The Central government has given formal approval to the Mumbai–Navi Mumbai Airport Metro, a transformative urban rail project pegged at around ₹18,000 crore. The corridor is expected to significantly enhance connectivity between Mumbai city and the upcoming Navi Mumbai International Airport (NMIA), providing a fast, reliable mass transit option for commuters and air travellers alike. A Major Boost to Regional Connectivity The metro line will link the heart of Mumbai with the new Navi Mumbai International Airport, improving transit efficiency while reducing dependence on road traffic. This improved connectivity is set to benefit daily commuters, airport passengers, and economic activity across the region. The project forms a critical piece of the larger transport ecosystem supporting the airport and surrounding urban zones. Officials hope the metro will shorten travel times that are currently encumbered by highway congestion, particularly during peak hours. By offering a reliable rail connection, the metro aims to transform how people traverse the city and reach the airport from central and suburban Mumbai. Cost and Funding Framework The estimated project cost is about ₹18,000 crore. Funding will come from both the Central and Maharashtra state governments, with each contributor playing a strategic role in planning, execution, and future…  ​Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups