Uttar Pradesh govt completes first phase of funding for Noida airport

12 Aug 2021 CW Team

The Uttar Pradesh government announced the complete funding of the first phase of the aviation project, for which the State Bank of India (SBI) and Noida International Airport Ltd (NIAL) signed a deal.

According to the officials, the financial agreement was signed between Yamuna International Airport Pvt Ltd (YIAPL), SBI and NIAL. The nodal agency of the project was set up by the UP government.

The stakeholders even signed a substitution agreement and an escrow agreement. The airport's financial clauses were also completed, officials said.

As per a statement, YIAPL raised Rs 3,725 crore from SBI as debt for the project, which will be paid back in 20 years with a one-year moratorium after completing the project. It is one of the largest financings for Indian Greenfield airport.

It further said that the project funding is a debt-to-equity with a ratio of 65:35. The lead shareholder of YIAPL is Zurich Airport International AG (ZAIA), providing Rs 2,005 crore as equity for the development of Noida International Airport.

CEO of NIAL, Arun Vir Singh, said he would enable its team to focus on the construction for the development of the airport.

Shailendra Bhatia, the nodal officer, explained the financial close, which means that the funding related to the project had been completed, and the project was ready for construction.

As per the agreement, YIAPL has to pay 65% of the cost incurred on the project through SBI's funding, while the remaining would be infused with the parent company.

The Noida International Airport will be India's biggest airport after completion. The Greenfield project's first phase covers 1,334 hectares, with two runways, officials said.

Image Source

Also read: Zurich Airport inks pact for Noida International Airport development

Also read: UP govt okays ph 2 land acquisition for Noida airport

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..