New Delhi: The country's airport regulator may allow the GMR-led Delhi International Airport (DIAL) to collect the airport development fee (ADF) in a couple of months' time, paving the way for a resumption of the fee collection process which got stalled for a while.
Earlier in June, the Delhi High Court had barred the private operator from collecting the fee, asking it to get the matter cleared by the airport regulator, Airports Economic Regulatory Authority (AERA).
"We will allow DIAL to collect Rs 3,500 crore over 4-4 to 5 years as airport development fee. They have said they will make a further expenditure of Rs 700-800 crore on the airport soon. If they do so, they can collect the ADF for over five years," AERA chairman Yashwant Bhave told ET. The airport developer in Delhi was allowed to collect the fee to cover a funding gap of Rs 1,827 crore when the project cost was estimated to be about Rs 9,800 crore.
But later the project cost escalated to Rs 12,718 crore, and consequently the funding gap jumped to Rs 3,481 crore. To cover this extra gap of about Rs 1,700 crore, DIAL had asked AERA for an extension of two years and eight months, starting March 2010.
14/10/11 Anindya Upadhyay/Economic Times
To Read the News in full at Source, Click the Headline
0 comments:
Post a Comment