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Series-7 IM Dated Series-7 IM dated Shri Nagendra Nath Sinha, IAS March 5, 2018 31 January 2019 February 07, 2019 R.K. Chaturvedi, May 18, 2018 Continuing Additional Secretary and Member (Administration) Asheesh Sharma May 18, 2018 Continuing Member (Finance) Subhash Chandra Garg, IAS July 2017 November 06, 2017 Ajay Narayan Jha, IAS October 31, 2017 - Secretary, Department of Expenditure Shri Rajeeve Kumar, IAS May 16, 2017 June 27, 2017 Shri Ashok Lavasa, IAS April 30, 2016 October 31, 2017 Secretary, Department of Expenditure Sh. Deepak Kumar June 27, 2017 May 16, 2018 Chairman, NHAI Shri Shashikanta Das August 31, 2015 February 28, 2017 Secretary, Department of Economic Affairs, Ministry of Finance Shri R. K. Pandey November 04, 2015 Continuing as a Member Member (Projects) Shri Sanjay Mitra January 01, 2016 May 24, 2017 Secretary, MoRTH Shri Anand Kumar Singh February 12, 2016 Continuing as a Member Member (Project) Shri Niraj Verma, IAS, March 14, 2016 August 23, 2018 Member (PPP) Mrs. Veena Ish, IAS August 04, 2016 September 07, 2017 Member (Admin) Shri D O Tawade August 30, 2016 Continuing as a Member Member (Technical) Shri Yudhvir Singh Malik, IAS November 28, 2016 Continuing as part time member Secretary to the Government of India, from 27 June 2017 Department of Road Transport & Highways, Government of India Shri Rohit Kumar Singh, IAS December 21, 2016 May 17, 2018 Member (Finance) Smt. Sindushree Khullar April 2, 2012 March 09, 2015 Secretary, Planning Commission Shri R. P. Singh June 12, 2012 June 11, 2015 Chairman, NHAI Shri Rajiv Mehrishi March 09, 2015 August 31, 2015 Secretary, Department of Economic Affairs, Ministry of Finance Shri Sudhir Kumar April 15, 2013 September 8, 2015. Member (PPP) Shri V. K Chibber February 01, 2013 December 31, 2015 Secretary, MoRTH Shri M. P. Sharma February 08, 2013 February 29, 2016 Member (Technical) Shri Satish Chandra April 03, 2013 April 02, 2016 Member (Finance) Shri R. P. Watal November 30, 2013 April 30, 2016 Secretary, Department of Expenditure Shri Raghav Chandra August 31, 2015 November 28, 2016 Chairman, NHAI Shri S.N. Das August 01, 2015 February 28, 2017 General (Road Development & Special Secretary) Shri Amitabh Kant November 06, 2017 Continuing as part time member CEO, NITI Aayog Shri Manoj Kumar March 01, 2017 June 30, 2017 Director General (RD) & Special Secretary Shri Bhesha Nand Singh, IES July 1, 2018 January 31, 2019 Director General (RD) & Special Secretary Shri I.K. Pandey, IES February 07, 2019 Continuing as part time member Director General (RD) & Special Secretary Shri Sanjeev Ranjan, September 17, 2018 March 03, 2019 Chairman, National Highways Authority of India Shri Nagendra Nath Sinha, March 5, 2019 Continuing as a Chairman Shri Girish Chandra Murmu, IAS January 31, 2019 Continuing as a Member Secretary, Department of Expenditure there were 1014 arbitration cases and 730 court cases involving Rs. 55,34,497.00 lakh and USD 4.30 lakh in Arbitration and Rs. 7,43,905.00 Lakh and Euros 2.62 lakh in Court cases pending against the Issuer. Further, Issuer has also arranged bank guarantee to the tune of Rs. 7,051.00 lakh and fixed deposits of Rs. 90,749.00 lakh as per various court orders. Issuer has issued letters of credits to the tune of Rs. 61,948.00 lakh for payment of annuities. The contingent liabilities consist primarily of liabilities on account of legal disputes, bank guarantees, letters of credit etc. Further, the contingent liability of Issuer in respect of total project cost pertaining to EPC, consultancy and O&M contracts under implementation is Rs. 63,99,707.00 lakh, Rs. 4,03,886.00 lakh and Rs. 43,673.00 lakh respectively. These contingent liabilities, if determined against us in the future, may impact our business and the results of operations. S. No. Name of SPV Fiscal 2017 Fiscal 2016 Fiscal 2015 1. Calcutta Haldia Port Road Company Limited (2,106.84) (2,968.57) (2,793.56) 2. Cochin Port Road Company Limited (2,252.02) (2,018.93) (1,728.76) 3. Moradabad Toll Road Company Limited 4.55 (28.93) (7.24) 4. New Mangalore Port Road Company Limited (1,717.46) (4,187.34) (2,921.84) 5. Paradip Port Road Company Limited (4,750.99) (5,793.83) (5,166.11) 6. Tuticorin Port Road Company Limited (1,881.46) (1,893.39) (2,184.83) 7. Ahmedabad Vadodra Expressway Company 225.72 (213.82) (266.62) Limited 8. Vishakhapatnam Port Road Company Limited 488.45 (717.16) 140.19 iv) Toll-Operate Transfer (TOT): Government of India has approved Toll Operate and Transfer (TOT) model under which the Public funded projects operational for two years shall be put to bid wherein the right of collection and appropriation of fee shall be assigned for a pre-determined concession period (30 years) to Concessionaires (Developers/Investors) against upfront payment of a lump sum amount to NHAI. Operation and Maintenance (O&M) obligation of such projects shall be with the concessionaire till the completion of the concession period. Projects to be undertaken in the TOT model are to be treated as Public-private-partnership (PPP) projects. The first bundle of TOT projects comprising of 9 project stretches aggregating to a length of 680km has already finalised and Letter of Award (LOA) has been issued. Apart from TOT Bundle-I, NHAI has also identified stretches of approximate length of 1640 kms under TOT in which condition survey and traffic studies is under progress. The inherent risks comprised of in the TOT MCA include amongst others: Force Majeure Risk Force Majeure risk pervades all through the specific provisions in the TOT MCAs and it is a major source of risk which directly affects the projects of NHAI and affects the output of the organization. Force Majeure cover the following events which pose a risk to the construction projects execution, namely any or all of Non-Political Event(s), Indirect Political Event(s) and Political Event(s) occurring in India which include the following: Non-Political Events act of God, epidemic, extremely adverse weather conditions or radioactive contamination or ionizing radiation, fire or explosion; strikes or boycotts; the discovery of geological conditions, toxic contamination or archaeological remains on the Site; any failure or delay of a Contractor but only to the extent caused by another Non-Political Event and which does not result in any offsetting compensation being payable to the concessionaire by or on behalf of such Contractor; any judgement or order of any court of competent jurisdiction or statutory authority made against the Concessionaire; any event or circumstances of a nature analogous to any of the foregoing. Indirect Political Events an act of war, invasion, armed conflict or act of foreign enemy, blockade, embargo, riot, insurrection, terrorist or military action; civil commotion or politically motivated sabotage which prevents collection of toll/fees; industry-wide or state-wide or India-wide strikes or industrial action which prevent collection of toll/fees; any failure of delay of a contractor to the extent caused by any Indirect Political Event and which does not result in any offsetting compensation being payable by the concessionaire by or on behalf of such contractor; any Indirect Political Event that causes a Non-Political Event; or any event or circumstances of a nature analogous to any of the foregoing Political Events change in Law effected by any governmental agency, only if consequences thereof cannot be dealt with under and in accordance with the provisions of the concession agreement; compulsory acquisition, in national interest, or expropriation of any project assets or rights of the concessionaire or of the contractors by any governmental agency. unlawful or unauthorised or without jurisdiction revocation of or refusal to renew or grant without valid cause any consent or approval required by developer. any failure or delay of a contractor but only to the extent caused by another Political Event and which does not result in any offsetting compensation being payable to the concessionaire by or on behalf of such contractor; or any event or circumstance of a nature analogous to any of the foregoing. As on March 31, 2018, NHAI has a total strength of 1079 employees. Total Length Already 4/6 Under Contracts under Balance length (Km.) Laned (Km.) Implementation Implementation for award (Km.) (Km.) (No.) NHDP Golden Quadrilateral 5,846 5,846 0 0 - North/South- 7,142 6625 318 28 199 East/West Phase I & II Port Connectivity 435 400 35 6 - NHDP Phase III 11,809 8269 2454 91 1086 NHDP Phase IV 13,203 6255 5318 126 1630 NHDP Phase V 6,500 2900 1927 46 1673 NHDP Phase VI 1,000 143 197 9 660 NHDP Phase VII 700 70 391 13 239 NHDP Total Other 5,560 1,862 3,698 92 - SARDP-NE 110 110 110 - 1 Total by the Issuer 52,305* 32,480 14,338 412 5,487 * Total 20,000 km was approved under NHDP Phase IV. Out of which 13,203 km as assigned to the Issuer and the remaining 6,791 km with MoRTH. Elevated Road from Chennai Port Gate No.10 to Maduravoyal (NH-4) NH-47(Km. 337.15) (Cochin) to ICTT Vallarpadam (NH-47C) As per the MoRTH Government of India the Issuer will develop 34,800 Km of highways under Bharatmala Pariyojana. The total length of 34,800 Km entrusted to NHAI consists of Bharatmala Pariyojana under Ph-I, (24,800 Km); existing NHDP projects under implementation (10,000 Km) The objective of the project is to optimize the efficiency of freight and passenger movement across India by bridging critical infrastructure gaps while simultaneously creating direct and indirect employment and enhancing economic activity.
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