Mumbai: State Bank of India (SBINSE 1.30 %) has taken over as the lead financier for India’s costliest airport project planned to be set up in Navi Mumbai, said multiple people aware of the development.
SBI has agreed to disburse a term loan and facilitate the much-delayed financial closure of the Rs 16,000-crore Navi Mumbai International Airport, to be built by the GVK PowerNSE 1.09 % & Infra-led consortium that runs the commercial capital’s current airport, which is India’s second busiest and most congested.
