CAG rubbishes ministry objections on Delhi airport report

New Delhi: Officers at the Comptroller & Auditor General (CAG) have brushed aside charges leveled by the Ministry of Civil Aviation in a letter it wrote this June over the scathing report on Indira Gandhi International Airport.
In the letter, the Ministry had called the CAG report, which was tabled in Parliament today, full of inaccuracies and said that CAG’s audit will damage the Public Private Partnership (PPP)/Infrastructure development in the country. But CAG officials punched holes in almost every observation in the ministry’s June letter, which were repeated in a late evening press statement by the ministry.
So is the CAG being unnecessarily critical or did the ministry’s June letter come merely as a matter of routine and did not attempt to defend the airport concession agreement which was awarded when Praful Patel was the Civil Aviation Minister in 2006?
The ministry says that the calculation of presumptive gain from the commercial use of land at the Indira Gandhi International Airport (IGIA) is “totally erroneous and misleading” as it simply adds the nominal value of the projected revenue, without taking the net present value.
17/08/12 Sindhu Bhattacharya/First Post

To Read the News in full at Source, Click the Headline

Categories: airports Aug 2012