Noida: The Yamuna Expressway Industrial Development AuthorityUnder whose jurisdiction are two of the state’s most prestigious infrastructure projects – Noida International Airport and Film City – and several partners such as Heritage City, Electronic City and Toy Park, will soon launch municipal bonds to raise funds.
At its board meeting on Tuesday, the authority approved a proposal to issue municipal bonds – debt securities for which an investor is paid the principal amount along with accrued interest over a period to be decided by the issuing agency – for revenue and Finance projects to increase the sources of capital.
“The authority is going to launch municipal bonds very soon for the implementation of its big ticket projects like multi-modal connectivity, metro rail, pod taxi, medical device park, toy park, heritage city and electronic city projects,” Yeida CEO Arun Veer Singh said.
The board also approved the proposal to select a transaction advisor-cum-merchant banker, who would provide technical assistance to the authority for raising funds from the market.
The draft Master Plan 2041, highlighting some of the major proposals near the upcoming Noida International Airport at Jewar, was also placed before the Board.
Based on the existing estimates, the Authority proposed to construct a aerotropolisThe Central Business District, Olympic City and Transportation Zone in the area along the Yamuna Expressway.
The Aerotropolis is proposed to cover 10,542 hectares, of which 4,752 hectares will be part of the airport. It will be developed as a multi-modal commercial hub and will include corporate suites, flex office, business meetings, support services, retail and airline services.
While the proposed Central Business District (CBD) will be developed along the lines of New York’s Central Park, Olympic City will be divided into two parts – Olympic Park (on 390 ha) and Olympic Village (on 52.4 ha) – for long-term sporting activities. , officials said.
The authority also gave in-principle consent to set up leather footwear, accessories and accessories parks, plastic processing parks, handloom/handicrafts, electric vehicle parks and a transport hub in industrial areas.
Meanwhile, the authority informed the board that the population in the areas under Yeida is estimated to touch 41.7 lakh by 2041 and would require about eight lakh houses, 1,200 hectares of commercial space and 4,000 hectares of industrial land.
At its board meeting on Tuesday, the authority approved a proposal to issue municipal bonds – debt securities for which an investor is paid the principal amount along with accrued interest over a period to be decided by the issuing agency – for revenue and Finance projects to increase the sources of capital.
“The authority is going to launch municipal bonds very soon for the implementation of its big ticket projects like multi-modal connectivity, metro rail, pod taxi, medical device park, toy park, heritage city and electronic city projects,” Yeida CEO Arun Veer Singh said.
The board also approved the proposal to select a transaction advisor-cum-merchant banker, who would provide technical assistance to the authority for raising funds from the market.
The draft Master Plan 2041, highlighting some of the major proposals near the upcoming Noida International Airport at Jewar, was also placed before the Board.
Based on the existing estimates, the Authority proposed to construct a aerotropolisThe Central Business District, Olympic City and Transportation Zone in the area along the Yamuna Expressway.
The Aerotropolis is proposed to cover 10,542 hectares, of which 4,752 hectares will be part of the airport. It will be developed as a multi-modal commercial hub and will include corporate suites, flex office, business meetings, support services, retail and airline services.
While the proposed Central Business District (CBD) will be developed along the lines of New York’s Central Park, Olympic City will be divided into two parts – Olympic Park (on 390 ha) and Olympic Village (on 52.4 ha) – for long-term sporting activities. , officials said.
The authority also gave in-principle consent to set up leather footwear, accessories and accessories parks, plastic processing parks, handloom/handicrafts, electric vehicle parks and a transport hub in industrial areas.
Meanwhile, the authority informed the board that the population in the areas under Yeida is estimated to touch 41.7 lakh by 2041 and would require about eight lakh houses, 1,200 hectares of commercial space and 4,000 hectares of industrial land.