Future India - Navi Mumbai International Airport ( NMIA ) is an under construction greenfield international airport being built at Kopar-Panvel in Maharashtra, India. It is being developed as the second international airport for the Mumbai Metropolitan Region. It will function alongside the Chhatrapati Shivaji International Airport (CSIA) and will make up India's first urban multi-airport system. The Rs. 16,000 crore project will be executed by Mumbai International Airport Limited (MIAL), which won the contract in February 2017.
<p>NMIA will support the rapidly growing air travel needs of Mumbai Metropolitan Region. It is expected to absorb annually 10 million passengers in its first operational year 2017, 25 million by 2020 followed by 45 million passengers in 2025 and ultimately 60 million by 2030.
The Navi Mumbai Airport is proposed to be developed through Public Private Participation (PPP). A Special Purpose Vehicle (SPV) will be formed in which CIDCO &amp; its nominees will hold 26% of the total subscribed and paid up equity and the rest will be held by the private developer.
The airport project, aimed at easing air traffic congestion at CSIA, has been delayed due to property disputes. The airport covers an area of 2,320 hectares (9.0 sq mi)
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