Draft CAG report erroneous, benefits were available to all: GMR

New Delhi: Terming the draft CAG report on Delhi International Airport (DIAL) "erroneous", GMR Infrastructure Wednesday said that land at concessional rates and other benefits available to it to run the Delhi airport were part of the bid document and were available to every bidder.
"It is a draft report, which we have not seen it. However, Rs 1.63 lakh crore figure, as quoted by the media, as potential earning for us over a 58-year period for the land given is erroneous calculations," a company spokesperson said.
GMR Infrastructure is the majority stakeholder in DIAL with 54 percent stake and had won the bid in a consortium in 2006 to develop and modernise the Indira Gandhi International Airport.
The spokesperson added that "there was no concessional land as part of Operations, Maintenance and Development Agreement. Only 5 percent of the total land (5,000 acres) at Delhi airport is supposed to be available for commercial operations.
30/05/12 PTI/ZeeNews

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Categories: airports May 2012