New Delhi: Flying out of Mumbai airport is set to become more expensive. The airport operator is in the process of acquiring 16 acres of nearby land, for Rs 250 crore, with the cost to be added to the bill for expansion. Any such rise in project cost means a rise in the Airport Development Fee (ADF) charge on passengers.
The cost of acquisition will be paid by the airport operator, Mumbai International Airport Ltd (MIAL), and added in the total project cost for modernising/expanding it.
“We have sent a proposal to the state government to acquire the land. This is between two operational areas of the airport and the plan is to use it for aircraft parking,” said a senior Airports Authority of India (AAI) official, who did not want to be identified. He said AAI would acquire it and then transfer the land to the airport operator, Mumbai International Airport Ltd (MIAL), but the cost would be borne by the latter.
MIAL charges Rs 600 and Rs 100 from each international and domestic passenger, respectively. It has been empowered to charge this between 2009 and 2013. With the increased cost, the fee is set to increase, to recover the increased project cost. A MIAL spokesperson did not reply to the specific query on the land acquisition plans.
14/02/12 Mihir Mishra/Business Standard
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