HUDCO approves fund to develop four cities near Jewar airport

With a sanction of Rs. 5,000, the Yamuna Expressway Industrial Development Authority (YEIDA) is all set to procure land needed to develop four new cities on the periphery of the Noida International Greenfield Airport site at Jewar, along the 165km Yamuna Expressway.

The funds have come from Housing and Urban Development Corporation Limited (HUDCO), a state-owned technical and financing agency, as a loan.

HUDCO has given us three years’ time to utilise the fund on developing four projects in the agreement that was inked on July 30.​

(Indian PSU: All about Indian Public Sector Undertakings. Follow @IndianPSUs for all the News & Views on PSUs, Corporates, Markets, Bureaucracy, Public Policy)

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