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Parliament clears AERA Bill which allows to bid out new airports at pre-determined tariff structure

By PTI
|

New Delhi, Aug 2: Parliament on Friday passed a bill to allow the Airports Economic Regulatory Authority of India (AERA) to bid out any new airport at a pre-determined tariff structure.

Parliament

While Rajya Sabha had given its nod to the bill earlier, it was passed by Lok Sabha on Friday by a voice vote.

Currently, major airports with an annual capacity to handle one-and-a-half million passengers come under the purview of Airports Economic Regulatory Authority of India (AERA).

[Airports Economic Regulatory Authority of India (Amendment) Bill, 2019: Explained]

Now with the amendments getting parliamentary nod, the definition of major airports would be changed to any aerodrome which has or is designated to have annual passenger capacity of three-and-a-half million.

PTI

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