Economic regulatory body for airports soonAugust 29th, 2008 - 4:24 pm ICT by IANS
New Delhi, Aug 29 (IANS) India will soon have an economic regulatory body to regulate tariff structure for aeronautical services and fuel supply infrastructure at airports.The government Friday approved amendments in the Airports Economic Regulatory Authority of India Bill, 2007.
The cabinet meeting, chaired by Prime Minister Manmohan Singh, approved the amendments following the recommendations of a parliamentary committee.
The committee had recommended, among other things, empowering the airport regulatory authority to decide on aeronautical and non-aeronautical services tariff, and regulate fuel supply infrastructure at airports.
“The official amendments will enable setting up of Airports Economic Regulatory Authority (AERA),” Science and Technology Minister Kapil Sibal told reporters after the meeting.
“AERA will fix, review and approve tariff structure for aeronautical services and also monitor pre-set performance standards at Indian airports,” he said.
Sibal said the amended Bill, currently pending in the Lok Sabha, the lower house of parliament, would be tabled in the house for approval when its next session begins Oct 17.