New Delhi: The TDSAT ruling on Delhi airport tariff provides clarity on issues pending for the last six years, GMR Infrastructure said today even as the appellate tribunal decided to leave the rates unchanged for now.
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) ruling on Monday came on appeals filed against AERA order by Delhi International Airport Ltd (DIAL).
Delhi airport is operated by DIAL, a joint venture where GMR is the majority stakeholder.
The tariffs for the airport were last revised in 2012 when Airports Economic Regulatory Authority (AERA) allowed hiking charges by 346 per cent as against 775 per cent sought by the private operator. The 2012 order was also challenged by airlines.
According to a regulatory filing by GMR Infrastructure, the tribunal has upheld the principles of Operation Management and Development Agreement (OMDA) and State Support Agreement (SSA) relating to the airport venture.
With regard to the rate of return of 16 per cent allowed by AERA for first control period, AERA "may re-do the exercise through a scientific and objective approach, independently of any observation in the third control period. The Civil Aviation Ministry had advised AERA to consider return on equity of 18.5 to 20.5 per cent," as per the filing.
24/04/18 PTI/Times of India
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The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) ruling on Monday came on appeals filed against AERA order by Delhi International Airport Ltd (DIAL).
Delhi airport is operated by DIAL, a joint venture where GMR is the majority stakeholder.
The tariffs for the airport were last revised in 2012 when Airports Economic Regulatory Authority (AERA) allowed hiking charges by 346 per cent as against 775 per cent sought by the private operator. The 2012 order was also challenged by airlines.
According to a regulatory filing by GMR Infrastructure, the tribunal has upheld the principles of Operation Management and Development Agreement (OMDA) and State Support Agreement (SSA) relating to the airport venture.
With regard to the rate of return of 16 per cent allowed by AERA for first control period, AERA "may re-do the exercise through a scientific and objective approach, independently of any observation in the third control period. The Civil Aviation Ministry had advised AERA to consider return on equity of 18.5 to 20.5 per cent," as per the filing.
24/04/18 PTI/Times of India
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