New Delhi: In a first, the government asked private metro airport developers to submit the estimated cost of major expansion works they are undertaking for a preliminary scrutiny. The idea was to ensure prudent costs (read, remove unnecessary hike in cost or “gold plating”) as the same would ultimately be recovered from passengers, directly in the form of higher user fee and indirectly as airline charges based on which fares are decided.
Three airports — Delhi, Hyderabad and Bangalore International Airport (DIAL, GHIAL and BIAL, respectively) — submitted their estimates to the Airports Economic Regulatory Authority (AERA), which has slashed the cost estimates that will be considered for tariff determination. Of the other two metros, Chennai airport is operated by state-run AAI and Mumbai’s Chhatrapati Shivaji Airport has already been developed to capacity.
AERA chairman S Machendranathan told TOI that DIAL had submitted an estimate of Rs 8,632 crore which has been cut 7.7% to Rs 7,969 crore. “GHIAL gave an estimate of Rs 2,224 crore which has been cut 17% to Rs 1,840 crore and BIAL’s estimate of Rs 10,000 crore was cut by 14% to Rs 8,600 crore. These are the amount which will be used for tariff determination,” the AERA chief said.
04/08/18 Times of India
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Three airports — Delhi, Hyderabad and Bangalore International Airport (DIAL, GHIAL and BIAL, respectively) — submitted their estimates to the Airports Economic Regulatory Authority (AERA), which has slashed the cost estimates that will be considered for tariff determination. Of the other two metros, Chennai airport is operated by state-run AAI and Mumbai’s Chhatrapati Shivaji Airport has already been developed to capacity.
AERA chairman S Machendranathan told TOI that DIAL had submitted an estimate of Rs 8,632 crore which has been cut 7.7% to Rs 7,969 crore. “GHIAL gave an estimate of Rs 2,224 crore which has been cut 17% to Rs 1,840 crore and BIAL’s estimate of Rs 10,000 crore was cut by 14% to Rs 8,600 crore. These are the amount which will be used for tariff determination,” the AERA chief said.
04/08/18 Times of India
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