(i) In-kind Cost Share, valued at US$ 196,866 for international roundtrip air travel on Indian air carriers between the US and India and in-country ground transportation for the Contractor during the duration of the assistance; and
(ii) Cash Cost Share - US $ 250000
The International Civil Aviation Organization (ICAO) had raised certain safety concerns about Indian aviation in its 2012 audit. Following this the Federal Aviation Administration ( FAA) of USA carried out an International Aviation Safety Assessment (IASA) audit in September 2013 and a review in December 2013, and India was assigned Category 2 rating in January 2014.
In March 2014, United States Technical Development Agency (USTDA) in coordination with FAA approached DGCA and offered assistance under a USTDA Grant Agreement project to address the FAA IASA findings and help restore Category 1 status to India. Under the Grant Agreement, US based Contractor 'The Wicks Group'(TWG) assisted DGCA in addressing the findings and prepared for a reassessment by FAA in December 2014. Based on this reassessment and a follow-up visit in March 2015, India's Category 1 status was restored in April 2015.
Phase II of the current project is aimed at sustaining efforts undertaken during 2014 for restoration of IASA Category 1 status and bringing in more systemic improvements in the area of operation, airworthiness and licensing. It will include components on General Aviation and Business Aviation .
Powered by Capital Market - Live News