Cabinet approves airports’ economic regulator

New Delhi: Aiming to ensure quality standards and a level playing field for all airport operators in the country, the Cabinet today cleared the long-awaited proposal to establish an economic regulator for airports. The Cabinet, chaired by Prime Minister, Dr Manmohan Singh, approved the passing of the Airports Economic Regulatory Authority (AERA) Bill, 2007 in the Parliament, the I&B minister, Mr P R Das Munshi, said after the meeting.
“The AERA Bill, 2007 will enable setting up of AERA, which will fix, review and approve tariff structure for aeronautical services and also monitor pre-set performance standards at Indian airports,” Mr Das Munshi said.
The AERA Bill, which is expected to passed in the current session of Parliament, would fix the tariff structure for aeronautical services for five years. The need for a regulator is being increasingly felt now as several major airports have gone into private hands, with the privatised Kochi having started to function already.
03/05/07 The Statesman

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Categories: Airports May 2007