New Delhi: The Comptroller & Auditor General of India (CAG) report
has asked the government to critically review the Mumbai airport
operator MIAL performance and continuously review the financing pattern
of MIAL.
In its report on the implementation of the Public-Private Partnership (PPP) model at Mumbai airport, CAG raised the question over the PPP model saying that the risk had not been appropriately transferred to the private party and funding gap was largely absorbed by the passengers through levy of Development Fee.
“There is a strong case for the government to critically review the outcomes from PPP arrangement in MIAL in line with the findings in this report and recommendations of PAC in the report on implementation of PPP in IGI airport Delhi and protect the interests of government and passengers duly ensuring sanctity of various agreements.”
CAG noted that the project has been delayed by four years with tardy progress noticed in mandatory capital projects but MIAL had not been penalised and the Ministry of Civil Aviation instead, approved extensions and agreed to reschedule the projects across the different phases.
Read news in full 19/07/14 New Indian Express
In its report on the implementation of the Public-Private Partnership (PPP) model at Mumbai airport, CAG raised the question over the PPP model saying that the risk had not been appropriately transferred to the private party and funding gap was largely absorbed by the passengers through levy of Development Fee.
“There is a strong case for the government to critically review the outcomes from PPP arrangement in MIAL in line with the findings in this report and recommendations of PAC in the report on implementation of PPP in IGI airport Delhi and protect the interests of government and passengers duly ensuring sanctity of various agreements.”
CAG noted that the project has been delayed by four years with tardy progress noticed in mandatory capital projects but MIAL had not been penalised and the Ministry of Civil Aviation instead, approved extensions and agreed to reschedule the projects across the different phases.
Read news in full 19/07/14 New Indian Express
No comments:
Post a Comment