Adani Group will invest £3 billion on expanding seven existing airports in its portfolio over the next five years - apart from building the £1.8 billion Navi Mumbai greenfield airport. In addition, the conglomerate will invest £3 billion over 5-10 years on city side development at its airports, Adani Ports MD Karan Adani said.
This will be funded through internal accruals of the parent company Adani Enterprises. The group operates airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati & Thiruvananthapuram.
“The current capacity of our airports is 100 to 110 million passengers annually (CPA). This will be increased by up to three times. Lucknow has got a new terminal. Navi Mumbai airport will open next (by next March). Then Guwahati airport will get a new terminal. We are planning new terminals for Ahmedabad and Jaipur also. Overall, we are looking at a combined capacity of 25-30 CPA by 2040,” Karan, Gautam Adani’s son, said.
The capacity will grow in a phase-wise manner. Lucknow Airport’s new terminal, for instance, has a capacity of 80,00,000 passengers per annum which will increase to 13 million in the next phase and then 38 million annually by 2035.