Noida International Airport is expected to become India’s first net-zero emission airport. Credit: Gerhard G / Pixabay.

Yamuna International Airport Private Limited (YIAPL) has reportedly achieved financial close on the Noida International Airport project in India, raising $500.4m (Rs37.25bn) in debt from the State Bank of India (SBI).

A fully-owned subsidiary of Zurich Airport International, YIAPL signed financing agreements with SBI and Noida International Airport (NIAL), the nodal agency of the Uttar Pradesh state Government, for reaching the financial closure.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The raised debt will be repaid by YIAPL over the next two decades, with a one-year moratorium after the completion of the project.

YIAPL has been incorporated as a special purpose vehicle (SPV) for the development of the greenfield Noida International Airport.

YIAPL CEO Christoph Schnellmann said: “We are delighted to have signed the financing agreements with SBI and NIAL to develop Noida International Airport.

“This marks the financial close for the project, and we now eagerly look forward to the development of the airport in close collaboration with our partners including NIAL and SBI.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Schnellmann further explained that the partnership would increase economic growth and employment opportunities in the state of Uttar Pradesh. It is said to be the largest financing for any greenfield airport in the country.

Upon completion, Noida International Airport is expected to become the nation’s first net-zero emission airport and will offer contactless travel and personalised services.

It will be located 100km from the GMR Group-operated Delhi airport.

Earlier this month, NIAL signed a licence memorandum to officially hand over the land for the development of the Jewar airport to YIAPL.

With the handover of the 1,334ha of land, YIAPL is all set to begin construction works at the site.

Airport Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Airport Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Klayo’s talent and compliance platform tailored for airports has secured the Innovation Award in the Workforce Digitalization category . Learn how its competency gap analysis, integrated compliance hub and data-driven workforce planning are helping airports streamline operations, strengthen governance and engage employees.

Discover the Impact