CAG slams development fee, concessional land to Delhi airport

Slamming the levy of development fee on passengers using Delhi Airport, the CAG today said the Civil Aviation Ministry violated the bid conditions for the benefit of GMR-led DIAL to the tune of over Rs3,415 crore and pressed fixing responsibility.
CAG in its audit report on Indira Gandhi International Airport that was tabled in Parliament, said DIAL can potentially earn Rs1,63,557 crore over a 60-year period from the land given to it on a lease of Rs100 per annum.
Allowing DIAL to levy Development Fee vitiated the sanctity of bidding process and led to undue benefit of Rs3,415.35 crore to the private firm, it said.
GMR Infrastructure holds 54% stake in Delhi International Airport Ltd (DIAL).
17/08/12 Daily News & Analysis

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Categories: airports Aug 2012