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RESPONSE TO FREDERICK NORONHA'S OF OCT 20 The main implication of your observation has to do with the basis of valuation of Dabolim Airport. This was recently placed by Goan Voices at Rs 25K crores that too as of 1996. If this is on a cash accounting basis then it works out to an average of nearly Rs 750 crores per year for 34 years (since 1962) or over Rs 2 crores per day during the entire period. Does this make sense? Alternatively it represents an estimated 'replacement value' based perhaps on the current (as of 1996) land value. Whatever it is it seems very high. A fresh attempt needs to be made to value the airport according to generally accepted accounting principles (i.e. double entry book-keeping). Comparison with other airports in India and abroad would also be useful. While on the subject of asset valuation, and considering that Dabolim Airport is used by the Navy purely for flight training purposes, one wonders whether the Navy has invested in flight simulators which are routinely used for training purposes abroad. This might obviate the need for 'live' practice take offs and landings at Dabolim which result in civilian flights being blocked out. such practice flights could then be shifted to Seabird/Yenkebe in due course. If the runway there is not long enough at present then the terrain could be levelled for this purpose on national security grounds. Hope the Navy has been thinking of these possibilities.