March 13, 2021
×
The user development fees (UDF) at Bangalore International Airport are set to rise significantly in the new five-year period beginning April, to offset the lower passenger traffic during the last year of the existing five-year period that ends this month and completion of capital expansion projects, according to Prem Watsa, Chairman of Fairfax India Holdings Corporation which controls India’s third largest airport.
The aero tariffs - one of the three sources of revenue to the airport- collected from airlines and passengers for landing, parking and other services, are set for five-year periods (called ‘control periods’) by the Airport Economic Regulatory Authority (AERA).