The Civil Aviation Ministry has deferred a decision on handing over of the Centaur Hotel land to DIAL for airport expansion till next year after Air India raised "objection" over the issue. The Centaur in Delhi is one of the two hotels operated by Hotel Corporation of India (HCI), a wholly-owned subsidiary of Air India.
The property is on the land leased from Airports Authority of India (AAI) and the lease period is to end in 2032. As part of its revised Master Plan for IGI Airport, which has already been approved by the Civil Aviation Ministry, DIAL has proposed further development of landside, terminals and airside facilities to correspond to the projected traffic growth in next 20 years.
It also proposes expansion of passenger handling capacity of the IGI Airport from the existing 62 million passengers per annum (MPPA) to 109.3 million MPPA in a phased manner. Delhi International Airport Limited (DIAL) had last year written to the ministry for taking possession of the hotel land as part of these plans.
"Following this, the ministry asked Air India to vacate the building complex at the earliest. However, Air India wrote back to the Ministry, saying that since it is already working on plans to revive the hotel, it will not be feasible to transfer the property at this stage," official sources said.
The ministry has accepted Air India's plea and accordingly deferred a decision on the issue till the first quarter of the next calendar year, they said. DIAL is a joint venture between GMR-led consortium and Airports Authority of India. In the JV, while GMR group holds 64 per cent stake, mini-ratna Public Sector Undertaking AAI has 26 per cent ownership. The rest 10 per cent is with German airport operator Fraport.
27/02/17 PTI/Millennium Post
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The property is on the land leased from Airports Authority of India (AAI) and the lease period is to end in 2032. As part of its revised Master Plan for IGI Airport, which has already been approved by the Civil Aviation Ministry, DIAL has proposed further development of landside, terminals and airside facilities to correspond to the projected traffic growth in next 20 years.
It also proposes expansion of passenger handling capacity of the IGI Airport from the existing 62 million passengers per annum (MPPA) to 109.3 million MPPA in a phased manner. Delhi International Airport Limited (DIAL) had last year written to the ministry for taking possession of the hotel land as part of these plans.
"Following this, the ministry asked Air India to vacate the building complex at the earliest. However, Air India wrote back to the Ministry, saying that since it is already working on plans to revive the hotel, it will not be feasible to transfer the property at this stage," official sources said.
The ministry has accepted Air India's plea and accordingly deferred a decision on the issue till the first quarter of the next calendar year, they said. DIAL is a joint venture between GMR-led consortium and Airports Authority of India. In the JV, while GMR group holds 64 per cent stake, mini-ratna Public Sector Undertaking AAI has 26 per cent ownership. The rest 10 per cent is with German airport operator Fraport.
27/02/17 PTI/Millennium Post
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