The Airports Economic Regulatory Authority's (AERA) has decided to halve Airport Development Fee (ADF) for all passengers departing Delhi airport. This will be effective from January 1. The GMR-led consortium had levied the Development Fee to bridge a funding gap in the airport development project. The levy, now halved, will continue for two more years. Total ADF to be collected till 2016 stands at Rs 1,413 crore.
A similar reduction is now expected at the Mumbai airport which operates on a PPP model with GVK-led consortium.
Now, a domestic departing passenger will pay Rs 100 as development fee instead of Rs 200. Similarly, an international departing passenger's cost towards this fee has reduced from Rs 1300 to Rs 650. Speaking to CNBC-TV18, Sidharath Kapur, chief financial officer-airports, GMR Group said ADF revision will not impact their P&L accounts in the short term.
31/12/12 CNBC-TV18/moneycontrol.com
