Adani To Invest Rs 30,000 Crore In Navi Mumbai Airport Phase 3, Plans Groundbreaking With Phase 1 And 2 Launch: Report

The Adani Group will reportedly invest nearly Rs 30,000 crore in the third phase of the Navi Mumbai International Airport (NMIA), aiming to align its groundbreaking ceremony with the inauguration of the first two phases by the end of next month, The Indian Express reported, citing a senior official of Adani Airport Holdings Ltd (AAHL).

The first and second phases, including Terminal 1 and a runway, cost Rs 20,000 crore and are expected to open in September 2025.

Phase one will handle 20 million passengers annually and feature a cargo terminal operational by 2026.

By 2029, Phase three will add Terminal 2, a second runway, automated people movers (APMs), and Metro works, boosting capacity to 50 million passengers a year.

“As of now the designing of phase three is on and we believe it (phase three) will be a Rs 30,000-crore project,” AAHL Chief Financial Officer (Airport Business) Arun Bansal was quoted as saying by

Construction will start within next six to nine months and finish in three and a half years.

When all five phases are complete, NMIA will handle 90 million passengers annually with two runways and four terminals. NMIAL, the project’s special purpose vehicle, has Adani Group holding 74 per cent equity and CIDCO holding 26 per cent.

Bansal said the airport expects its aerodrome licence by month-end after DGCA inspections.

IndiGo and Akasa Air have committed to starting operations, with talks ongoing with other carriers.

Bansal added that Mumbai Airport’s T1 closure will coincide with Navi Mumbai’s Terminal 2 opening in mid-2029.

The new airport aims to ease congestion at Chhatrapati Shivaji Maharaj International Airport, where runway and ILS tests at NMIA have already succeeded.

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