Wednesday, February 1 2006 15:28 Hrs (IST) - World Time -

New Delhi: The Union Cabinet today (Feb 1,2006) approved the selection of GMR-Fraport and GVK-South African Airports consortia for the modernisation of Delhi and Mumbai airports.

"The Cabinet has accorded its approval to the report of empowered Group of Ministers on Delhi and Mumbai modernisation and restructuring plan," Civil Aviation Minister Praful Patel told reporters after the Cabinet meeting chaired by Prime Minister Manmohan Singh.

The eGoM, headed by Defence Minister Pranab Mukherjee, had yesterday cleared the financial bids of GMR-Fraport and GVK-South African Airports consortia for the Rs 540 bn metro airport modernisation projects.

"The final approval has been given. The process will now move on," Patel said.