Yamuna Authority plans to raise Rs 10,000-cr for key infra projects
The Yamuna Authority is in the process of raising Rs 10,000 crore through infrastructure and municipal bonds to fund major projects, including a rapid rail corridor, industrial and information technology parks, sports facilities, roads, bridges, and an international airport. The authority will evaluate its creditworthiness, and two companies, CRISIL and CARE, have expressed interest in conducting its credit rating. The funds will primarily be allocated for land acquisition and infrastructure development for industrial parks, with a significant portion earmarked for the rapid rail connectivity between Noida International Airport in Jewar and Delhi.