Pvt operators project Rs 148 cr less revenue for metro airports

New Delhi: The GMR-Fraport and GVK-SA led consortia that have bagged the modernisation mandate for Delhi and Mumbai airports have projected revenues of Rs 1,180 crore from the two airports during the current fiscal. This is Rs 148 crore lower than the Rs 1,328 crore revenue earned by the state-owned Airports Authority of India Ltd from Delhi and Mumbai in 2005-06.
The conservative estimates are surprising given the whopping 50% jump in domestic traffic in the first half of calendar year 2006. International traffic too has grown over 35% during the period.
“As the revenue paid till date is based on the business projections of the company, we expect the revenues to go up, when the actual receipts are calculated,” an AAI source said.
07/09/06 Atreyee Dev Roy/Financial Express

To Read the News in full at Source, Click the Headline