Parliament clears bill to allow AERA to bid out new airports at pre-determined tariff structure 

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 capacity of three and a hald million people.

Published: 02nd August 2019 11:01 PM  |   Last Updated: 02nd August 2019 11:27 PM   |  A+A-

The banning of Unregulated Deposit Scheme Bill, 2018 was considered by the Lok Sabha in February and after discussion, the same was passed.

The Indian Parliament building (Photo | EPS)

By PTI

NEW DELHI: 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.

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).

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.

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