The Aviation Ministry is considering auctions for its future airport contracts to private operators after setting fixed tariffs. This move may enhance the number of potentially serious bidders and shield passengers against arbitrary increases in user fees.
The process to amend the AERA Act has been started by the aviation ministry. AERA is authorised to regulate Indian airports, and fix tariffs at all major airports, that have an annual footfall of at least 1.5 million passengers. Reports indicate that AERA and Aviation Ministry officials have already held a meeting, with AERA approving the proposal. This move will usher in transparency into the sector, and help the government to bring in as much clarity in bids as possible.
Leave a Reply
You must be logged in to post a comment.