The empowered Group of Ministers (eGoM), responsible for conducting the modernisation of Delhi and Mumbai airports, is scheduled to meet on 14 June 2005 to consider the transaction document based on which the eight joint venture partners, which are in the fray for the two airports, will submit their technical and financial bids.

The Government had extended the last date for finalisation of joint venture partners till June 3. The extension was granted as the bidders had sought several clarifications and the authorities could not respond to them immediately. A change in joint venture partners will be allowed only if the lead partners in the consortium remain the same.

The eight entities have to submit bids by 24 June 2005 and the Government hopes to name the successful bidder by August or September 2005.

The four-member e-GoM team is headed by the Defence Minister, Mr Pranab Mukherejee, and includes the Union ministers of finance and civil aviation.

Also See:

Mumbai-Delhi airport revamp: Bidders given more time (28-May-05)

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