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Greater Noida: The rehabilitation of all displaced families, without which work on the first phase of the Noida airport project cannot start, is expected to be completed by July 15.
On Wednesday, Meerut divisional commissioner Surendra Singh visited the six villages where the proposed Jewar airport will come up, to monitor the progress of the rehabilitation process. Nearly 600 of the over 3,000 families have partially been moved from their homes, out of which a majority of the families are from Nagla Ganeshi, Nagla Phoolkan and Dayanatpur Khera villages.
In the first phase, officials have to get all the six villages vacated to organise the foundation stone laying ceremony for the Noida International Airport project. Meanwhile, villagers have said they are not being given time to complete the construction of their houses in Jewar Bangar township and are instead being asked to shift immediately.
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
Noida: The Jewar airport project is picking up steam, with the country’s largest public sector bank sanctioning over Rs 3,700 crore for the subsidiary of concessionaire Zurich Airport International to build and develop the greenfield airport. With the required funds in place, the foundation stone laying ceremony for the project can happen within a few weeks.
TOI had earlier reported that Yamuna International Airport Private Limited (YIAPL) would need Rs 5,730 crore for developing the first phase of the Jewar international airport project. The company wanted to fund the project while maintaining a debt to equity ratio of 65 to 35. So, while YIAPL will give Rs 2,005 crore, the additional Rs 3,725 crore will be provided by the State Bank of India (SBI). YIAPL CEO Christoph Schnellmann said: “We are delighted to partner with SBI for financing the development of Noida International Airport. The entire loan of Rs 3,725 crore has been underwritten by SBI on a door-to-door loan tenure