The Comptroller and Auditor General (CAG) in its draft report has pulled the legs of Civil Aviation Ministry for granting prime lands of Delhi Airport to a private sector company in paltry prices, causing huge loss to government.
According to draft report of CAG, Civil Aviation Ministry and Airport Authority of India Ltd has given a prime land of 4,799.09 acre on lease to its private sector partner Delhi International Airport Limited (DIAL) for development of the airport at a mere price of Rs.100 per acre per year for a period of 60 years, which caused huge loss to government, media reports say.
The reports also included that DIAL itself has estimated that commercial exploitation of the land for 60 years would give it profit to the tune of Rs.1.63 lakh crore.
However, the report is still to be tabled in the Parliament, so no official has made any comment over it stating that it was only a draft report.
--With Agencies Inputs--
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