The UP Government has granted an interest-free loan of Rs 1,779 crore to the Yamuna Expressway Industrial Development Authority(YEIDA) for acquiring over 1220 hectares of land for the proposed logistics park in Tappal-Bajna Urban Centre, an electronic manufacturing cluster in Sector 10 and four other industrial parks off the expressway and near the Noida International Airport. The Authority, which will contribute an equal amount to facilitate the land acquisition, will repay the state loan in 25 years. “The estimated cost for acquiring land for the proposed projects is around Rs 3558 crore. The state government has agreed to provide 50% of the land cost through an interest-free loan, while the Authority will cover the remaining 50% through financial institutions and its own resources,” YEIDA CEO Arun Vir Singh said. Officials said the Authority plans to pay its share from the profits accrued over the next two years, revenue generated from various other plot schemes, and bank loans.