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Metro Sreedharan dumps Reliance bid

The CoS is likely to discuss the expert panel's recommendation on Thursday.

Updated on: Jan 11, 2006 02:36 AM IST
PTI | By , New Delhi
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The plan to modernise the Delhi and Mumbai airports got a leg-up on Tuesday when an experts committee headed by DMRC chief E Sreedharan said only one bidder — GMR Fraport — had scored more than the qualifying marks of 80.

HT Image
HT Image

The committee downgraded the Reliance-ASA consortium from the previous score of 80.6 to 79.4 on account of managerial capability and transition plan.

Subject to ratification by the eGoM headed by Defence Minister Pranab Mukherjee later this week, GMR-Fraport is likely to get Delhi airport while Mumbai airport is likely to be awarded to the Airports Authority of India, which in turn will create a special purpose vehicle in which it will rope in international partners and investors.

The Sreedharan panel submitted its report to the BK Chaturvedi-headed committee of secretaries (CoS) set up by the eGoM. The committee wants Delhi airport to be on the fast track as the Capital will host the Commonwealth Games in 2010. The modernised airport needs to be handed over to the administration by December 2009.

 
ABOUT THE AUTHOR
Arun Kumar

Arun Kumar is Senior Assistant Editor with Hindustan Times. He has spent two-and-half decades covering Bihar, including politics, educational and social issues.

Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
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