MIAL seeks nod to levy airport development fee

MIAL seeks nod to levy airport development fee
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First Published: Sat, Feb 21 2009. 12 05 AM IST
Updated: Sat, Feb 21 2009. 12 05 AM IST
Mumbai: Mumbai International Airport Ltd, owned by India’s GVK Group, is seeking government approval to levy development fees on departing passengers to bridge an investment shortfall, managing director G.V. Sanjay Reddy said.
The operator of Mumbai airport has tied up Rs4,200 crore in loans and requires an additional Rs2,000 crore, Reddy said on Friday.
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First Published: Sat, Feb 21 2009. 12 05 AM IST