Adani to make Rs. 35,000 Cr. Fresh Investment in Navi Mumbai Airport
Adani Group will infuse a fresh investment of Rs. 34,802 crore in the already under-development Navi Mumbai International Airport. This project is being developed by Navi Mumbai International Airport Pvt. Ltd., a Joint Venture (JV) between Adani Group’s Mumbai International Airport (MIAL) and City and Industrial Development Corporation of Maharashtra (CIDCO).
Navi Mumbai International Airport is being executed under a Public Private Partnership (PPP) basis on a Design, Build, Finance, Operate and Transfer (DBFOT) basis.
Navi Mumbai Airport Project Being Developed in 5 Phases
Navi Mumbai International Airport is being developed in 5 phases. A total of Rs. 57,333 crore is being utilised by FY30 for developing the first 3 phases, out of which Rs. 22,531 crore is already being invested. However, details regarding CapEx for phases 4 & 5 have not yet been disclosed.
Key Features of Navi Mumbai Airport’s First Three Phases
Post completion of the first 3 phases of development, Navi Mumbai greenfield airport will comprise two passenger terminals, dual runways, a multi-modal transport hub, cargo handling infrastructure, and a dedicated metro link.
Terminal 1 will have a passenger handling capacity of 20 million passengers per annum, and will be a multi-level structure with domestic and international piers and a parking facility. Terminal 2 will be larger in size, and will have an annual passenger handling capacity of 30 million passengers. Navi Mumbai Airport’s Terminal 2 will feature four piers, underground parking for 3,500 vehicles, and gates capable of handling widebody aircrafts. A new 104-metre-high air traffic control tower will also be constructed.
Metro lines from both Mumbai and Navi Mumbai will connect directly to the airport premises. The multi-modal transport hub at the Navi Mumbai Airport will include an elevated metro station, a bus terminal, and skywalks linking the terminals.
To ensure smooth traffic flow, the airport will also feature flyovers, vehicular underpasses, and looped roadways for efficient movement of passengers and staff.
Navi Mumbai Airport Projected to Handle 90 Mn. Passengers Annually After Full Completion
Final two phases of development, that are Phase 4 and Phase 5, will each add capacity for an additional 20 million passengers annually. Once all five phases are complete, the airport will have a total annual capacity of 90 million passengers.
India’s Annual Airport Passenger Traffic to Grow to 450 Mn. in FY26
As per an April 2025 report by ICRA, India’s annual airport passenger traffic (domestic and international traffic taken together) is expected to grow to 440-450 million in FY26, which represents Year-over-Year (YoY) growth of 7-9% from FY25. In FY25, this figure was estimated at 412-415 million. The report also mentions that investments totaling over Rs. 1,00,000 crore are expected in Indian airport projects over the next 4-5 years.
Therefore, development of Navi Mumbai International Airport is cruicial, considering the increasing airport passenger traffic in India.
Navi Mumbai International Airport Pvt. Ltd.: Navi Mumbai International Airport Pvt. Ltd., a JV between Mumbai International Airport and City and Industrial Development Corporation of Maharashtra. The company was established in 2007 and is headquatered at Ulwa in Navi Mumbai in Maharashtra.
