Airport revamp: AAI to sign OMDA

New Delhi:Airports Authority of India (AAI) will sign the operation, management and development agreement (OMDA) with its private joint venture partners next week.
According to sources, the OMDA would be signed on April 4 between AAI and the GMR and GVK groups, which have won the bids for modernisation of the Delhi and Mumbai airports respectively.
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See Also:
Govt to go ahead with airport rejig plans
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The OMDA is the mother document, under which AAI grants the right to undertake functions, including operations, maintenance, development, design, construction and management to the joint venture companies. It is for an initial term of 30 years, extendable by as many years.
31/03/06 NDTV.com

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