Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-trace').style.display = (document.getElementById('cakeErr68049e0f98e80-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68049e0f98e80-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-code').style.display = (document.getElementById('cakeErr68049e0f98e80-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-context').style.display = (document.getElementById('cakeErr68049e0f98e80-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68049e0f98e80-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Times of India
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The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;
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&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;
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In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;
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The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;
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The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;
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Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;
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The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;
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According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Times of India&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.&lt;/div&gt;&#039;,
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-The Times of India
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&lt;br /&gt;
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The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.
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	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 18 August, 2012, http://timesofindia.indiatimes.com/india/4800-acre-government-land-leased-to-DIAL-at-Rs-100-per-annum/articleshow/15538675.cms&#039;,
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Times of India&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.&lt;/div&gt;&#039;
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on..."/>
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                <strong>4,800 acre government land leased to DIAL at Rs 100 per annum</strong></h1>
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                <div style="text-align: justify">-The Times of India</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL's share would be Rs 88,337 crore, the report said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In fact, the government auditor points out that &quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report says that flyers will pay more towards funding the airport than the promoters! &quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter's equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium's share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&quot; the performance report says.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government's move to grant DIAL a 'unilateral' right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&quot; the report says.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Similarly, DIAL's right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&quot; the report notes.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI's slackness on this front led to a loss of interest of Rs 58.57 crore.</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-trace').style.display = (document.getElementById('cakeErr68049e0f98e80-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68049e0f98e80-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-code').style.display = (document.getElementById('cakeErr68049e0f98e80-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-context').style.display = (document.getElementById('cakeErr68049e0f98e80-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68049e0f98e80-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Times of India
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The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;
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&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;
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In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;
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The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;
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The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;
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Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;
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The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;
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According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Times of India&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;4,800 acre government land leased to DIAL at Rs 100 per annum&#039;,
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-The Times of India
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The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;
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&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;
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In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;
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The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;
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&lt;br /&gt;
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The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;
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&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;
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&lt;br /&gt;
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The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;
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According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.
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$metaTitle = &#039;LATEST NEWS UPDATES | 4,800 acre government land leased to DIAL at Rs 100 per annum&#039;
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Times of India&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.&lt;/div&gt;&#039;
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on..."/>
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                <strong>4,800 acre government land leased to DIAL at Rs 100 per annum</strong></h1>
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                <div style="text-align: justify">-The Times of India</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL's share would be Rs 88,337 crore, the report said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In fact, the government auditor points out that &quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report says that flyers will pay more towards funding the airport than the promoters! &quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter's equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium's share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&quot; the performance report says.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government's move to grant DIAL a 'unilateral' right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&quot; the report says.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Similarly, DIAL's right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&quot; the report notes.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI's slackness on this front led to a loss of interest of Rs 58.57 crore.</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-trace').style.display = (document.getElementById('cakeErr68049e0f98e80-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68049e0f98e80-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-code').style.display = (document.getElementById('cakeErr68049e0f98e80-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049e0f98e80-context').style.display = (document.getElementById('cakeErr68049e0f98e80-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68049e0f98e80-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Times of India
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The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;
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&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;
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In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;
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The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;
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The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;
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Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;
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The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;
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According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Times of India&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.&lt;/div&gt;&#039;,
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-The Times of India
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The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;
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&lt;br /&gt;
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&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;
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&lt;br /&gt;
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In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;
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&lt;br /&gt;
&lt;/div&gt;
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Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;
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The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;
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&lt;br /&gt;
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According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Times of India&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &amp;mdash; the government&#039;s joint venture with the Hyderabad-based GMR Group &amp;mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL&#039;s share would be Rs 88,337 crore, the report said.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&amp;quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In fact, the government auditor points out that &amp;quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The report says that flyers will pay more towards funding the airport than the promoters! &amp;quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter&#039;s equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium&#039;s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&amp;quot; the performance report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The government&#039;s move to grant DIAL a &#039;unilateral&#039; right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &amp;quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&amp;quot; the report says.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Similarly, DIAL&#039;s right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &amp;quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&amp;quot;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &amp;quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&amp;quot; the report notes.&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &amp;quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&amp;quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI&#039;s slackness on this front led to a loss of interest of Rs 58.57 crore.&lt;/div&gt;&#039;
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on..."/>
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                <strong>4,800 acre government land leased to DIAL at Rs 100 per annum</strong></h1>
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                <div style="text-align: justify">-The Times of India</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL's share would be Rs 88,337 crore, the report said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In fact, the government auditor points out that &quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report says that flyers will pay more towards funding the airport than the promoters! &quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter's equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium's share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&quot; the performance report says.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government's move to grant DIAL a 'unilateral' right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&quot; the report says.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Similarly, DIAL's right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&quot; the report notes.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI's slackness on this front led to a loss of interest of Rs 58.57 crore.</div>               </font>
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-The Times of India
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<div style="text-align: justify">
<br />
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The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL's share would be Rs 88,337 crore, the report said.&nbsp;
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&quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&nbsp;
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In fact, the government auditor points out that &quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&quot;&nbsp;
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The report says that flyers will pay more towards funding the airport than the promoters! &quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter's equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium's share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&quot; the performance report says.&nbsp;
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The government's move to grant DIAL a 'unilateral' right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&quot; the report says.&nbsp;
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Similarly, DIAL's right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&quot;&nbsp;
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The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&quot; the report notes.&nbsp;
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According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI's slackness on this front led to a loss of interest of Rs 58.57 crore.
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on...',
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	'title' => '4,800 acre government land leased to DIAL at Rs 100 per annum',
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-The Times of India
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL's share would be Rs 88,337 crore, the report said.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In fact, the government auditor points out that &quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&quot;&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The report says that flyers will pay more towards funding the airport than the promoters! &quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter's equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium's share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&quot; the performance report says.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The government's move to grant DIAL a 'unilateral' right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&quot; the report says.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Similarly, DIAL's right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&quot;&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&quot; the report notes.&nbsp;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI's slackness on this front led to a loss of interest of Rs 58.57 crore.
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-The Times of India





The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on...'
$disp = '<div style="text-align: justify">-The Times of India</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) &mdash; the government's joint venture with the Hyderabad-based GMR Group &mdash; on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL's share would be Rs 88,337 crore, the report said.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum,&quot; it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In fact, the government auditor points out that &quot;whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report says that flyers will pay more towards funding the airport than the promoters! &quot;Out of the total capital expenditure of Rs 12,857 crore, the promoter's equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium's share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore,&quot; the performance report says.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The government's move to grant DIAL a 'unilateral' right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. &quot;Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA,&quot; the report says.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Similarly, DIAL's right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. &quot;This provision thwarts competition and provides DIAL with a natural advantage on the second airport.&quot;&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. &quot;Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost,&quot; the report notes.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. &quot;This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer.&quot; Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI's slackness on this front led to a loss of interest of Rs 58.57 crore.</div>'
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4,800 acre government land leased to DIAL at Rs 100 per annum

-The Times of India The Comptroller and Auditor General of India has questioned giving Indira Gandhi International Airport land totaling 4,800 acres to Delhi International Airport Pvt Ltd (DIAL) — the government's joint venture with the Hyderabad-based GMR Group — on a lease rent of Rs 100 per annum, apart from a one-time fee of Rs 6.19 crore for 190.19 acres. Of this land, 240 acres worth Rs 24,000 crore would be commercially exploited with a revenue potential of Rs 163,557 crore over next 58 years in which DIAL's share would be Rs 88,337 crore, the report said.  "Audit would like to draw attention to the fact that this is part of the land handed over to DIAL at a lease rent of Rs 100 per annum," it said in a report tabled in Parliament on Friday, adding that the Airports Authority of India had leased land to other government agencies at much higher rates.  In fact, the government auditor points out that "whenever DIAL has raised an issue regarding revenue to accrue to it or expenditure to be debited to the government in contravention of the provisions of OMDA (operation, maintenance, development agreement), the ministry and AAI have always ruled in favour of operators and against the government interest."  The report says that flyers will pay more towards funding the airport than the promoters! "Out of the total capital expenditure of Rs 12,857 crore, the promoter's equity has been Rs 2,450 crore out of which 26% (Rs 637 crore) was contributed by AAI and 74% (Rs1,813 crore) by the other JV partners... Thus with an equity contribution of Rs 2,450 crore out of which the private consortium's share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition commercial rights of land valued at Rs 24,000 crore with a potential earning capacity of, according to its own estimates, Rs 163,557 crore," the performance report says.  The government's move to grant DIAL a 'unilateral' right to extend the concession period for another 30 years on identical terms and conditions, has also drawn fire. "Such a sweeping provision, without any scope of review at any time during the currency of the concession period, has effectively granted DIAL the sole right to operate the airport for a period of 60 years with the terms and conditions frozen in the OMDA," the report says.  Similarly, DIAL's right of first refusal for a second airport coming up within a 150-km radius of IGI has been questioned. Under this provision, DIAL can bid for any such airport and would get the right to match the highest bid if its own quotation is within 10% of the same. "This provision thwarts competition and provides DIAL with a natural advantage on the second airport."  The auditor has found that DIAL constructed 17.8% more than the permitted ground floor area of 470,179 square metres at IGI. "Neither MOCA (aviation ministry) nor AAI took any action for such gross violation of the master plan and the consequent increase in the project cost," the report notes.  According to the original PPP plan for Delhi airport, DIAL was to procure all security equipment at its own cost. But the ministry allowed this cost to be met from a passenger security fee that flyers pay at the time of booking air tickets. "This resulted in undue favour to DIAL which led to a loss of Rs 239.69 crore during 2006-11 to the public exchequer." Delay in payment of retirement compensation of Rs 250.88 crore to AAI employees and then AAI's slackness on this front led to a loss of interest of Rs 58.57 crore.