Wednesday, March 08, 2017

PAC seeks details of DIAL's revenue

New Delhi: A parliamentary panel has sought details of revenue earned by Delhi airport operator DIAL since the privatisation of the facility as it observed that government is "losing heavily".
The Public Accounts Committee (PAC) headed by Congress MP K V Thomas has directed the Civil Aviation Ministry to provide the details of the total earnings of DIAL and revenue earned by the government in terms of its approved shares.
Delhi International Airport Ltd (DIAL) is a joint venture in which GMR group holds 64 per cent while Airports Authority of India (AAI) has 26 per cent. The rest 10 per cent shares are with Fraport AG.
At a meeting at Delhi International Airport, the PAC members observed that government is "losing heavily" in the joint venture firm DIAL and asked the Ministry officials to submit its revenue details, a source privy to information said.
During the meeting, Thomas said that this information will enable the PAC to decide whether public interest was substantially served or not, the source added.
Raising concerns about commercial encroachment, the PAC members observed that the space for passengers was shrinking at the country's busiest airport, said a source.
08/03/17 PTI/Times of India