has achieved financial closure by raising ₹3,725 crore loan from SBI. This financial closure is one of the largest financings for an Indian Greenfield airport. The loan is to be repaid over decades with one-year moratorium post completion of the project.
Noida Airport project is being funded on a debt-equity ratio of 65:35. Zurich Airport International AG (ZAIA), a fully owned subsidiary of Flughafen Zurich AG, is the main shareholder of YIAPL and is injecting ₹2,005 crore as equity into the airport development. CEO, YIAPL, Christoph Schnellmann informed that they are delighted to have signed the financing agreements with SBI and NIA Ltd (NIAL) to develop Noida International Airport.
CEO, NIAL, Arun Vir Singh remarked that the achievement of financial closure is a crucial milestone and they are eagerly waiting to build India's leading airport that will boast of quality, efficiency, technology, and sustainability. The company is set to move ahead with a vision to co-create world-class aviation infrastructure.