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Box: 1-Models of Public Private Partnership (PPP) under NHDP PPP is a contractual agreement between a public agency and a private sector entity. Through this agreement the skills and assets of each sector are shared in delivering a service/facility. Besides, each party shares in the risks and rewards potential in the delivery of the service/facility. BOT – Toll Based • The Department gives land free from encumbrances to the Concessionaire. • The Concessionaire constructs the road and other facilities. • The Department pays grant/subsidy (viability gap) to the Concessionaire if required. • The Concessionaire maintains the road for the Concession period (15-20 years, in general; maximum period upto 30 years). • The Concessionaire collects and retains fee (Toll) collected from the road users. • The Concessionaire hands over the project including all the facilities on the expiry of the concession period. BOT – Annuity Based • The Department gives land free from encumbrances to the Concessionaire. • The Concessionaire constructs the road and other facilities. • The Department collects and retains fee (Toll) collected from the road users. • The Department pays Annuity (annually or biannually) to the Concessionaire. • The Concessionaire maintains the road for the Concession period. • The Concessionaire hands over the project and facilities on the expiry of the concession period. BOT – SPV (Toll Based) • The Department and the Concessionaire and other stake holders form Special Purpose Vehicle Company (SPV) to undertake construction and operation of a road project. • The SPV invests equity and borrows money for implementation of the project. • The Department gives land free from encumbrances to the SPV. • The SPV constructs the road and other facilities. • The SPV maintains the road during the concession period. • The Department pays grant/subsidy to the SPV. • The SPV collects and retains fee (Toll) collected from the road users during operation. • The SPV hands over the project including other facilities to the Department on completion of the concession period. xii
Box II – Main Features of Model Concession Agreement (MCA) Sharing of Traffic Risk • Target Traffic agreed for a target date. • In case of variation in traffic by more than 2.5% (shortfall or excess) - For every 1% shortfall – 1.5% increase in concession period (subject to a maximum of 20%) - For every 1% excess – 0.75% reduction in concession period (subject to a maximum of 10%). Revenue Sharing • Concessionaire to pay a sum of Rupee one per annum as concession fee to the Authority. • Concessionaire free to quote an additional concession fee in the form of a share in revenue from user fee. • This additional concession fee also called as premium. • Premium to be paid from Commercial Operation Date upto end of concession period. • Premium to increase by an additional 1% per year as compared to the immediately preceding year. Other Features • Provision for capacity augmentation. • Six months period for financial closure after award of contract. • 80 % required land to be made available on appointed date, remaining within 90 days of appointed date. • Concessionaire to undertake detailed design based on Core requirements given by NHAI. • Independent Engineer to review the design. • Performance based Operation & Maintenance. xiii
- Page 1 and 2: BASIC ROAD STATISTICS OF INDIA 2004
- Page 3 and 4: Acronyms Used in the Publication W.
- Page 5 and 6: SECTION-4 OTHER PUBLIC WORKS DEPART
- Page 7 and 8: PROJECT ROADS (STATE-WISE) SECTION
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- Page 13 and 14: Note: Road Length of State Highways
- Page 15 and 16: of heavy traffic as only about 20 %
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- Page 37 and 38: States/UTs TABLE NO. 1.8 ROAD LENGT
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- Page 41 and 42: TABLE NO. 2.2 LENGTH OF NATIONAL HI
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- Page 45 and 46: SECTION - 3 STATE HIGHWAYS
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- Page 57 and 58: Table No. 4.1 TOTAL AND SURFACED LE
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- Page 67 and 68: SECTION - 5 ZILLA PARISHAD ROADS
Box II – Main Features of Model Concession Agreement (MCA)<br />
Sharing of Traffic Risk<br />
• Target Traffic agreed for a target date.<br />
• In case of variation in traffic by more than 2.5% (shortfall or excess)<br />
- For every 1% shortfall – 1.5% increase in concession period<br />
(subject to a maximum of 20%)<br />
- For every 1% excess – 0.75% reduction in concession period<br />
(subject to a maximum of 10%).<br />
Revenue Sharing<br />
• Concessionaire to pay a sum of Rupee one per annum as<br />
concession fee to the Authority.<br />
• Concessionaire free to quote an additional concession fee in the<br />
form of a share in revenue from user fee.<br />
• This additional concession fee also called as premium.<br />
• Premium to be paid from Commercial Operation Date upto end of<br />
concession period.<br />
• Premium to increase by an additional 1% per year as compared to<br />
the immediately preceding year.<br />
Other Features<br />
• Provision for capacity augmentation.<br />
• Six months period for financial closure after award of contract.<br />
• 80 % required land to be made available on appointed date,<br />
remaining within 90 days of appointed date.<br />
• Concessionaire to undertake detailed design based on Core<br />
requirements given by NHAI.<br />
• Independent Engineer to review the design.<br />
• Performance based Operation & Maintenance.<br />
xiii
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