Private players have a pivotal role in the modernisation of airports. Timely determination of policy framework with respect to user development fee for the airports involving PPP will serve as the primary force for drawing private developers.
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There is no unpredictability in our regulation
What role does the regulator have to play in an environment where the airlines and the airports would all like to raise tariffs and expand business? Yashwant Bhave, Chairman, Airport Economic Regulatory Authority of India (AERA),explains how his team determines tariffs and development fees, and why it is fair on everybody.