27 airports funded with AAI's earnings from Delhi, Mumbai rentals

New Delhi: The Airport Authority of India (AAI) has completed development works at 27 of the 35 brownfield non-metro airports on the back of lease rentals from Mumbai and Delhi airports. The lease rentals from Delhi airport have increased almost three-fold since 2006-07, whereas from Mumbai airport, it has gone up by 37 per cent since 2007-08.
Among the few cities where new international terminal buildings have been commissioned are Ahmedabad, Trivandrum, Chandigarh, Varanasi, Amritsar, Dehradun and Vizag.
Around Rs 1,305.98 crore was received from Delhi International Airport Limited (DIAL), a GMR-led consortium, and Mumbai International Airport Limited (MIAL), a consortium of GVK industries Ltd. This sum constituted 41 per cent of the total capital expenditure of Rs 2,503 crore. Since 2007-08, the revenue share has gone up from 37 per cent of the total capital expenditure of Rs 1,980 crore. AAI has equity of 26 per cent in Delhi airport and it fetches around 46 per cent of the revenue from DIAL annually.
23/08/12 Disha Kanwar/Business Standard

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Categories: airports Aug 2012