Chennai: A government audit report released recently shows that the many delays that marred the Rs. 2,000-crore Chennai airport expansion project, have caused massive losses to taxpayers.
“The report has slammed the various delays in the project and the losses we have incurred owing to it. It shows that there was a loss of interest of nearly Rs. 48 crore due to the delay in the commissioning of the new international terminal alone. Plus, there was a loss of revenue of over Rs. 37 crore due to the delay in the constructions of both the new terminals,” said an official of the Airports Authority of India (AAI).
The original cost of the expansion project was Rs. 1,808 crore, but it ballooned to Rs. 2,000 crore over the course of two years.
“There has been loss of interest of about Rs. 190 crore over the secondary runway. And this, the report says, is because some advice from the Directorate General of Civil Aviation was not taken into consideration. Similarly, since some instructions were not followed in the new fire station project, there has been a loss of about Rs. 3 crore there. The report also shows that the new domestic terminal was capitalised several months ahead of its actual commissioning, which is wrong,” the official said.
14/09/13 Sunitha Sekar/The Hindu
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“The report has slammed the various delays in the project and the losses we have incurred owing to it. It shows that there was a loss of interest of nearly Rs. 48 crore due to the delay in the commissioning of the new international terminal alone. Plus, there was a loss of revenue of over Rs. 37 crore due to the delay in the constructions of both the new terminals,” said an official of the Airports Authority of India (AAI).
The original cost of the expansion project was Rs. 1,808 crore, but it ballooned to Rs. 2,000 crore over the course of two years.
“There has been loss of interest of about Rs. 190 crore over the secondary runway. And this, the report says, is because some advice from the Directorate General of Civil Aviation was not taken into consideration. Similarly, since some instructions were not followed in the new fire station project, there has been a loss of about Rs. 3 crore there. The report also shows that the new domestic terminal was capitalised several months ahead of its actual commissioning, which is wrong,” the official said.
14/09/13 Sunitha Sekar/The Hindu
