New Delhi: Non-aeronautical revenues of state aviation body, the Airports Authority of India (AAI), from the joint –venture, GMR-led Delhi International Airport Ltd (DIAL), have increased 300 times in the last five years, according to JV officials.
The AAI is entitled to 46 per cent share of revenues under an Operational, Management and Development agreement with DIAL.
"There has been a steady increase in non-aero revenues of DIAL, and hence increase in the revenue share of AAI, year-over-year from Rs323 crore in 2006-07 to Rs797 crore in 2010-11 and estimated to be Rs1,052 crore in the current financial year 2011-12, registering a growth of more than 300 per cent in the last five years," a senior DIAL official said.
Non-aeronautical revenues accrue from space rentals, service charges, concession fees, retail space such as duty free shops, cafes, spas bars and other passenger-related services.
The officials dismissed charges that the joint venture operation at Delhi airport had led to revenue loss for the state-run AAI.
The official also debunked reports that total cost of construction of the new Terminal-3 building overshot the budget by over $2 billion (Rs8,955 crore), pointing out that the budget remained at $2.8 billion.
The official pointed out that it was not possible to overshoot the budget to such an extent as DIAL's board of directors also includes nominees of the AAI and the ministry for civil aviation.
It is the board which approves any increase in project cost, he said.