TIRUPATI URBAN DEVELOPMENT AUTHORITY - TIRUPATHI ...

Tirupathi Urban Development Authority
6.5.2 The Consortium would need to specify a Lead Consortium Member for the project in
accordance with Section 3.4;
6.5.3 The Lead Consortium Member would be required to:
(i)
(ii)
achieve a minimum of 50% of the Threshold Experience Score as specified in
Section 6.3 and Threshold Financial Capability of at least 50% on each of the
criteria specified under Sections 6.4.3 (i) and 6.4.3 (ii); and
commit to hold a minimum equity stake equal to 51% in the Bidding Consortium
for first 3 (Three) years after the execution of Development Agreement.
The Bidders who meet the Technical Eligibility Criteria and Financial Eligibility Criteria as
mentioned in Section 6.3 and 6.4 (Cover 1) would be considered as Technically and
Financially Capable Bidders and their Cover 2 would be opened. The Bidders who do not
meet the Technical and Financial Eligibility Criteria would be declared Ineligible and their
Cover 2 and Cover 3 would not be opened.
6.6 Equity Financing Plan of the Bidder
The Equity Financing Plan will judge the Bidder’s ability to access funds and be able to
successfully manage and implement the Project. The Bidder will have to furnish a
detailed Equity Financing Plan for Rs 600 crores. The Equity financing plan should be
substantiated by documents under the categories as given below attached in Bid
Response 10 in Exhibit 8. The formats for the documents are provided at Exhibit 8, Bid
Response 11 and Bid Response 12.
Category Means of Financing
Documents Required
1 Reserves & Surplus Statutory Auditor certificate as per Qualification
Bid Response 11
2 Bank Facility Bank / Financial Institution Certificate as per Bid
Response 12
3 Disposable and
Unencumbered Real
Estate Liquidation
4 Advances from the
Parent Company/
Group Company
Certificate of a Registered Real Estate Valuer
certifying the value of the real estate and non
encumbrance certificate from the lead lender
Board Resolution of the Parent/ Group Company
and Statutory Auditor Certificate similar to the
format provided at Bid Response 11
Any other source of financing should be supported by authenticated documents.
Request For Proposal
Development of Integrated Tourism Temple Township on Public Private Partnership Basis
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