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GoM meet on airport restructuring postponed to today
New Delhi, Nov 09: The much-hyped meeting of the Group of Ministers (GoM) on restructuring of Delhi and Mumbai airports has been postponed to today, official sources said.
New Delhi, Nov 09: The much-hyped meeting of the Group of Ministers (GoM) on restructuring of Delhi and Mumbai airports has been postponed to today, official
sources said.
The GoM was originally scheduled to meet Friday to take a final decision on the appointment of a financial advisor for the restructuring but was postponed as more details have been sought, the sources told reporters here.
The GoM, which would now meet for the first time on Sunday after being set up a few weeks ago, comprises Finance Minister Jaswant Singh, Disinvestment Minister Arun Shourie, Law Minister Arun Jaitley and Civil Aviation Minister Rajiv Pratap Rudy.
Five major consulting firms have been shortlisted for the restructuring. They are Tata Economic Services, ABN-Amro Financial Services, KPMG, Pricewaterhousecoopers and Ernst and Young.
The selected consultant would monitor the projects at both airports and approve the designs and plans.
The GoM would also try to finalise matters relating to restructuring and modernisation of the two airports for further discussions by the Cabinet-appointed empowered committee of Ministers.
The final recommendations of this committee would be sent to the Union Cabinet for approval.
The Cabinet had on September 11 approved the restructuring of the two metro airports through the joint venture route with a maximum of 74 per cent private equity.
Bureau Report
The GoM was originally scheduled to meet Friday to take a final decision on the appointment of a financial advisor for the restructuring but was postponed as more details have been sought, the sources told reporters here.
The GoM, which would now meet for the first time on Sunday after being set up a few weeks ago, comprises Finance Minister Jaswant Singh, Disinvestment Minister Arun Shourie, Law Minister Arun Jaitley and Civil Aviation Minister Rajiv Pratap Rudy.
Five major consulting firms have been shortlisted for the restructuring. They are Tata Economic Services, ABN-Amro Financial Services, KPMG, Pricewaterhousecoopers and Ernst and Young.
The selected consultant would monitor the projects at both airports and approve the designs and plans.
The GoM would also try to finalise matters relating to restructuring and modernisation of the two airports for further discussions by the Cabinet-appointed empowered committee of Ministers.
The final recommendations of this committee would be sent to the Union Cabinet for approval.
The Cabinet had on September 11 approved the restructuring of the two metro airports through the joint venture route with a maximum of 74 per cent private equity.
Bureau Report