CAG: Changes made in development plan to benefit DIAL

New Delhi: Even as the Ministry of Civil Aviation and Airport Authority of India (AAI) watched silently gross violation of the master plan for the Indira Gandhi International Airport (IGIA), Delhi International Airport Limited (DIAL) not only ensured changes in major development plan but also got away with 43 per cent escalation in cost of the project and midway changes in the funding pattern for the airport project.
According to Comptroller and Auditor General (CAG) report tabled in Parliament on Friday, out of the total capital expenditure of Rs. 12,857 crore (Airports Economic Regulatory Authority (AERA) has admitted Rs. 12502.86 crore for levy of development fee), the promoter’s equity has been Rs. 2450 crore, out of which 26 per cent (i.e. Rs. 637 crore) was contributed by AAI and 74 per cent (i.e. Rs.1813 crore) was contributed by the other JV partners.
17/08/12 Sujay Mehdudia/The Hindu

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Categories: airports Aug 2012