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Tuesday, 16 April, 2019, 12 : 00 PM [IST]

Bengaluru airport hikes UDF by a whopping 120% for 4 months to fund expansion

As per The Asian Age, flying out from the Bengaluru airport is costlier by a massive 120 per cent from today following the airport tariff regulator AERA (Airports Economic Regulatory Authority) allowing it to revise upwards the user development fee (UDF) for four months. The nation's third busiest airport after New Delhi and Mumbai plans to use the additional fee to fund its expansion. "With the Aera order coming into effect from April 16, the UDF for domestic departures will be revised to INR 306 from INR 139 while for international departures it will be INR 1,226 from INR 558 earlier," Bangalore airport said in a statement on Monday.

The new charges for domestic and international travel translate into an increase of 120 per cent and 119 per cent, respectively, it added. The revised fee is applicable for tickets procured between April 16 and August 15, it said. The INR 13,000-crore expansion entails new terminal constructions, a second runway, access roads, and a multi-modal transport hub, company said.

"This incremental in charges will provide us with the much-needed relief as we are in the midst of a INR 13,000-crore capacity expansion," said MD & CEO, Hari Marar. As mandated by AERA, the money generated from the incremental UDF hike during these four months, will be deposited in a separate bank account and will be used only to fund the ongoing expansion, he added.(Source: The Asian Age)
 
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