AAI ropes in consultants to review DIAL project costs

New Delhi: State-owned Airports Authority of India (AAI) has appointed Engineers India and the Indian arm of global consulting firm KPMG to audit the technical and financial sides, respectively, of the project cost submitted by GMR Group-led Delhi International Airport Ltd (DIAL).
The report to be submitted by the consultants to the airport sector regulator, Airports Economic Regulatory Authority of India (AERA), would be key to determine the tariff the airport operator levies on each departing passenger.
DIAL has asked the sector watchdog to increase the tenure for which it would collect airport development fee (ADF) from passengers to make up for shortfall in pre-fixed investment required for airport upgrade. “The two consultants would give their report in a month,” an AAI official, who did not wish to be identified, told FE.
The operator of New Delhi's IGI airport has submitted a project cost of Rs 12,700 crore, up 41% over the earlier estimated cost of Rs 8,975 crore, for the first phase of modernisation.
21/05/10 Nirbhay Kumar/Financial Express

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Categories: Airports May 2010