New Delhi: Private airport developers will have to progressively reduce landing and parking charges for domestic and international airlines as they recover their investment from the projects with the civil aviation ministry preparing a proposal to amend rules.
"After initial investment, private developers would have to reduce airport charges as they are expected to get returns and benefits must kick in thereafter," an official told Mail Today on condition of anonymity." If we don't amend the rules, private airport developers would continue hiking airport charges, which would be detrimental to the aviation industry," said an official.
The carry- forward losses for a five- year period between 2011- 12 and 2016- 17 for airports due to expenditure on new infrastructure that have to be recovered are: Kolkata airport ` 600 crore, Chennai ` 100 crore, Jaipur ` 350 crore, Lucknow ` 150 crore, Guwahati ` 95 crore and Ahmedabad ` 47 crore. The ministry feels that all the airports that are to be privatised will over the period reduce their airport charges if its proposal is approved.
Read news in full 26/12/13 India Today
Saturday 28 December 2013
Rocketing charges at airports on govt radar
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