This followed intervention by Chief Minister Devendra Fadnavis who was
in New Delhi on Sunday. "Under the 'Shared Till' approach, the operator
will retain a percentage of non-aeronautical revenues generated from
commercial activities like shops, concessions in terminal building,
renting out parking lot, which enhances long-term project viability with
attractive private participation through the PPP mode," Mohan Ninave,
chief spokesperson for CIDCO, which is implementing the airport project,
said on Monday.
In airports worldwide, Single Till, Double Till and Shared Till mechanisms exist with the trends moving towards the 'Shared Till' which ensures project viability, protects investors' interests and ultimately facilitates world-class facilities to flyers at the airport.
In 'Single Till', all revenues from aeronautical and non-aeronautical are used to cross-subsidise the expenditures incurred. In 'Double Till', the non-aeronautical revenues are totally separated, while in 'Shared Till' some percentage of revenues is used to cross-subsidise expenditure as in Mumbai and Delhi airports (30 percent) currently.
"NMIA, which will be operated in a highly competitive environment with the existing Chhatrapati Shivaji International Airport (CSIA) across the harbour, would not be able to sustain unless a similar regulatory regime is permitted to ensure a level playing field," the spokesperson said.
"As CSIA and the proposed NMIA would exist as the first-ever multi-airport system in India freely competing among each other in a free-market environment without any traffic allocation, the key concern expressed by the prospective bidders was the confusion on the regulatory framework, which has now been clarified," explained the spokesperson.
In airports worldwide, Single Till, Double Till and Shared Till mechanisms exist with the trends moving towards the 'Shared Till' which ensures project viability, protects investors' interests and ultimately facilitates world-class facilities to flyers at the airport.
In 'Single Till', all revenues from aeronautical and non-aeronautical are used to cross-subsidise the expenditures incurred. In 'Double Till', the non-aeronautical revenues are totally separated, while in 'Shared Till' some percentage of revenues is used to cross-subsidise expenditure as in Mumbai and Delhi airports (30 percent) currently.
"NMIA, which will be operated in a highly competitive environment with the existing Chhatrapati Shivaji International Airport (CSIA) across the harbour, would not be able to sustain unless a similar regulatory regime is permitted to ensure a level playing field," the spokesperson said.
"As CSIA and the proposed NMIA would exist as the first-ever multi-airport system in India freely competing among each other in a free-market environment without any traffic allocation, the key concern expressed by the prospective bidders was the confusion on the regulatory framework, which has now been clarified," explained the spokesperson.
Source: Chhattisgarh Hindi News and MP Hindi News
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