The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021

The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 seeks to amend the Airports Economic Regulatory Authority of India Act, 2008.
The 2008 Act established the Airport Economic Regulatory Authority (AERA). AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India.
Major airports: The 2008 Act designates an airport as a major airport if it has an annual passenger traffic of at least 35 lakh. The central government may also designate any airport as a major airport by a notification. The Bill adds that the central government may group airports and notify the group as a major airport.
The bill allows tariff determination of a 'group of airports' by way of amending the definition of 'major airport.'
The bill amends the provisions of the law in relation to tariffs for single airports.
The intention of the government is to develop not only the high traffic volume & profitable airports but also the low traffic volume of non-profitable airports.
The revenue earned by AAI from these airports will be utilized for the development of airports in Tier-II and Tier-III cities. It would help encourage the development of smaller airports.
This approach would help in the development of more airports through the PPP route thus, expanding the air connectivity to relatively remote and far-flung areas.

Source: PIB

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