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Yamuna International Airport s proposed term loans rated at Provisional IND A- /Stable by India Ratings

Yamuna International Airport s proposed term loans rated at Provisional IND A- /Stable by India Ratings Posted On: 2021-03-08 06:02:10 (Time Zone: Arizona, USA) India Ratings and Research (Ind-Ra) has rated Yamuna International Airport Private Limited s (YIAPL) proposed term loan as Provisional IND A- and stable. The rating reflects the moderate construction risk, significant traffic growth potential in the Delhi-National Capital Region, the stable regulatory regime of the sector, the strong financial profile and long-standing experience of the sponsor ZAIA in the airport sector as well as a suitable debt structure of the project. Yamuna International Airport Private Limited (YIAPL) considers that this credit rating testifies Zurich Airport International s (ZAIA) commitment to support the India growth story, and the importance of experienced and financially sustainable investors for the strategically important aviation sector in a very challenging market environment.

Now, driverless pod taxis to run in Uttar Pradesh

Now, driverless pod taxis to run in Uttar Pradesh - Details here A popular mode of transport in many western countries, pod taxis accommodate four to six people per car and are driverless. (Image Source: File Photo) Updated: Mar 3, 2021, 03:57 PM IST Looking at the need of the hour, the driverless mode of transport is soon to be introduced in Uttar Pradesh. The Uttar Pradesh government is all set to bring in pod taxis to connect the upcoming international airport in Jewar with Greater Noida. A popular mode of transport in many western countries, pod taxis accommodate four to six people per car and are driverless.

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