12 banks sign financing documents for Delhi airport

Delhi International Airport Pvt Ltd, which is taking up the modernisation of Delhi airport, signed key financing documents with its project lenders for Rs 3,650 crore and foreign currency loan of $350 million. The total debt requirement has been financed by Canara Bank (Rs 600 crore), IIFCL (Rs 500 crore), Union Bank of India (Rs 500 crore), Oriental Bank of Commerce (Rs 400 crore), Central Bank (Rs 400 crore), Andhra Bank (Rs 250 crore), Vijaya Bank (Rs 250 crore), IDFC (Rs 250 crore), Bank of India (Rs 250 crore) and PNB (Rs 250 crore). The loan of $350 million has been financed by ICICI Bank, Singapore - $200 million and Abu Dhabi Commercial Bank, Abu Dhabi - $150 million.