Tuesday, April 4 2006 12:26 Hrs (IST) - World Time -

New Delhi: The mother agreements to handover Delhi and Mumbai airports to joint venture companies led by GMR and GVK groups were signed by the government here today (Apr 04, 2006).

The OMDAs (Operations, Maintenance and Development Agreement) were signed by AAI Chief K Ramalingam and Director Finance V D V Prasada Rao in presence of Civil Aviation Minister Praful Patel and Secretary Ajay Prasad.

"The OMDA and the shareholders agreements have been signed. The JV companies are in place and their Boards are meeting today," Patel told sources after signing of the agreement.