GMR said huge investment on upgrading a deficient infrastructure, whopping rise in traffic and operational cost are prompting it to pitch for a hike in airport tariff.
Declaring a loss of Rs229 crore for DIAL in Q3 of this fiscal year, GMR on Wednesday said huge investment on upgrading a deficient infrastructure, whopping rise in traffic and operational cost are prompting it to pitch for a hike in airport tariff.
"Our airports lacked investments in every aspect --terminal facilities like X-ray, baggage screening, check-in, aerobridges, retail, airside and cityside (access road, metro etc). Our job was both capacity enhancement and adding quality," said a senior Delhi International Airport Limited (DIAL) official not wishing to be named.
He said the charges at the airport have not been increased since 2009, when the Airport Economic Regulatory Authority (AERA) became functional.
"Since 2000, the tariff at IGI airport was increased only once by 10 per cent in 2009 as compared to the consumer price index which went up by 200 per cent. As of today, airport charges at IGI is among the lowest compared to similar airports worldwide," the official said, making a case for a hike in airport tariff.
The aeronautical tariff rates are less than half compared to that in Bangkok, Hong Kong or Singapore. It is just 15 per cent of the tariff being charged at the airports in London, Toronto and Narita, he said.
DIAL continued to post losses due to the pending tariff revision, he claimed adding that this forced it to strongly pitch for a one-time jump of a hefty 874 per cent in tariff rates for a 5-year period from 2009-10 to 2013-14.
GMR on Wednesday announced that DIAL posted a loss of Rs229 crore in the third quarter of this financial year. The company's runs four airports -- one each in Delhi and Hyderabad and two abroad at Istanbul and Male in Maldives.
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