GoM Defers Decision On Advisor For Airport Revamp

New Delhi, Nov 14: | Updated: Nov 15 2003, 05:30am hrs
The group of ministers (GoM) has deferred the decision to appoint a financial consultant for privatisation and modernisation of Delhi and Mumbai airports till November 19. The empowered group has decided to appoint a financial consultant from amongst the three shortlisted firms only after their presentation before the GoM on November 19. Due weightage will be given to their qualification and competence as it involves a large stake of about Rs 4,000 crore, civil aviation minister Rajiv Pratap Rudy told reporters after an hour-long meeting of GoM at North Block. The GoM comprising finance minister Jaswant Singh, disinvestment minister Arun Shourie, law minister Arun Jaitley and Mr Rudy had shortlisted ABN-Amro, Ernst & Young and KPMG from among a total of five firms on November 9.