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A $2 Billion Airport Will Test Modi's Mission, Adani's Ambitions.

Authors :
Saxena, Ragini
Palepu, Advait
Source :
Bloomberg.com; 3/16/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

The Adani Group is building a $2.1 billion airport in Navi Mumbai, India, which is seen as a test of the group's ability to put India on the global aviation map. The airport, designed with a lotus-shaped structure, is expected to start operations in March next year and have a capacity for 20 million passengers annually, with the potential to increase to 90 million by 2032. The project is part of India's larger infrastructure overhaul as it seeks to become a developed nation by 2047. However, the airport will face competition from established international transit hubs and will need to address challenges such as short layovers and passenger flow. The success of the airport is crucial for Mumbai's overall revamp, and plans are in place to create an "aero city" around the new airport to boost non-aviation revenue sources. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176074614