Eyeing $60 bn spend on airports, Maha govt takes Mumbai airport fiasco lessons to heart
Airports Economic Regulatory Authority of India (AERA), which is a tariff regulator for aeronautical services charged by the airports, has now asked all the stakeholders to offer their comments on a study which was done in order to ascertain a Fair Rate of Returns (FRoR) for upcoming airport projects.
At a time when delays in land acquisition for Navi Mumbai International Airport (NMIA) has escalated its cost to around Rs 17,000 crore- a whopping 250% increase. Image source: PTI