BIA facilities below par in many areas

BIA facilities below par in many areas
TIMES NEWS NETWORK



Bangalore: The Karnataka government decided to constitute a House committee to examine facilities at the Bengaluru International Airport (BIA) as legislators feel they are far below expectations.
The issue was raised by Congress MLA D K Shiva Kumar in the legislative assembly on July 31. He described the BIA as a “shed’’.
Taking serious note of the observations made, infrastructure minister G Janardhan Reddy said: “Whatever has been said of BIA is true. A House committee will probe whether BIAL has adhered to the original agreement on providing facilities, what should be done to bring the airport on a par with others, and whether there have been any violations.’’
Concessions given to BIAL
BIAL’s share-holding pattern: Promoters hold 74% equity stake, state government 26% (KSIIDC and Airports Authority of India 13% each) Karnataka government has given 4,000 acres of land, but got only 13% stake State support agreement of Rs 350 crore given which is interest free, repayable after 10 years in 20 half-yearly instalments 4,000 acres land on lease at concessional rent of Re 1 till commencement of operations; thereafter at 3% for 6 years and 6% per month subsequently, with an annual increase of 3% Exemption of property tax for 5 years Entry tax exempted for goods for construction purposes Water and power to be given