UDF is directly linked to the capex done by each airport operator. As per the scheme, they are guaranteed a certain return on the capex and accordingly, UDF is back-computed for a certain block period to deliver the return. Hence, it is computed based on the capital expenditure (approved by AAI) rather than on the government's approval.
UDF is directly linked to the capex done by each airport operator. As per the scheme, they are guaranteed a certain return on the capex and accordingly, UDF is back-computed for a certain block period to deliver the return. Hence, it is computed based on the capital expenditure (approved by AAI) rather than on the government's approval.