27 February,2009 03:57 PM IST | | IANS
The government on Friday gave its nod for a development fee on air passengers travelling out of Mumbai airport, who will have to pay Rs 100 per trip for domestic flights and Rs 600 for flights abroad.
The approval comes after a similar decision for passengers flying out of Delhi. The GMR-led consortium that is developing Delhi's Indira Gandhi International Airport will get the extra amount for three years from March 1.
In the case of the developers of Mumbai's Chhatrapati Shivaji International Airport, the GVK-led consortium, the development fee levy comes into effect from April 1 for a period of four years, an official statement said.
However, as in the case with the developers of Delhi airport, the government or the designated regulatory authority will review the development fee after six months, the statement added.
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"The amount collected through the development fee would under no circumstances exceed the ceiling of Rs 1,543 crore and in case of any cost escalation beyond Rs 9,802 crore," it said.
"The amount representing the escalation would have to be brought in by Mumbai International Airport Ltd (MIAL) through other sources. The ceiling amount would be exclusive of taxes, if any."
