Bangalore: Declining to give higher equity participation, the state cabinet on Friday permitted the shareholders of Bengaluru International Airport (BIA) to increase the user development fee (UDF) for both domestic and international passengers to mop up revenue.
BIA's shareholders - GVK (43%), Siemens (26%), Zurich Airport (5%), Airports Authority of India and Karnataka State Industrial and Infrastructure Development Corporation ( KSIIDC) (13% each) - had sought additional Rs 150 crore equity participation from the state government.
Law minister TB Jayachandra told reporters that the shareholders had sought to the increase following expansion and other infrastructure development at BIA. However, the government asked them to mop up revenue by increasing UDF on a par with Rajiv Gandhi International Airport, Hyderabad.
RGIA charges UDF of Rs 430 for domestic and Rs 1,700 for international passengers. BIA charges Rs 231 for domestic and Rs 952 for international passengers.
Read News In Full 23/08/13 Times of India
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