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Delhi International Airport seeks airport development fee extension
01 Jul 2011
1 Min Read
CW Team
GMR Infra controlled Delhi International Airport, is seeking an extension of the airport development fee (ADF), the proposal for which is pending with the Airports Economic Regulatory Authority, after banks refused to lend further. A consortium of lenders led by ICICI Bank has refused to lend capital citing its inability to service debt through the current revenue model.The company had originally started the project with an outlay of Rs 90 bn, and following changes in the design of the project, the cost shot up to Rs 128 bn. The firm has already deployed Rs 24.5 bn through equity and Rs 53 bn in debt at an average of about 11 percent.
Contact: Delhi International Airport (P) Ltd.
Tel: 0124-337 6000.
Contact: Delhi International Airport (P) Ltd.
Tel: 0124-337 6000.
GMR Infra controlled Delhi International Airport, is seeking an extension of the airport development fee (ADF), the proposal for which is pending with the Airports Economic Regulatory Authority, after banks refused to lend further. A consortium of lenders led by ICICI Bank has refused to lend capital citing its inability to service debt through the current revenue model.The company had originally started the project with an outlay of Rs 90 bn, and following changes in the design of the project, the cost shot up to Rs 128 bn. The firm has already deployed Rs 24.5 bn through equity and Rs 53 bn in debt at an average of about 11 percent.Contact: Delhi International Airport (P) Ltd.Tel: 0124-337 6000.
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