Airport revamp: Panel asked to explain ratings | india | Hindustan Times
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Airport revamp: Panel asked to explain ratings

THE EGOM on airport modernisation has sought more clarifications from the experts committee under DMRC chief E. Sreedharan on its revaluation of bidders so that the government can meet its deadline of completing the transaction before January 31, says Civil Aviation Minister Praful Patel.

india Updated: Jan 13, 2006 01:41 IST

THE EGOM on airport modernisation has sought more clarifications from the experts committee under DMRC chief E. Sreedharan on its revaluation of bidders so that the government can meet its deadline of completing the transaction before January 31, says Civil Aviation Minister Praful Patel.

Sreedharan has been asked to respond at the earliest, so that the eGoM can next meet on January 24, sources said. It is learnt that the eGoM has decided that the financial bids will be opened on January 25.

The sources said the Sreedharan panel had been asked to suggest the three best bidders for the Delhi and Mumbai airports. The panel has been asked to add one more name for both the airports -- apart from the existing two (GMR, Reliance) who have already been qualified by the consultants. The aim: to increase competition.

Several members of the eGoM were said to be unhappy with the panel's recommendations. It was thought that the suggestions were fraught with legal implications and could cause delays.

The eGoM also reportedly rejected the Planning Commission's plans to go for the special purpose vehicle (SPV) route to modernise the airports. The view was that if the Airports Authority of India (AAI) floated an SPV, it would be difficult for it to raise resources from overseas financial investors.