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Rediff.com  » Business » No rebids for airport revamp

No rebids for airport revamp

Source: PTI
January 24, 2006 14:25 IST
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Ending the suspense over the modernisation of airports, the empowered group of ministers took a final decision on Tuesday on the Rs 5,400 crore (Rs 54 billion) projects at Delhi and Mumbai Airports, contracts for which would be awarded by January 31.

Immediately after the meeting of EGOM, headed by Defence Minister Pranab Mukherjee this morning, Patel said January 31 was set as the deadline for awarding of the contracts while rejecting the suggestion if there could be rebidding in view of the valuation controversies.

He, however, did not spell out any decision saying that minutes have to be finalised and signed by the EGOM chairman Pranab Mukherjee.

Patel said that the financial bids will be opened in a day or two and "we will be awarding the contracts for the two airports within the deadline".

The EGOM was held to consider a revised report from the expert committee, headed by Delhi Metro chief E Sreedhararn, on the basis of the clarification sought by the group earlier this month.

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