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New Delhi, Oct. 24 The Airport Economic Regulatory Authority Bill, which seeks to create a level playing field and to foster healthy competition among major airports within the country, was passed by Parliament on Friday.

The Bill, which was cleared by the Lok Sabha on Thursday, got the Rajya Sabha approval on Friday thereby clearing the way for the establishment of the authority — which will have a chairperson and two full-time members. The authority will be empowered to protect the reasonable interest of the users apart from regulating the tariff for aeronautical services at major airports. The Government considers an airport that handles at least 1.5 million passengers annually, as a major airport.

It shall determine tariff once in five years, but may if it considers appropriate and in public interest, amend the tariff from time-to-time during the five year period. It will also have the power to determine the amount of development fees and the amount of passenger service fee that these airports can charge.

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