May 24, 2012
Jyeshtha Shukla 3, Kaliyug Varsha 5114

Congress has more speed of 'doing scams' than development works in India. Now Congress should be renamed as 'Fastest Scam Express' !

New Delhi : The Comptroller and Auditor General of India (CAG) hinted in its report on the Delhi airport modernisation project that the government had given out prime land that will fetch Rs. 1.63 lakh crore to its private sector partner, Dial. The CAG report — accessed by HT but not yet tabled in Parliament — said the company had got 4,799.09 acres of land on a Rs. 100 annual lease rent for 60 years for an equity contribution of only Rs. 1,813 crore. (Now this news once again focuses on the fact that Congress is ruling this country only to loot national wealth again and again. When we are going to wake up ? If such would have been situation in any other country, there would have been immediate revolution by the citizens.)

A Dial spokesperson, however, said, “We are not privy to the findings of the report and, therefore, not in a position to respond to it at present.”

What’s more, the operations, management and development deal signed by the Airports Authority of India permitted the company to utilise 5% of the land for commercial exploitation. Consultancy firm Merrill Lynch had worked out the valuation of the land at Rs. 100 crore an acre.

“Thus, the total current value of the land available to Dial… would amount to Rs. 24,000 crore.”

The CAG said, “The projected earning capacity of this land (239.95 acres) in terms of licence fee over the concession period of 58 years was indicated by Dial itself as Rs. 681.63 crore per acre in a letter to the joint secretary, aviation ministry.”

The auditor also pointed out that the government decision to offer a “post-contractual benefit” to the private partner, Delhi International Airport Ltd (Dial), of levying development fees forced passengers to cough up Rs. 3,415.35 crore towards the project cost. (All these findings point out the 'incorrect' decision taken by Congress Govt. which is costing huge loss to our country. Now establishment of a Hindu Nation is the only answer !)

The auditor said the original deal did not mention that part of the project cost would be raised through development fees. It said that if the joint venture was to have the permission to levy the fee, it should have been made known to all the other bidders too.

Delhi airport charges Rs. 1,300 and Rs. 200 per passenger for international and domestic travel, respectively. Besides, from May 15, Dial started charging a user development fee of Rs. 436-1,068 from international and Rs. 195-462 from domestic passengers.

The ministry of civil aviation, however, informed the auditor that “the decision to restructure and modernise Delhi airport was a policy decision of the cabinet. The terms and conditions as well as the modalities were finalised and approved by the empowered group of ministers.” (WIth such statement, Civil Aviation Ministry has accepted that all Ministers are responsible for this huge scam !)

Source : Hindustan Times