The Adani Group has concluded financing for the first phase of the Navi Mumbai international airport project by securing a ₹12,770-crore loan from the State Bank of India, informed Jeet Adani, Director, Navi Mumbai International Airport. The project is expected to be commissioned in 2024.
Adani Group’s focus is to create and provide best-in-class airport infrastructure and allied services to the consumer and also aims to converge India’s biggest cities with other surrounding cities and towns in a hub and spoke model. Given the central role airports will play in the future, the company intends to develop an economic ecosystem that has airports and airport users at its core. With the newest deal with SBI, it has moved a step closer to providing Mumbai with another landmark utility in the country’s aviation sector.