CAG's misleading numbers on Delhi airport

The Comptroller and Auditor-General’s report on the Delhi International Airport Ltd (DIAL) as a public-private partnership (PPP) project makes several valid points, but presents a seemingly factual but fundamentally misleading picture of the total financial outcome. The report says in a key summing-up that “With an equity contribution of Rs 2,450 crore, out of which the private consortium’s share was Rs 1,813 crore, DIAL has got a brownfield airport for 60 years and in addition, commercial rights of land valued at Rs 24,000 crore with a potential earning capacity, according to its own estimates, of Rs 1,63,557 crore.”

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