Civil aviation ministry hosts stake-holders conference on regional connectivity scheme

Image
ANI New Delhi [India]
Last Updated : Nov 12 2016 | 3:07 PM IST

The Ministry of Civil Aviation hosted a stake-holders conference/pre-bidding meeting at the India Habitat Centre here on Friday.

The aim of the conference was to review progress of the regional connectivity scheme (RCS) -UDAN launched by Civil Aviation Minister P. Ashok Gajapathi Raju on October 21.

The objective of the RCS is to facilitate/ stimulate regional air connectivity by making it affordable. Regional air connectivity is envisaged to reduce the cost of airline operation on RCS routes and financial (viability gap funding i.e. VGF) support to meet the gap, if any, between cost of airline operation and expected revenue on such routes.

A selected airline operator will be identified to operate on RCS route or network, on the basis of evaluation of initial proposal(s) and counter proposal(s) for VGF, received from airline operators who are having valid Air Operator Permit issued by DGCA.

The Airports Authority of India (AAI) has been designated as the implementing agency under the scheme.

Notice Inviting Proposals (NIP) for first round has been issued and published in newspapers. The proposal due date (PDD) is on December 12, 2016 up to 5.30 p.m.

The presentation on RCS-UDAN was made by Jayant Sinha, Minister of State for Civil Aviation and R.N.Choubey, Secretary, Civil Aviation.

The MSTC who was engaged for development of e-bidding portal for RCS-UDAN made presentation on e-bidding process during the conference. The views of state governments were also taken in the conference.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 12 2016 | 3:07 PM IST

Next Story