Delhi airport: Rs.1,199 crore in development fee

New Delhi: Delhi International Airport Limited (DIAL) which operates the Indira Gandhi International Airport here has collected Rs.1,199 crore in development fee till January 2011, Civil Aviation Minister Valayar Ravi informed the Lok Sabha on Thursday.
"So far funds amounting to Rs.1,199.54 crore have been collected up to the month of January 2011 by M/s Delhi International Airport Pvt. Ltd. (DIAL) at IGI Airport through development fee," Ravi said in a written reply.
The government had approved a levy of development fee of about Rs.1,300 per departing international passenger and Rs.200 per departing domestic passenger from March 1, 2009, he said.
The development fee is for a period of 36 months, which would be used to bridge the funding gap of Rs.1,827 crore in the development of the IGI airport.
"Funds collected through the levy can be utilised only for the construction of such aeronautical assets which will be transferred by DIAL to AAI (Airports Authority of India) upon completion of lease period," he said.
24/02/11 Economic Times

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Categories: Airports Feb 2011