Panel to study cargo traffic load

Mohali: To make cargo traffic from upcoming international airport a profitable venture, the tripartite committee constituted to steer the project
has decided that the consultant would take further inputs from Punjab, Haryana and Himachal Pradesh and apprise it about the feedback. It was also approved that Punjab, Haryana and Airport Authority of India (AAI) would make efforts for ensuring that land required for extension of runway in the second phase is frozen for this use by the UT Administration.
Recently, members of tripartite committee, besides representatives of project consultants, met at Delhi to mull over various issues. After detailed deliberations, it was decided that the consultant, after collecting inputs regarding goods that could be exported from these states through Chandigarh airport, would update the committee about the position.
The panel has decided to carry out a sensitivity analysis on the basis of proposal to charge User Development Fee (UDF) that is being felt necessary to improve project viability. It was highlighted during the meeting that Financial Internal Rate of Returns (FIRR) of the project is estimated to be 8.3%, subject to transfer of new civil enclave building that is presently under construction by AAI on the other side of the runway.
After discussing the issue, it was decided to analyse whether the new civil enclave building that is being built should be handed over to the joint venture company by AAI.
01/02/09 Anand Bodh/Times of India

To Read the News in full at Source, Click the Headline

Categories: Cargo Feb 2009