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The Adani Group plans to invest an additional Rs 30000 crore to expand the Navi Mumbai International Airport which is scheduled to commence operations in December senior executives at Adani Airport Holdings said ahead of its inauguration by Prime Minister Narendra Modi on Wednesday. The group has already invested around Rs 20000 crore in developing the greenfield airport and has begun design work for the second terminal. The fresh investment will support the next phase of expansion which is expected to be completed by 2029. Second Phase Of Navi Mumbai Airport The second phase of the project is expected to see an investment of Rs 30000 crore he said. In total the four terminals will have a combined capacity of 90 million passengers and it can be stretched up to almost 100 million per annum he said.. He said that the new airport will also have the countrys largest MRO facility with five large hangars. So we will have an MRO facility. We will have a cargo facility. When fully completed well have a capacity of 3.8 million metric tonnes. This will also be one of the largest cargo hubs. Our ambition is to make Navi Mumbai the hub for cargo as well he said. If you really look at Southeast Asia India doesnt have a cargo hub. The cargo hub is in Shanghai or in China. And with the Made in India ambition the growth of economic development we believe India has the potential to eventually become a cargo hub. So Navi Mumbai will play a big role said Adani Airport Holdings Ltd (AAHL) Chief Executive Officer Arun Bansal. He said the majority of Indians going to Europe or to the US are flying through the hubs of some of the foreign carriers as there is no Indian carrier which flies to all European or US destinations today. First Phase Of Navi Mumbai International Airport The first phase of the Navi Mumbai International Airport which has come up at an investment of around Rs 19500 crore and caters to 20 million passengers annually with one terminal and one runway will be inaugurated by the Prime Minister on October 8. The airport the second in the Mumbai Metropolitan Region after the existing Chhatrapati Shivaji Maharaj International Airport in Mumbai secured its aerodrome licence from the aviation safety regulator DGCA on September 30. The project is being developed in multiple phases by Navi Mumbai International Airport in which Adani Group has a 74 per cent stake and the remaining 26 per cent with the Maharashtra governments land development authority CIDCO. Spread across 1160 hectares Navi Mumbai International Airport upon completion of all phases will have four terminals with a capacity of 90 million passengers per annum and a cargo capacity of 3.25 million metric tonnes making it one of the largest aviation hubs in Asia. The eventual plan for Navi Mumbai International Airport is to have 90 million passenger capacity. That will make Navi Mumbai the largest capacity airport in India with two runways. So in phase one we are doing with one runway. The terminal two project we are kicking off at the same time now. So the design work for phase two we call it phase three because of the nomenclature has started. And we will start the construction work within this financial year which will be ready by 2029. Which will have a capacity of an additional 30 million per annum Bansal said. Navi Mumbai International Airport’s Role In India Aviation Hub Navi Mumbai International Airport which is all set to be inaugurated by Prime Minister Narendra Modi on Wednesday will play a significant role in making India an aviation hub if domestic carriers like Air India and IndiGo look to create one a senior Adani Group official has said. The official also said that the design of the second terminal which will have a capacity to handle 30 million passengers per annum is being finalised and the construction work of the building is expected to commence within this fiscal. (With Inputs From PTI)