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In June 2003, the AAI board approved a modernization proposal. These airports accounted for 47% of the passenger traffic, 58% of cargo traffic and 38% of aircraft movement in 2003-04. They generated one third of all revenues earned by the AAI. Both Delhi and Mumbai airports handled twice as many aircraft movements as they were originally designed for, resulting in congestion for both aircrafts and passengers.
The bidding process began in May 2004 with an original completion date of September 2004. However, due to a variety of reasons, the process got delayed and the bids were finally received by September 2005...
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