News: Pact signed to privatise Delhi/Mumbai airports
(BL 04/04/2006) New Delhi - The Government on Tuesday signed the mother agreements to handover Delhi and Mumbai airports to joint venture companies led by GMR and GVK groups.
The AAI Chief, K Ramalingam and Director Finance V D V Prasada Rao, in the presence of Civil Aviation Minister, Praful Patel and Secretary, Ajay Prasad signed the OMDAs (Operations, Maintenance and Development Agreements).
"The OMDAs and the shareholders agreements have been signed. The JV companies are in place and their Boards are meeting today," Patel said.
The AAI Chief, K Ramalingam and Director Finance V D V Prasada Rao, in the presence of Civil Aviation Minister, Praful Patel and Secretary, Ajay Prasad signed the OMDAs (Operations, Maintenance and Development Agreements).
"The OMDAs and the shareholders agreements have been signed. The JV companies are in place and their Boards are meeting today," Patel said.
posted by InCar Group Press Room at 14:28
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