The Union Cabinet on Wednesday approved the selection of GMR-Fraport and GVK-South African Airports consortia for the modernisation of Delhi and Mumbai 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 said after the Cabinet meeting chaired by Prime Minister Manmohan Singh.
The drama of airport privatisation
The eGoM, headed by Defence Minister Pranab Mukherjee, 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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