The empowered group of ministers (GoM), set up by the Cabinet to supervise privatisation of the Mumbai and Delhi airports, today laid down the parameters for selection of the financial consultant for the process. The GoM will select the consultant on November 14.
At its first meeting, the GoM, comprising Finance Minister Jaswant Singh, Disinvestment Minister Arun Shourie, Law Minister Arun Jaitley and Civil Aviation Minister Rajiv Pratap Rudy, shortlisted ABN Amro, Ernst & Young and KPMG from among the firms in the race.
Rudy said May 30, 2004 had been set for signing of the final agreement with the joint venture partner. The earlier deadline was April 2004.
After an hour-long meeting here, Rudy said the GoM also decided to appoint a global technical adviser to assist the civil aviation ministry on the parameters of the design and construction of the two ultra-modern airports, estimated to cost around Rs 5,000 crore.
Stating that the process of privatisation of the two airports had been set in motion with this meeting, he said the progress from now would be monitored on
