Delhi airport got Rs.1,199 crore in development fee

February 24th, 2011 - 5:32 pm ICT by IANS  

New Delhi, Feb 24 (IANS) Delhi International Airport Limited (DIAL) which operates the Indira Gandhi International Airport here has collected Rs.1,199 crore in development fee till January 2011, Civil Aviation Minister Valayar Ravi informed the Lok Sabha Thursday. “So far funds of Rs.1,199.54 crore has been collected up to the month of January 2011 by M/s Delhi International Airport Pvt. Ltd. (DIAL) at IGI Airport through development fee,” Ravi said in a written reply.

The government had approved a levy of development fee of about Rs.1,300 per departing international passenger and Rs.200 per departing domestic passenger from March 1, 2009, he said.

The development fee is for a period of 36 months, which would be used to bridge the funding gap of Rs.1,827 crore in the development of the IGI airport.

“Funds collected through the levy can be utilised only for the construction of such aeronautical assets which will be transferred by DIAL to AAI (Airports Authority of India) upon completion of lease period,” he said.

Meanwhile, AAI gets 45.99 percent of the gross revenue earned by DIAL.

DIAL is a joint venture consortium led by GMR Group, which has a majority holding of 54 percent, followed by state-run Airports Authority of India (AAI) with 26 percent and Fraport AG and Eraman Malaysia with 10 percent each.

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