Bengaluru: Bangalore International Airport Ltd (BIAL), which operates the Kempegowda International Airport, has sought a continuance of User Development Fee (UDF) at the current level saying that any reduction in the fee structure will hurt the airport's proposed expansion plans worth Rs 120 billion.
While recent news reports have suggested that there is a likelihood of a reduction in UDF by Airports Economic Regulatory Authority of India (AERA), there is no formal notification from the regulator yet.
"It is our appeal to AERA to continue with the current level of user development fee. This will help us to fund our expansion plans. If the UDF is reduced, it will definitely hurt these plans," said MD & CEO of BIAL, Hari K Marar.
01/08/18 Debasis Mohapatra/Business Standard
To Read the News in full at Source, Click the Headline
While recent news reports have suggested that there is a likelihood of a reduction in UDF by Airports Economic Regulatory Authority of India (AERA), there is no formal notification from the regulator yet.
"It is our appeal to AERA to continue with the current level of user development fee. This will help us to fund our expansion plans. If the UDF is reduced, it will definitely hurt these plans," said MD & CEO of BIAL, Hari K Marar.
01/08/18 Debasis Mohapatra/Business Standard
0 comments:
Post a Comment