DOCSLIB.ORG

For Private Circulation Only Series-IX IM Dated February 20, 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
For Private Circulation Only Series-IX IM Dated February 20, 2020 Serial No.: [______] Private & Confidential –For Private Circulation Only Addressed to: ______________________________________ Series-IX IM dated February 20, 2020 NATIONAL HIGHWAYS AUTHORITY OF INDIA (An Autonomous Body under the Ministry of Road Transport & Highways, Government of India) (Constituted on June 15, 1989 by an Act of Parliament - The National Highways Authority of India Act, 1988) Head Office: G - 5 & 6, Sector 10, Dwarka, New Delhi – 110075 Tel: (011) 25074100, 25074200; Fax: +91-11-25093517, 25093515 Website: www.nhai.gov.in; E-mail: [email protected] (This Series-IX IM is neither a Prospectus nor a Statement in lieu of Prospectus. This Series-IX IM is prepared in conformity with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide circular No. LAD-NRO/GN/2008/13/127878 dated June 06, 2008 as amended from time to time. (PRIVATE & CONFIDENTIAL) SERIES-IX IM DATED February 20, 2020 SERIES-IX IM FOR PRIVATE PLACEMENT OF SECURED, NON-CONVERTIBLE, NON-CUMULATIVE, REDEEMABLE, TAXABLE BONDS IN THE NATURE OF DEBENTURES OF FACE VALUE OF RS. 10 LAKHS EACH AT PAR AGGREGATING TO TOTAL ISSUE SIZE NOT EXCEEDING RS.5,000 CRORES WITH A BASE ISSUE SIZE OF RS. 500 CRORES AND GREEN SHOE OPTION TO RETAIN OVERSUBSCRIPTION UPTO RS. 4,500 CRORES BY NATIONAL HIGHWAYS AUTHORITY OF INDIA (“NHAI” OR THE “ISSUER” OR THE “AUTHORITY”) BY WAY OF PRIVATE PLACEMENT. ISSUE PROGRAM ISSUE/BID OPENING DATE ISSUE/BID CLOSING DATE PAY-IN DATE DATE OF ALLOTMENT 20.02.2020 20.02.2020 24.02.2020 24.02.2020 TRUSTEE OF THE ISSUE REGISTRAR TO THE ISSUE BEACON TRUSTEESHIP LIMITED Bigshare Services Private Limited 4C & D Siddhivinayak Chambers, Gandhi Nagar, Opp. 1st Floor, Bharat Tin Works Building MIG Cricket Club, Bandra (East) Mumbai – 400 051 Opp. Vasant Oasis, Makwana Road Marol, Andheri (E), Mumbai-400059 Tel: 022-42425004/47565852 Email: [email protected] TABLE OF CONTENTS PARTICULARS PAGE NO I. DISCLAIMER 1 II. DEFINITIONS/ ABBREVIATIONS 5 III. ISSUER INFORMATION 7 IV. DETAILS OF MEMBERS OF THE ISSUER 9 V. DETAILS OF STATUTORY AUDITOR OF THE ISSUER 13 1) STATUTORY AUDITOR OF THE ISSUER 13 2) CHANGE IN STATUTORY AUDITOR OF THE ISSUER SINCE LAST 13 THREE YEARS VI. MANAGEMENT PERCEPTION OF RISK FACTORS 14 VII. BRIEF SUMMARY OF BUSINESS/ ACTIVITIES OF ISSUER AND ITS LINE OF 36 BUSINESS 1) OVERVIEW 36 2) STRENGTHS 37 3) STRATEGIES 39 4) ISSUER’S PROJECTS 40 5) FINANCING 43 6) CORPORATE STRUCTURE 53 VIII. KEY OPERATIONAL & FINANCIAL PARAMETERS OF THE ISSUER FOR THE 54 LAST 3 AUDITED YEARS IX. BRIEF HISTORY OF ISSUER SINCE INCORPORATION, DETAILS OF 54 ACTIVITIES INCLUDING ANY REORGANIZATION, RECONSTRUCTION OR AMALGAMATION, CHANGES IN CAPITAL STRUCTURE, (AUTHORIZED, ISSUED AND SUBSCRIBED) AND BORROWINGS 1) BRIEF BACKGROUND 54 2) CHANGE IN HEAD OFFICE 54 3) VISION 54 4) MAIN OBJECTS 55 5) MAJOR EVENTS 55 6) HOLDING COMPANY 55 7) THE PROMOTER 55 8) SPVs AND ASSOCIATE COMPANY 57 X. CAPITAL STRUCTURE 59 1) CAPITAL HISTORY 59 2) DETAILS OF ANY ACQUISITION OR AMALGAMATION IN THE LAST 62 1 YEAR 3) DETAILS OF ANY REORGANIZATION OR RECONSTRUCTION IN 62 THELAST 1 YEAR 4) DISCLOSURES PERTAINING TO WILFUL DEFAULT 62 5) SHAREHOLDING PATTERN OF THE ISSUER 62 PARTICULARS PAGE NO 6) TOP 10 EQUITY SHARE HOLDERS OF THE ISSUER 62 7) PROMOTER HOLDING IN THE ISSUER 62 8) BORROWINGS OF THE ISSUER 62 A) DEBT OUTSTANDING 62 B) TERMS OF ASSETS CHARGED AS SECURITY 70 C) TOP 10 BONDHOLDERS OF THE ISSUER 79 9) AMOUNT OF CORPORATE GUARANTEES ISSUED BY THE ISSUER IN 79 FAVOUR OF VARIOUS COUNTER PARTIES INCLUDING ITS SPVs AND ASSOCIATE COMPANY 10) COMMERCIAL PAPER ISSUED BY THE ISSUER 79 11) OTHER BORROWINGS (INCLUDING HYBRID DEBT LIKE FOREIGN 79 CURRENCY CONVERTIBLE BONDS (“FCCBS”), OPTIONALLY CONVERTIBLE BONDS/ DEBENTURES/ PREFERENCE SHARES) 12) SERVICING BEHAVIOR ON EXISTING DEBT SECURITIES, DEFAULT(S) 79 AND/OR DELAY(S) IN PAYMENTS OF INTEREST AND PRINCIPAL OF ANY KIND OF TERM LOANS, DEBT SECURITIES AND OTHER FINANCIAL INDEBTEDNESS INCLUDING CORPORATE GUARANTEE ISSUED BY THE ISSUER, IN THE PAST 5 YEARS 13) OUTSTANDING BORROWINGS/ DEBT SECURITIES ISSUED FOR 80 CONSIDERATION OTHER THAN CASH, WHETHER IN WHOLE OR PART, AT A PREMIUM OR DISCOUNT, OR IN PURSUANCE OF AN OPTION XI. MATERIAL EVENT, DEVELOPMENT OR CHANGE AT THE TIME OF ISSUE 81 XII. SUMMARY TERM SHEET 82 XIII. TERMS OF OFFER 87 XIV. CREDIT RATING FOR THE BONDS 102 XV. TRUSTEES FOR THE BONDHOLDERS 103 XVI. STOCK EXCHANGE WHERE BONDS ARE PROPOSED TO BE LISTED 104 XVII. MATERIAL CONTRACTS & AGREEMENTS INVOLVING FINANCIAL 105 OBLIGATIONS OF THE ISSUER XVIII. DECLARATION 106 ANNEXURES 1. Financial Information 2. Credit Rating Letters 3. Consent of the Trustee 4. Limited review report for half year ended March 31, 2019 and 30 September 2019 5. Application Form-To be sent separate I. DISCLAIMERS 1. DISCLAIMER OF THE ISSUER This Series-IX IM is neither a Prospectus nor a Statement in Lieu of Prospectus. This Series-IX IM Document is prepared in conformity with Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 issued vide circular No. LAD-NRO/GN/2008/13/127878 dated June 06, 2008 as amended from time to time. This Series-IX IM does not constitute an offer to public in general to subscribe for or otherwise acquire the Bonds to be issued by National Highways Authority of India (“NHAI” or the “Issuer” or the “Authority”). This Series-IX IM for the exclusive use of the addressee and it should not be circulated or distributed to third party(ies). It is not and shall not be deemed to constitute an offer or an invitation to the public in general to subscribe to the Bonds issued by the Issuer. This bond issue is made strictly on private placement basis. Apart from this Series-IX IM, no offer document or prospectus has been prepared in connection with the offering of this bond issue or in relation to the issuer. This Series-IX IM does not intend to form the basis of evaluation for the prospective subscribers to whom it is addressed and who are willing and eligible to subscribe to the bonds issued by NHAI. This Series-IX IM has been prepared to give general information regarding NHAI to parties proposing to invest in this issue of Bonds and it does not purport to contain all the information that any such party mayrequire. NHAI believes that the information contained in this Series-IX IM is true and correct asof the date hereof NHAI does not undertake to update this Series-IX IM to reflect subsequentevents and thus prospective subscribers must confirm about the accuracy and relevancy of any information contained herein with NHAI. However, NHAI reserves its right for providing the information at its absolute discretion. NHAI accepts no responsibility for statements made in any advertisement or any other material land anyone placing reliance on any other source of information would be doing so at his own risk and responsibility. Prospective subscribers must make their own independent evaluation and judgment before making the investment and are believed to be experienced in investing in debt markets and are able to bear the economic risk of investing in Bonds. It is the responsibility of the prospective subscriber to have obtained all consents, approvalsor authorizations required by them to make an offer to subscribe for and purchase the Bonds. It is theresponsibility of the prospective subscriber to verify if they have necessary power and competence to apply for the Bonds under the relevant laws and regulations in force. Prospective subscribers should conduct their own investigation, due diligence and analysis before applying for the Bonds. Nothing in this Series-IX IM should be construed as advice or recommendation by the Issuer to the Issue to subscribers to the Bonds. Prospective subscribers should also consult their own advisors on the implications of application, allotment, sale, holding, ownershipand redemption of these Bonds and matters incidental thereto. This Series-IX IM is not intended for distribution. It is meant for the consideration of the personto whom it is addressed and should not be reproduced by the recipient. The securities mentioned herein are being issued on private placement basis and this offer does not constitute a public offer/invitation. This Series-IX IM shall be accompanied by application form serially numbered and addressed specifically to the person to whom the offer is made and shall be sent to him, either in writing or in electronic mode, within thirty days of recording the names of such persons. 1 2. DISCLAIMER OF THE SECURITIES & EXCHANGE BOARD OF INDIA This Series-IX IM shall not be filed with Securities & Exchange Board of India (“SEBI”) for their approval. The Bonds have not been recommended or approved by SEBI nor does SEBI guarantee the accuracy or adequacy of this Series-IX IM. It is to be distinctly understood that this Series-IX IM should not, in any way, be deemed or construed that the same has been cleared or vetted by SEBI. SEBI does not take any responsibility either for the financial soundness of any scheme or the project for which the Issue is proposed to be made, or for the correctness of the statements made or opinions expressed in this Series-IX IM. The Issue of Bonds being made on private placement basis, filing of this Series- IX IM is not required with SEBI. However, SEBI reserves the right to take up at any point of time, with the Issuer, any irregularities or lapses in this Series-IX IM. 4. DISCLAIMER OF THE ARRANGERS TO THE ISSUE The role of the Arranger in the assignment is confined to marketing and placement of the Debentures/Bonds (Debentures and Bonds have been used interchangeably in this Disclaimer) on the basis of this Series-IX IM (hereinafter collectively referred to as “Information Memorandum”) as prepared by the Issuer.
Load more

Recommended publications
  • National Highways Authority of India
    NATIONAL HIGHWAYS AUTHORITY OF INDIA (An Autonomous Body under the Ministry of Road Transport and Highways, Government of India) (Constituted on June 15, 1989 by an Act of Parliament - The National Highways Authority of India Act, 1988) INR 30,000,000,000 7.30 per cent. Synthetic INR Notes due 18 May 2022 Issue price: 100.00 per cent. The INR 30,000,000,000 7.30 per cent. Synthetic INR Notes due 18 May 2022 (the "Notes") will be issued by the National Highways Authority of India (the "Issuer"). The Notes will constitute direct, unsubordinated, unconditional and unsecured obligations of the Issuer and shall, at all times, rank pari passu and without any preference or priority among themselves and shall also rank pari passu with all other present and future direct, unsubordinated, unconditional and unsecured obligations of the Issuer (subject to any obligations preferred under mandatory provisions of the law prevailing from time to time). The Notes will settle in U.S. dollars. The Issue Price will be payable in U.S. dollars in the amount of USD 466,531,787.14 at the agreed conversion rate of INR 64.3043 per one U.S. dollar, such conversion rate reported by the Reserve Bank of India ("RBI") and displayed on Reuters page "RBIB" at approximately 1:30 p.m., Mumbai time, on 12 May 2017. The Notes mature on 18 May 2022. The Notes are also subject to redemption in whole, at their principal amount, together with accrued interest, at the option of the Issuer at any time prior to the Maturity Date in the event of certain changes affecting taxation in India, subject to RBI consent.
    [Show full text]
  • Kibithoo Can Be Configured As an Entrepôt in Indo- China Border Trade
    ISSN (Online) - 2349-8846 Kibithoo Can Be Configured as an Entrepôt in Indo- China Border Trade JAJATI K PATTNAIK Jajati K. Pattnaik ([email protected]) is an Associate Professor, at the Department of Political Science, Indira Gandhi Government College, Tezu (Lohit District), Arunachal Pradesh Vol. 54, Issue No. 5, 02 Feb, 2019 Borders are the gateway to growth and development in the trajectory of contemporary economic diplomacy. They provide a new mode of interaction which entails de-territorialised economic cooperation and free trade architecture, thereby making the spatial domain of territory secondary in the global economic relations. Taking a cue from this, both India and China looked ahead to revive their old trade routes in order to restore cross-border ties traversing beyond their political boundaries. Borders are the gateway to growth and development in the trajectory of contemporary economic diplomacy. They provide a new mode of interaction which entails de-territorialised economic cooperation and free trade architecture, thereby making the spatial domain of territory secondary in the global economic relations. Taking a cue from this, both India and China looked ahead to revive their old trade routes in order to restore cross-border ties traversing beyond their political boundaries. The reopening of the Nathula trade route in 2016 was realised as a catalyst in generating trust and confidence between India and China. Subsequently, the success of Nathula propelled the academia, policymakers and the civil society to rethink the model in the perspective of Arunachal Pradesh as well. So, the question that automatically arises here is: Should we apply this cross-border model in building up any entrepôt in Arunachal Pradesh? The response is positive and corroborated by my field interactions at the ground level.
    [Show full text]
  • India's Northeast: the Super-Highway to Southeast Asia?
    NO 104 IPCS ISSUE BRIEF JUNE 2009 India’s Northeast The Super-highway to Southeast Asia? Wasbir Hussain Director, Centre for Development and Peace Studies, Guwahati, Assam India’s Northeast can rightly be described as the and industry in the region is retarded by its location beginning of Southeast Asia. Lack of proper or no and reversing this trend continues to be among the connectivity has deprived India’s Northeast — a major challenges facing this frontier. Until about 150 vast swathe of land inhabited by nearly 40 million years ago, India’s northeastern frontier was in the people — from the trickle-down effect of the forefront of development with good access to booming tiger economies in the region’s South international trade and investment. But today, Asian neighbourhood. With foreign linkages in Northeast India is one of the most backward regions mind, the Government of India launched the of the country mainly as a consequence of geo- Look East Policy in 1992 with a view to usher in politics. development in Northeast India by connecting it with the Southeast Asian neighbourhood. India’s partition in 1947 not only pulled the region backwards by at least a quarter of a century, but How to strengthen and expand the linkages also placed hurdles on future economic growth. between these two regions? What are major Partition isolated the region, sealing both land and bottlenecks? How can they be addressed? sea routes for commerce and trade, and cutting access to traditional markets, specifically the I gateway to the East and Southeast Asia—the Chittagong port in East Bengal (now Bangladesh).
    [Show full text]
  • Construction of Roads in Uttarakhand
    UTTARAKHAND RELIGIOUS DESTINATIONS COME CLOSER UTTARAKHAND Himachal Pradesh Punjab UTTARAKHAND Haryana Uttar Pradesh The State of Uttarakhand, often called “Devbhoomi”, is a popular destination for religious and adventure tourism. A network of stronger, safer, all weather roads is being built, in the State over the past four years. Till 2014, the length of National Highways was 2,509 km. In 2018, NH length has reached 3,492 km. The completion of the Delhi-Meerut Expressway and Delhi Saharanpur Highway will result in greater savings in time, cost and fuel for Uttarakhand bound vehicles. Over Rs. 5,000 Cr will be invested to build 983 km of new National Highways. Work is in progress on 66 projects worth Rs. 12,300 Cr, spanning a length of 800 km. Under Chardham programme, 37 projects of 633 km length, worth a total cost of Rs. 8,500 Cr have been sanctioned. Out of these 23 projects of 385 km length worth Rs. 4,100 Cr are ongoing and the remaining ones are at tender/award stage. A total of Rs. 30,000 Cr worth investments will be made towards road development in the State. “When a network of good roads is created, the economy of the country also picks up pace. Roads are veins and arteries of the nation, which help to transform the pace of development and ensure that prosperity reaches the farthest corners of our nation.” NARENDRA MODI Prime Minister “In the past four years, we have expanded the length of Indian National Highways to 1,26,350 km. The highway sector has seen a 20% growth between 2014 and 2018.
    [Show full text]
  • Esteedmed Study on Progressive Collapse of Pavements and Its Causes
    www.ijcrt.org © 2020 IJCRT | Volume 8, Issue 7 July 2020 | ISSN: 2320-2882 ESTEEDMED STUDY ON PROGRESSIVE COLLAPSE OF PAVEMENTS AND ITS CAUSES K. Mahesh Babu1, A. Siva Nagaraju2, G. Pavan Kumar3 1 Post Graduate student, Department of civil Engineering, SVR Engineering College, Nandyal, Kurnool (DT) 2Assistant Professor, Department of civil Engineering, SVR Engineering College, Nandyal, Kurnool (DT) 3Assistant Professor, Department of civil Engineering, SVR Engineering College, Nandyal, Kurnool (DT) ABSTRACT In this Project Pavement failure is defined in terms of decreasing serviceability caused by the development of cracks and ruts. Before going into the maintenance strategies, we must look into the causes of failure of bituminous pavements. Failures of bituminous pavements are caused due to many reasons or combination of reasons. Application of correction in the existing surface will enhance the life of maintenance works as well as that of strengthening layer. It has been seen that only 3 parameters i.e. unevenness index, pavement cracking and rutting are considered while other distresses have been omitted while going for maintenance operations. Along with the maintenance techniques there are various methods for pavement preservation which will help in enhancing the life of pavement and delaying of its failure. The purpose of this study was to evaluate the possible causes of pavement distresses, and to recommend remedies to minimize distress of the pavement. The paper describes lessons learnt from pavement failures and problems experienced during the last few years on a number of projects in India. Based on the past experiences various pavement preservation techniques and measures are also discussed which will be helpful in increasing the serviceable life of pavement.
    [Show full text]
  • Press Kit Egis in India
    PRESS KIT PRESS KIT EGIS IN INDIA 25 February 2019 PRESS KIT EGIS IN INDIA 1/20 Erreur ! Il n'y a pas de texte répondant à ce style dans ce document. Erreur ! Il n'y a pas de texte répondant à ce style dans ce document. TABLE OF CONTENTS PRESS KIT EGIS IN INDIA 2/20 February 2019 EGIS GROUP 1 - EGIS AT A GLANCE 13,600 employees €1.050 billion of managed turnover in 2017 62% of our activity is out of France 29 road operating subsidiaries in 18 countries 17airport concession in 8 countries At Egis, our 13,600 people are dedicated to supporting energy, ecology, digital and territorial transition to shape tomorrow’s world. We draw on our capacity for innovation and our ability to ingeniously transform ideas into solutions that are tangible, operational and, most importantly, useful for our clients all over the world. Our assignments lead us to operate in a wide range of domains addressing the major challenges of the planet, such as transport, buildings, water, the environment, energy, urban development and mobility services. To deliver them, we call upon a broad spectrum of disciplines, ranging from the design of infrastructure to its operation, also including consulting, turnkey delivery and project structuring. Egis is a 75%-owned subsidiary of Caisse des Dépôts, with the remaining 25% held by partner executives and employees. The Group generates more than one billion euros of managed revenue. PRESS KIT EGIS IN INDIA 3/20 February 2019 2 - OUR GLOBAL OFFER Egis assists its public and private sector clients in their development projects which link in with the major transitions underway in our society: energy and ecological, digital and technological, demographic and territorial.
    [Show full text]
  • Territory, Roads and Trans-Boundary Rivers: an Analysis of Indian Infrastructure Building Along the Sino-Indian Border in Arunachal Pradesh
    Territory, Roads and Trans-boundary Rivers: An Analysis of Indian Infrastructure Building along the Sino-Indian Border in Arunachal Pradesh Mirza Zulfiqur Rahman Abstract This paper offers an analysis of Indian infrastructure building in the border province of Arunachal Pradesh along the aspects of territory, roads, and trans-boundary rivers. Several infrastructure projects undertaken by New Delhi in Arunachal Pradesh, have picked up pace in the past decade and have been seen as a concerted effort to strengthen the war preparedness of the armed forces given that China contests Indian claims over the territory of Arunachal Pradesh. Important road infrastructure projects are often politically portrayed within Arunachal Pradesh as priorities for rapidly bridging the huge developmental and connectivity gap for the various tribes inhabiting Arunachal Pradesh. Simultaneously, the road-building infrastructure is directed at creating conditions for government and private dam-building companies to carry heavy machinery, including turbines to dam project sites; the construction of these dams would, apart from economic benefits, also allow India to stake its riparian rights over trans-boundary river waters with China. Along with territory and trans- boundary water aspects being linked, the aspect of trans-boundary water sharing and management of the Yarlung Tsangpo and the Brahmaputra will have spillover effects on Sino-Indian territorial contestations. Introduction The state of Arunachal Pradesh in India’s northeast has often been described as the land of the rising sun. Indian Prime Minister, Manmohan Singh, during a two-day visit to Arunachal Pradesh in January 2008, referred to it as “our land of the rising sun,” saying in his speech at a rally in Itanagar that, “the sun kisses India first in Arunachal Pradesh.”1 The Chinese government, for its part, has always been quick to contest any Indian government statement on the status of Arunachal Pradesh.
    [Show full text]
  • Socio-Economic Impact of National Highway on Rural Population
    Socio-economic Impact of National Highway on Rural Population ASIAN INSTITUTE OF TRANSPORT DEVELOPMENT Socio-economic Impact of National Highway on Rural Population Study conducted by AITD for National Highways Authority of India ASIAN INSTITUTE OF TRANSPORT DEVELOPMENT Socio-economic Impact of National Highway on Rural Population © Asian Institute of Transport Development, New Delhi First published 2003 Asian Institute of Transport Development Apt. E-5, Qutab Hotel Shaheed Jeet Singh Marg New Delhi-110 016 Phones: 91-11-26856117, 26856113 Fax: 91-11-26856113 Email: [email protected] Website: www.aitd.net Table of Contents Acknowledgements i Concepts and Definitions ii Abbreviations xxx Executive Summary xxxii Introduction 1 Chapter 1: Methodology of Impact Evaluation 7 Chapter 2: Survey Structure and Methodology 32 Chapter 3: Socio-economic Profile of Rural Households 59 Chapter 4: Impact Evaluation at Village Level 75 Chapter 5: Impact Evaluation at Household Level 91 Chapter 6: Rural Accessibility and Mobility Patterns 126 Chapter 7: Findings and Task Ahead 144 References 146 Acknowledgements This study was carried out under the overall guidance of K. L. Thapar. The study team included Y. K. Alagh, Dalip S. Swamy, G. S. Bhalla, Ramprasad Sengupta, Dipankor Coondoo, TCA Srinivasa- Raghavan, George Mathew, S. Gupta, Bhisma Rout, Anjula Negi and S. N. Mathur. Other experts associated with the study were Alakh Narain Sharma, M. Neelakantan, TCA Anant, D. P. Gupta, Sat Parkash, Anindita Roy Saha and Anvita Anand. The field surveys were carried out with the help of Institute for Human Development, Delhi. The survey team, among others, included S. K. Khanna, S.
    [Show full text]
  • Impact of Covid-19 on Roads
    Impact of Covid-19 on Roads 1 Roads Initiatives in Light of COVID-19 Key Policy Developments Government may offer relief to highway developers • Reportedly, the Ministry of Road Transport and Highways (MoRTH) has begun consultations on offering major relaxations to highway developers suffering from stressed finances, while also seeking to attract more private investment by settling claims that have been long overdue. • NHAI has been asked to expedite termination payment for cancelled contracts so that banks, largely public sector players, are able to recover their dues which are on the verge of turning into bad debt. • The government is also considering to increase the interest on outstanding annuity payments to highway developers, as the bank rates have decreased from 6.75 per cent per annum in February 2016, when the hybrid annuity model (HAM) was launched. India to ban Chinese companies from highway projects • Amid the ongoing India-China tensions, MoRTH has announced that India will not allow Chinese companies to participate in highway projects, including those through joint ventures. • According to the ministry, a policy will be out soon banning Chinese firms and relaxing norms for Indian companies to expand their eligibility criteria for participation in highway projects. • Qualification norms for projects are being rationalised by the ministry to ensure Indian companies do not require entering into pacts with foreign partners to grab projects. • With respect to existing tenders and future bids, MoRTH has asserted that rebidding will be done in case of any Chinese joint ventures. Government plans to revamp NHAI • To make highway projects more financially viable, the Ministry of Road Transport and Highways (MoRTH) is planning to revamp the National Highways Authority of India (NHAI).
    [Show full text]
  • Expression of Interest (EOI) for Setting up of Charging Stations for Electric Vehicles in Cities and Highways/ Expressways in the State of Uttar Pradesh
    Expression of Interest (EOI) for Setting Up of Charging Stations for Electric Vehicles in Cities and Highways/ Expressways in the State of Uttar Pradesh Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), 2nd Floor, Paryatan Bhawan, C-13, Vipin Khand, Gomti Nagar, Lucknow-226010 June 2019 DISCLAIMER Information provided in this EOI to the Applicant(s) is on a wide range of matters, some of which may depend upon interpretation of law. The information given is not intended to be an exhaustive account of statutory requirements and should not be regarded as a complete or authoritative statement of law. The Authority accepts no responsibility for the accuracy or otherwise for any interpretation or opinion on law expressed herein. Further, the information related to Project is being provided only as a preliminary reference by way of assistance to the Applicants who are expected to carry out their own surveys, investigations and other detailed examination of the Project before submitting their EOI. Nothing contained in this document shall be binding on the Authority nor confer any right on the Applicants, and the Authority shall have no liability whatsoever in relation to or arising out of any or all contents of this EOI document. UPEIDA makes no representation or warranty of allotment of doing business with the applicant and shall incur no liability under any law or completeness of the EOI Application. Though adequate care has been taken in preparation of this Expression of Interest Document (EOI Document), the Applicant should satisfy himself that the Document is complete in all respects.
    [Show full text]
  • Application of Vissim Software for Traffic Simulation: Literature Review Mrs
    IJSRD - International Journal for Scientific Research & Development| Vol. 5, Issue 04, 2017 | ISSN (online): 2321-0613 Application of Vissim Software for Traffic Simulation: Literature Review Mrs. Mira Shah1 SonuRathore2 Parag E. Ingle3 Chetana D. Londhekar4 1Assistant Professor 2,3,4Student 1,2,3,4Department of Computer Engineering 1,2,3,4D.Y. Patil College of Engineering, Akurdi, Pune, India Abstract— Traffic simulation is the mathematical modeling Dual lane roundabouts are noticeably lower than RODEL and of transportation systems (e.g., freeway junctions, arterial a SIDRA; however, they are comparable to U.S field capacity routes, roundabouts, etc.) through the application of computer data. A roundabout placed within a signalized, coordinated software to better help plan, design and operate transportation arterial showed comparable delays to a fully signalized systems. Simulation in transportation is important because it arterial. can study models too complicated for analytical or numerical LiuYu [2] gives an approach for calibrating the treatment, can be used for experimental studies, can study microscopic traffic simulation model VISSIM using GPS detailed relations that might be lost in analytical or numerical data for application to Beijing BRT systems. The Sum of treatment and can produce attractive visual demonstrations of Squared Error of the collected and simulated vehicle speeds present and future scenarios. The objective of this research at the cross-sections along the test route is specified as the paper is to obtain basic calibration for the simulation of traffic evaluation index. It means that sum of the squared difference condition and to justify VISSIM as reliable source in between each observations and its group mean.
    [Show full text]
  • Basic Road Statistics 2017 - 2018
    BASIC ROAD STATISTICS 2017 - 2018 lR;eso t;rs fxfj/kj vjeus] vkbZ-,-,l- lM+d ifjogu vkSj jktekxZ ea=ky; lfpo Ministry of Road Transport & Highways GIRIDHAR ARAMANE, I.A.S. Hkkjr ljdkj @ Government of India Secretary FOREWORD Transport is considered the lifeline of a country's economy. It impacts the level of output, employment and income within the country at a macroeconomic level and production and consumer costs at microeconomic level. An efficient road transport network coalesces supply and demand sides of the economy while influencing the entire gamut of social and economic activities. 2. Road infrastructure is the most important of all public assets as it provides access to employment, social, health and education services and plays a crucial role in fighting against poverty. Recognizing the importance of a reliable road network in the country and the role it plays in economic development of the nation, Ministry of Road Transport and Highways (MoRTH) has undertaken the responsibility of building safer and better roads and highways across the country. India's road connectivity has improved consistently over the years and road transportation has become a focus of rapid development. 3. The Ministry has initiated programmes such as National Highways Development Projects (NHDP), Bharatmala Pariyojana scheme, the Special Accelerated Development Programme in the North East (SARDP-NE) etc. to bridge critical infrastructure gaps in areas of intense economic activity, places of religious and tourist interests, border areas, backward and tribal areas, coastal areas and trade routes. The proactive sector specific policies rolled out by the Ministry, have fast-tracked the rate of construction of highways in the country.
    [Show full text]