Setting up “Composite Logistics Hub” at Pawarkheda, District Hoshangabad in State of Madhya Pradesh on PPP Model
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Setting up “Composite Logistics Hub” at Pawarkheda, District Hoshangabad in state of Madhya Pradesh on PPP Model Request for Proposal (RFQ cum RFP) Volume II: Draft Concession Agreement Issued By: Mandi Board Government of Madhya Pradesh December 2009 Project Consultants In collaboration with Volume II: Instruction to Bidders Setting up of “Composite Logistics Hub” on PPP at Pawarkheda in state of Madhya Pradesh Table of Content 1. DEFINITIONS & INTERPRETATION:................................................................ 7 1.1 Definitions............................................................................................................ 7 1.1 Interpretation ...................................................................................................... 13 2. Concession ............................................................................................................ 15 2.1 Grant of Concession:.......................................................................................... 15 2.1.6 Concession Period.............................................................................................. 16 2.2 License of the Project Land................................................................................ 17 2.3 Mandi Board Obligations................................................................................... 18 3. Conditions Precedent .............................................................................................. 19 3.6 Termination due to failure to achieve Conditions Precedent ............................. 20 PERFORMANCE SECURITY ..................................................................................... 21 EQUITY HOLDING ...................................................................................................... 22 5. Equity Holding Requirement .......................................................................... 22 CONSTRUCTION OBLIGATIONS ............................................................................ 23 6.1 Minimum Facilities .......................................................................................... 23 6.2 Minimum Development Obligations............................................................... 23 6.3 Additional Facilities ......................................................................................... 24 6.4 Construction Monitoring and Inspection............................................................ 25 6.5 Water, Power and Utilities ................................................................................ 25 6.6 Further Sub-contracts in relation to the Facilities .............................................. 26 6.7 Changes in the Approved Drawings and Plan.................................................... 27 6.8 During the Construction Period, the Developer shall: ....................................... 27 6.9 Completion........................................................................................................ 27 6.10 Operations Manual .......................................................................................... 28 Operations ....................................................................................................................... 28 7.1 Operations and Services..................................................................................... 29 7.2 Operating Procedure........................................................................................... 29 7.3 User Charges...................................................................................................... 29 7.4 Sub-contracting of Services ............................................................................... 30 7.5 Leasing of facilities ............................................................................................ 30 7.6 Personnel ............................................................................................................ 31 7.7 Security............................................................................................................... 31 7.8 Maintenance Standards...................................................................................... 31 7.9 Performance Standards....................................................................................... 32 7.10 Interaction of the Parties .................................................................................... 32 ARTICLE 8 ..................................................................................................................... 33 REPRESENTATIONS AND WARRANTIES............................................................. 33 8.1 Representations and Warranties of Mandi Board....................................... 33 8.2 Representations and Warranties of Developer.............................................. 33 8.3 Disclosure .......................................................................................................... 35 EVENTS OF DEFAULT AND TERMINATION........................................................ 36 9.1 Developer Event of Default.............................................................................. 36 9.2 Mandi Board Event of Default....................................................................... 37 2 Volume II: Instruction to Bidders Setting up of “Composite Logistics Hub” on PPP at Pawarkheda in state of Madhya Pradesh 9.4 Transfer Information Notice............................................................................... 38 9.5 Lenders' Rights of Substitution .......................................................................... 38 9.5.2 Direct Agreement with Lenders ......................................................................... 39 9.6 Procedure for appointing an Appraising Team .................................................. 40 Article 10.......................................................................................................................... 41 TRANSFER PROVISIONS ........................................................................................... 41 10.1 Normal Transfer/Early Termination................................................................... 41 10.8 Treatment of and valuation approach to Immovable and Movable Facility Assets 43 10.9 Transfer of the facilities and Licensed Premises................................................ 45 INDEMNITY................................................................................................................ 46 INSURANCE................................................................................................................ 47 FORCE MAJEURE ...................................................................................................... 48 13.1 Application......................................................................................................... 48 13.2 Performance Obligation..................................................................................... 49 13.3 Notification......................................................................................................... 49 13.4 Mitigation........................................................................................................... 50 13.5 Liability for other losses, damages etc............................................................... 50 ARTICLE 14 ................................................................................................................... 51 DISPUTE RESOLUTION ............................................................................................. 51 14.1 Disputes - Amicable Settlement......................................................................... 51 14.2 Arbitration ........................................................................................................ 51 14.3 Continued performance................................................................................... 51 ARTICLE 15 ................................................................................................................... 52 MISCELLANEOUS ....................................................................................................... 52 15.1 Governing Law and Jurisdiction .................................................................... 52 15.2 Approvals .......................................................................................................... 52 15.3 Amendments ..................................................................................................... 52 15.4 Agreement to Override Other Agreements; Conflicts.................................. 52 15.5 No Waiver; Remedies....................................................................................... 52 15.6 Severance of Terms .......................................................................................... 52 15.7 Language........................................................................................................... 53 15.8 Counterparts..................................................................................................... 53 15.9 Assignment........................................................................................................ 53 15.10 Survival ............................................................................................................. 53 15.11 Costs and Expenses .......................................................................................... 53 15.12 No Agency 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