(rfq) document for development of four laning of rewa ring road on ...

RFQ <strong>document</strong> <strong>for</strong> <strong>development</strong> <strong>of</strong> Four Laning <strong>of</strong> Rewa Ring Road on BOT (Toll + Annuity)basisexperience will be evaluated <strong>for</strong> the purposes <strong>of</strong>this RFQ, shall subscribe to 26% (twenty six percent) or more <strong>of</strong> the paid up and subscribed equity <strong>of</strong>the SPV and shall further commit that each suchmember shall, <strong>for</strong> a period <strong>of</strong> 2 (two) years from thedate <strong>of</strong> commercial operation <strong>of</strong> the Project, holdequity share capital not less than: (i) 26% (twentysix per cent) <strong>of</strong> the subscribed and paid up equityshare capital <strong>of</strong> the SPV; and (ii) 5% (five per cent)<strong>of</strong> the Total Project Cost specified in the ConcessionAgreement;(v)members <strong>of</strong> the Consortium undertake that theyshall collectively hold at least 51% (fifty one percent) <strong>of</strong> the subscribed and paid up equity <strong>of</strong> theSPV at all times until the second anniversary <strong>of</strong> thecommercial operation date <strong>of</strong> the Project; and(vi) include a statement to the effect that allmembers <strong>of</strong> the Consortium shall be liable jointlyand severally <strong>for</strong> all obligations <strong>of</strong> theConcessionaire in relation to the Project until theFinancial Close <strong>of</strong> the Project is achieved inaccordance with the Concession Agreement; and(h)except as provided under this RFQ and the BiddingDocuments, there shall not be any amendment to theJt. Bidding Agreement without the prior writtenconsent <strong>of</strong> the Authority.2.2.7 Any entity which has been barred by the Central/ StateGovernment, or any entity controlled by it, from participating inany project (BOT or otherwise), and the bar subsists as on thedate <strong>of</strong> Application, would not be eligible to submit anApplication, either individually or as member <strong>of</strong> a Consortium.2.2.8 An Applicant including any Consortium Member or Associateshould, in the last 3 (three) years, have neither failed to per<strong>for</strong>m onany contract, as evidenced by imposition <strong>of</strong> a penalty by anarbitral or judicial authority or a judicial pronouncement orarbitration award against the Applicant, Consortium Member or________________________________________________________________________________________________________________________________NIT No. MPRDC/BOT (T+A)/PQ/2012/ 7783 Bhopal, dated 27.09.2012 - 17 -