NEW DELHI: The concessionaire of the upcoming airport at Jewar, Yamuna International Airport Pvt. Ltd (YIAPL), has secured a loan of Rs3,725 crore from the State Bank of India (SBI), it said in a statement on Friday. The concession agreement for the greenfield airport was signed in October 2020 between YIAPL and Uttar Pradesh government agency Noida International Airport Authority. It will cater to 30 million passengers on the completion of the second phase, 50 million in the third phase, and 70 million passengers by the end of the fourth phase, subject to passenger growth. "The entire loan of Rs3,725 crore has been underwritten by SBI on a door-to-door loan tenor of 20 years," said Christoph Schnellmann, chief executive officer, Yamuna International Airport Private Limited.

Source: Mint June 04, 2021 11:03 UTC