)
“We’ll reach 36 million passengers in FY15 and have registered 11 per cent growth,” Jain said addressing participants at a Centre for Asia Pacific Aviation event here on Wednesday.
The airport plans to grow its cargo and duty-free sale revenue. “Duty-free sales now make up for 53 per cent of all non aeronautical revenue at the airport’s new terminal (T2),” Jain added. MIAL, a joint venture between Hyderabad-based GVK group-led consortium and the Airports Authority of India, is executing the Mumbai airport modernisation project.
Jain said a lack of regulatory clarity was impacting investor interest in the airport sector. According to him, the government should have a uniform policy for all upcoming projects. He added that the GVK group would be selective in bidding for airport projects.
“Regulations should encourage investment. Contrary to expectations, only four companies are bidding for the Navi Mumbai airport,” he noted.
MIAL is one of the four companies bidding for the Navi Mumbai project and has the right of first refusal for the project.
The civil aviation ministry has approved the hybrid-till model for the Navi Mumbai project. Under this model, a portion of non-aeronautical revenue (commercial revenue) at the airport is taken into consideration while fixing the landing and parking charges, user fees and other aeronautical charges.
Developers favour this model over the single-till model, which uses the entire non-aeronautical revenue to offset aeronautical charges.
