Navi Mumbai airport to be inaugurated in June, says Gautam Adani

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Navi Mumbai airport to be inaugurated in June, says Gautam Adani - Business Standard

Quick Summary:

The greenfield airport -- the second such facility in the Mumbai Metropolitan Region after the Chhatrapati Shivaji Maharaj International Airport -- is being developed by a special purpose vehicle, NMIAL, which is a 74:26 joint venture between Adani Airport Holdings Ltd (AAHL) and City and Industrial Development Corporation of Maharashtra (CIDCO).

Prime Minister Narendra Modi in February 2018 laid the foundation stone for the new airport, which is coming up at an investment of Rs 16,700 crore with an aim to reduce the congestion at the capacity-constrained Mumbai Airport, along with meeting the soaring demand for air travel in the country.

The upcoming Navi Mumbai International Airport will be inaugurated in June, Adani Group Chairman Gautam Adani said on Sunday.