CAG says DIAL to earn Rs 1,63,557 crore from concessional land

New Delhi: The CAG has found that the company, which runs the Delhi International Airport, has a potential to earn Rs 1,63,557 crore over a 60 year period from the land given to it on a lease rent of Rs 100 per annum, hurting the interest of the government.
A draft report on the public private partnership for the Indira Gandhi International Airport has also come down heavily on Delhi International Airport (DIAL), which runs the utility, on the issue of levy of user charges on passenger which was not part of the original agreement when the land was given to it.
The Comptroller and Auditor General of India found that whenever DIAL had raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the agreement, the Civil Aviation Ministry and Airport Authority of India have always ruled in favour of operators and against the interest of the government.
23/05/12 PTI/ZeeNews

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Categories: airports May 2012