After GMR-Fraport chose Delhi airport and matched the highest bid of Reliance ASA, EGoM awarded Delhi airport to GMR-Fraport Mumbai airport to GVK-ACSA EGoMs Decision (January 31, 2007)
{"Image DocumentName": "Privatization of Delhi and Mumbai: Early Steps", "Image ImageDescription": "1996. Modernization of Delhi and Mumbai was first considered by Airport Authority of India (AAI) June AAI Board approved the modernization proposal costing. Rs 30 bn. September Government approved on a long term lease by joint venture route with 74 per cent equity of a private consortium and 26 per cent of AAI. Empowered Group of Ministers (EGoM) was constituted. October Ministry of Civil Aviation (MoCA) constituted the Inter Ministerial Group (IMG) to assist the EGoM. December EGoM approved the appointment of ABN Amro as the financial consultants. February 17, An Invitation to Register an Expressions of Interest (ITREOI) for acquisition of 74 per cent equity stake in the Joint Venture Company (JVC) was issued. June 04, Last date of submission of expression of interest (EOI)", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}