Development of Rajiv Gandhi Dry Port and ... - Port of Chennai

Chennai Port Trust
enter into the Concession Agreement and subsequently perform
all the obligations of the Concessionaire in terms of the
Concession Agreement, in case the concession to undertake the
Project is awarded to the Consortium;
(ii) clearly outline the proposed roles and responsibilities, if any, of
each member ;
(iii) commit the minimum equity stake to be held by each member ;
(iv) commit that each of the members, whose experience will be
evaluated for the purposes of this RFQ, shall subscribe to 26%
(twenty six per cent) or more of the paid up and subscribed equity
of the SPV and shall further commit that each such member shall,
for a period of 2 (two) years from the date of commercial operation
of the Project, hold equity share capital not less than; (i) 26%
(twenty six per cent) of the subscribed and paid up equity share
capital of the SPV; and (ii) 5% (five per cent) of the Total Project
Cost specified in the Concession Agreement;
(v) members of the Consortium undertake that they shall collectively
hold at least 51% (fifty one per cent) of the subscribed and paid
up equity of the SPV at all times until the second anniversary of
the commercial operation date of the Project; and
(vi) include a statement to the effect that all members of the
Consortium shall be liable jointly and severally for all obligations of
the Concessionaire in relation to the Project until the Financial
Close of the Project is achieved in accordance with the
Concession Agreement; and
(h)
except as provided under this RFQ and the Bidding Documents, there
shall not be any amendment to the Jt. Bidding Agreement without the
prior written consent of the Authority.
2.2.7 Any entity which has been barred by the Central/ State Government, or any
entity controlled by it, from participating in any project (BOT or otherwise),
and the bar subsists as on the date of Application, would not be eligible to
submit an Application, either individually or as member of a Consortium.
2.2.8 An Applicant including any Consortium Member or Associate should, in the
last 3 (three) years, have neither failed to perform on any contract, as
evidenced by imposition of a penalty by an arbitral or judicial authority or a
judicial pronouncement or arbitration award against the Applicant,
Consortium Member or Associate, as the case may be, nor has been
expelled from any project or contract by any public entity nor have had any
RFQ for Rajiv Gandhi Dry Port cum Multi-modal Logistics Hub 10