The Union government hopes to award bids for the modernisation and restructuring of Delhi and Mumbai airports by October-November 2005, it is learnt.

According to Dy Chairman, Planning Commission, Dr Montek Singh Ahluwalia, the transaction document for both the airports should be ready by end-July 2005.

There were reportedly some differences amongst different ministries about the transaction document, which have now been resolved. The Union law ministry will complete vetting the documents by end-July 2005. The Government plans to award contracts for both the airports simultaneously.

The government, which has received bids from eight entities, including Reliance, L&T and GMR, plans to offer the two airports to successful bidders for a period of 30 years that could be extended by another 30 years.

The government had earlier planned to award bids by August 2005.

Also See:

Mumbai-Delhi Airports modernisation: Transaction documents cleared (23-Jun-05)

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