Log has written
SUNDAY, NOVEMBER 29, 2009 3:50 PM IST
Bial will break even in 5 years if allowed to charge user fee
There is nothing called annual capacity. Peak-hour capacity (is what matters).
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Why on earth should a huge infrastructure project like an airport, be designed in such a way tht it "breaks even" in 5 years ? They shd target a break even in 20-30 years and thats the way all infrastructure projects operate all over the world. Here, the idea is tht they have to be a "monopoly" and that they must be able to do everything on their own terms. Good to see tht Mr. Brunner is not even making an iota of effort to hide the fact tht this is a real-estate money making enterprise. I wud propose tht the govt: treat BIAL not as a public service utility but as a profit making enterprise and hence, revoke all the orders waivering stamp duty, tax, levy etc and must not give it the status of an SEZ. They shd also open HAL airport immediately and all low cost airlines must be operating out of HAL. Theres no other way to protect public interest.
Raghu
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