NEW DELHI, April 5 (GCTL) - Indian civil aviation officials yesterday signed agreements to hand over control of the country's two biggest airports to private groups who plan to make the now run-down facilities world class, the Shipping Times reported.
The 'Operations, Maintenance and Development Agreements' were signed by Airports Authority of India (AAI) chief K Ramalingam with Civil Aviation Minister Praful Patel.
The signing comes two months after the contract to modernise Delhi's Indira Gandhi Airport was awarded to Hyderabad-based Indian construction firm GMR Industries, which had teamed up with Germany's Fraport. India's GVK group, partnered by the South African Airport Authority, won the deal for the modernisation of Mumbai's Chhatrapati Shivaji Airport.
| For full story above, kindly subscribe as gctl8.com member for ONLY US$120 per year. You can enjoy :
SUBSCRIBE NOW! |
editors, GCTL