BAMEETHA PANNA SATNA – BOT (Toll) Road Project in Madhya Pradesh

SUBSTITUTION PROCESS – PROJECT BRIEF SEPTEMBER 2017 BAMEETHA PANNA SATNA – PROJECT OVERVIEW

Project Stretch : Bameetha Panna Nagod Satna Authority : MPRDC Mode of Development : DBFOT (Toll) Project Length : Km 57.40 to km 155.00 (97.60 km) Location : Madhya Pradesh (NH-75) Lane Configuration : 2 lane Concession Period : 25 years Concession Agreement : 20th January 2012 Appointed Date : 11th May 2013

Construction Period : 24 months All figures in INR Cr SCOD : 11th May 2015 Particulars Financial Closure Cost Funds Infused* MPRDC Cost : INR 257.80 Cr Equity 57.58 58.03 Financial Closure Cost : INR 244.39 Cr [EPC - INR 208.61 Cr, Debt 171.06 157.49 IDC & Other – INR 35.78 Cr] Grant 15.75 0.00 Senior Lenders : OBC (Lead), IIFCL & Corporation Bank Total 244.39 215.52 *Ason30th June 2017 PROJECT ENVISAGES DEVELOPMENT AND O&M OF TWO LANING WORK OF EXISTING ROAD FROM BAMEETHA TO SATNA ON NH-75, PASSING THROUGH CHHATARPUR, PANNA & SATNA DISTRICTS IN THE STATE OF MADHYA PRADESH BAMEETHA PANNA SATNA – PROJECT INFLUENCE AREA

KEY TRAFFIC GROWTH DRIVERS • Project stretch of strategic importance for the industrial & commercial sectors due to presence of various cement plants, limestone clusters, stone crusher plants, cable manufacturing units and sand mining activities in the project vicinity • Project highway is a key access route for tourists travelling to Khajuraho • NH-75 critical for providing connectivity within Madhya Pradesh and with Uttar Pradesh resulting in high passenger movement BAMEETHA PANNA SATNA – PROJECT LAYOUT

Start Point Km 57.40

End Point Km 155.00 Panna Tiger Reserve (Km 73.40 – 88.80)

North Forest (Km 93.00 – 112.00)

Proposed Toll Plaza – Km 147.50 Proposed Toll Plaza – km 97.50

PROJECT ROAD STARTS FROM BAMEETHA (T-JUNCTION OF ROAD TO KHAJURAHO) AT KM 57.40 & TERMINATES AT KM 155.00 BYPASSING PANNA, DEVENDRANAGAR & NAGOD TOWN PORTIONS TWO TOLL PLAZAS ARE PROPOSED AT KM 97.50 (BETWEEN PANNA & DEVENDRANAGAR) AND AT KM 147.50 (BETWEEN NAGOD & START OF PROPOSED SATNA BYPASS) WITH TOLLING LENGTH OF 50.00 KM & 47.60 KM RESPECTIVELY BAMEETHA PANNA SATNA – PHYSICAL PROGRESS

PHYSICAL Length SCOPE OF THE PROJECT Length (km)# % Completion* PROGRESS Completed (km) 1. Construction and Operation & Maintenance of Project Highway as specified C & G 83.40 61.50 73.74% under the Concession Agreement Sub Grade 83.40 56.70 67.98% 2. Performance & fulfilment of all other obligations of the Concessionaire in GSB 83.40 51.50 61.75% accordance with the provisions of the Concession Agreement WMM 83.40 48.80 58.51% 3. Completion of 75% of the Project length with at least one homogeneous stretch DBM 83.40 47.74 57.24% BC 97.60 7.06 7.23% may entitle the Concessionaire to commence tolling for the relevant stretch

Structure Total as As per Revised % Completed TECHNICAL SPECIFICATIONS Progress per CA Scope Completion* 1. Entire road proposed to be constructed for two lane with paved shoulder Pipe Culvert 111 87 54 62.07% 2. Carriageway of 7 meters width with 1.5 meter paved shoulders and 1 meter Slab Culvert 16 11 5.4 49.09% wide granular shoulder on either side Box Culvert 59 44 22.5 51.14% 3. Service Road / Bypass / ROB / Grade Separated Structures / Interchanges / Minor Bridges 33 23 7.3 31.74% Underpasses not proposed along the entire stretch of the project road Major Bridges 2 2 - 0.00% 4. Flexible Pavement except concrete pavement in the Toll Plaza area * Progress as per IE Report for the month of March 2017 # Only BC required for 14.20 km stretch under Panna Tiger Reserve under COS order

THE ABOVEMNENTIONED PROJECT STATUS HAS BEEN EXTRACTED FROM THE AVAILABLE IE REPORT. IT IS ADVISED THAT THE BIDDER CONDUCT THEIR OWN INVESTIGATIONS & ANALYSIS TO CORROBORATE THE SAME BAMEETHA PANNA SATNA – PROPOSED CHANGE OF SCOPE

PANNA TIGER RESERVE 4-LANING IN BUILT-UP AREAS CULVERTS

1. Forest approval for construction works in 1. No bypass proposed under the Concession 1. Hume Pipe Culvert at Km 59.580 deleted the Panna Tiger Reserve Forest stipulated Agreement for movement of traffic passing from the Concessionaire’s scope widening works limited to existing road only habitant areas. Further, lack of any functional airport/ railway station between 2. Further, construction of a Hume Pipe Culvert 2. Construction of two lane with 1.5 m paved Bameetha & Satna results in roads being the at Km 139.860 of size 2 x 1200 m shoulder and 1 m granular shoulder with 22 only mode of connection recommended as positive variation under underpasses (as proposed by Forest Change of Scope Department) not possible within the 2. Consequently, MPRDC has advised on four available ROW laning in built-up areas of Bameetha, Panna, Devendra Nagar & Nagod town 3. Consequently, Scope of Work in Panna Tiger Reserve forest from Km 73.300 to Km 3.Construction of four lane in these town 87.900 (14.20 km) has been deleted portions with CC drain to be considered as positive variation under Change of Scope 4. Concessionaire to do renewal by 40 mm BC with length of 10.65 km as follows: with profile correction by BM as positive • Bameetha : 1.60 km Change of Scope. Further, adequate road • Panna: 2.75 km safety features to be provided for safe • Devendranagar: 3.20 km movement of traffic • Nagod: 3.10 km

NET FINANCIAL VARIATION OF (– 11.83 CRORES) RECOMMENDED BY THE INDEPENDENT ENGINEER TO MPRDC FOR THE ABOVEMENTIONED CHANGE OF SCOPE THANK YOU

SK Dixit Shiva Dixit Mukul Roongta Vineet Aggarwal Contact [email protected] [email protected] [email protected] [email protected] Details : +91 99717 98306 +91 98101 67391 +91 95600 60459 +91 98111 36991 Website : www.ivalueadvisors.com

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