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PAC draft report flag concerns over Delhi airport JV

Press Trust of India  |  New Delhi 

The Public Accounts Committee has raised concerns about various operational aspects of the airport in its draft report, which is yet to be approved by all the panel members.

The International Airport (IGIA) is operated by DIAL -- a public private partnership where the majority stake is owned by group. The other stakeholders are state-owned AAI and Germany's Fraport AG.

In the draft report, prepared by the committee, concerns have been raised about various aspects of the venture, including about use of land, shrinkage of space for passengers and share of received by AAI, sources said.

The committee, chaired by senior leader K V Thomas, has prepared the draft report titled 'Implementation of Public Private Partnership -- IGIA, Delhi', they added.

Sources said the PAC today postponed adoption of the report related to international airport amid stiff opposition from the members, led by Nishikant Dubey.

With differences persisting, the report is unlikely to be tabled in the current session of Parliament that ends on April 12, they added.

DIAL (International Airport Ltd) is running the airport under Operation, Management and Development Agreement (OMDA) with AAI, which has 26 per cent stake in the three-way venture.

Sources said the committee found that there has been a steady increase in AAI's for six years starting 2006- 07 but the momentum tapered in 2013-14 even as the total revenues earned by DIAL was on an upswing.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 17 2017. 21:13 IST