DIAL responsible for raising funds to develop airport: CAG

New Delhi: Defending its findings on Delhi airport, the Comptroller and Auditor General (CAG) on Friday said it was the responsibility of the joint venture company DIAL to mobilise resources for the entire airport expansion and modernisation process.
"What we have pointed out, is that as per the Operation Management Development Agreement (OMDA), it is responsibility of the Joint Venture Consortium (JVC) to bring in adequate debt and equity to finance the capital project.
"So from that point of view, we have said that the levy of development fees violates the provisions of OMDA. That aspect was not considered before the Supreme Court at all," CAG Director General Gautam Guha told reporters here.
17/08/12 Daily News & Analysis

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Categories: airports Aug 2012