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Cabinet nod for airport revamp plan
Last updated on: February 01, 2006 13:58 IST
The Union Cabinet on Wednesday approved the selection of GMR-Fraport and GVK-South African Airports consortia for the modernisation of Delhi [ Images ] and Mumbai [ Images ] airports.
"The Cabinet has accorded its approval to the report of empowered Group of Ministers on Delhi and Mumbai modernization and restructuring plan," Civil Aviation Minister Praful Patel [ Images ] said after the Cabinet meeting chaired by Prime Minister Manmohan Singh [ Images ].
The drama of airport privatisation
The eGoM, headed by Defence Minister Pranab Mukherjee [ Images ], had on Tuesday cleared the financial bids of GMR-Fraport and GVK-South African Airports consortia for the Rs 5,400 crore (Rs 54 billion) metro airport modernisation projects.
"The final approval has been given. The process will now move on," Patel said.
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