Mumbai airport to overshoot capacity by 2015

New Delhi : The much drummed up modernisation of Mumbai’s Chhattrapati Shivaji International (CSI) Airport will not help much as it will be oversaturated in handling passenger traffic by the next year because of faulty design, says one of the 11 Comptroller and Auditor General (CAG) reports tabled in Parliament on Friday.

Its maximum capacity after expansion is 40 million passengers per annum (mppa) while that much will be the traffic by 2015 itself, rising to 80 mppa by 2026.

“Thus even after modernisation and upgradation of CSI Airport, Mumbai, the airport would be unable to meet the demand of passengers. The problem is expected to be compounded with the delay in development of the second airport at Navi Mumbai,” says the CAG report.

MIAL levied development fee on passengers in violation of contract: CAG

New Delhi: A comptroller and auditor general report on the Mumbai International Airport Ltd, tabled in Parliament on Friday, accused the private joint-venture partner of levying development fee of more than Rs 3,400 crore on passengers to fill up funding gaps, which was not part of the original agreement.

As per the initial agreement with Airports Authority of India and the private joint venture partner, the project cost of Rs 5,826 crore was to be financed entirely through equity, internal accruals and debt. However, the development fee levied on the passengers accounted for 29.19% of project funding while the equity stake of the private partners of Mumbai International Airport Ltd (MIAL) at Rs 888 crore contributed a mere 7.6%.

Holes in PPP Model for Mumbai Airport

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 asks for review of Mumbai airport operator MIAL's performance

The Comptroller and Auditor General (CAG) has asked the government to review GVK-led Mumbai International Airport (MIAL) performance and continuously monitor its financing pattern, saying the project cost had doubled and the funding gap was being filled up by passengers through development fee.
CAG pilloried the public-private partnership (PPP) model for the airport, saying risks had not been properly transferred to the private party and castigated Civil Aviation Ministry for granting extensions to the project, delayed by four years, and not penalising the Mumbai airport operator for it.
In a report tabled in Parliament, CAG said: "There is a strong case for government to critically review the outcomes from the PPP arrangement in MIAL ... and protect the interests of government and passengers."

MIAL takes steps to prepare new airport terminal for monsoon

Mumbai: With a view to provide hassle- free movement to passengers across the new terminal (T2) at the Chhatrapati Shivaji International Airport, the airport operator Mumbai International Airport Limited (MIAL) has undertaken a slew of measures ahead of monsoons.
This will be the first monsoon for the new terminal building, which has been appreciated for  its modern design but also criticised for being infested with  mosquitoes.