Shareholder agreement for development of Noida Int l Airport inked prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
New Delhi [India], June 5 (ANI): The Yamuna International Airport Pvt Ltd (YIAPL) has received the final credit sanction for Rs 3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA), it said in a statement issued on Friday.
Read more about YIAPL secures financing from SBI for development of Noida Airport on Business Standard. YIAPL has received the final credit sanction for Rs 3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA), it said in a statement issued on Friday
Yamuna International Airport Pvt Ltd secures financing from SBI for the development of Noida International Airport equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
I think India, with an increase in disposable income, propensity to travel, economic and city-side development in the larger catchment, whether NCR, Agra or maybe Mathura industrial corridor these elements have not changed and we actually see more dynamics there. Last, but not least, when we look at the traffic studies and we have to take into account 40 years, we see traffic growth way beyond 200 million passengers and we know that the existing Delhi airport has final capacity of 110-120 million.
When it comes to the bids, we are reasonably close to the bid from the competitors, and GMR had the right of first refusal. So, taking this into account, we could not have bid lower. So I think this is a justified bid and we’re very confident that the airport will be a success and is much needed infrastructure for the NCR region.