Audited Project Financial Statements

Project Number: 47341-002 Loan Number: 3118 Period covered: April 2017- March 2018

IND: South Asia Subregional Economic Cooperation Road Connectivity Investment Program - Tranche 1

Prepared by: Ministry of Roads Transport and Highways (MoRTH) and Public Works Department

For the Asian Development Bank Date received by ADB: 30 November 2018

The audited project financial statements are documents owned by the borrower. The views expressed herein do not necessarily represent those of ADB’s Board of Directors, Management, or staff. These documents are made publicly available in accordance with ADB's Access to Information Policy and as agreed between ADB and Ministry of Roads Transport and Highways.

q \ *s f % % '"3t CERTIFIED T' % Y \, AUDIT REPORT \t v \9 k FOR b b t*r v ASIAN HIGHWAY - t, 48 PROJECT .t.l i{ FOR THE t rah* ,f. FINANCIAL YEAR 2OL7-Lg &u q rf, q Y &

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Y\ \ f ,f, Annexure I Execg,tinq Aqencv : Ministrv of Road Transoort & Hiqhwavs ljnplementinq Agencv : PIU-ll. Publig Works Department {NH). Govt. of West Benqal Proiect I SA,SEC Road Connectivitv lnvestment Proqram - Tranche - 1 ADB Loan No.3118-lND

STATEMENT OF RECEIPTS AND PAYMENTS REPORT FOR THE YEAR ENDED 31.03.2018

Panticulars Note During the During the Cumulative Reference Current Year Previous Year Proiect From From up to 31.03.2018 01.04.2017 to 01.04.20{4 to 31.03-2018 31.03.2017. Openino balance'{A} Nil t{it Nit Receipts Funds received from Government2 4 68,00,03,246 164,25,04,860 232,25,08,106 ,$ ADB Loang 6 1 10,83,29,901 220,33,66,015 331,16,95,916 ADB Granta 6 Co-financier 1 7 ,,Q Co-financier 2 8 Beneficiary conkibution (if any) I Other receipts such as interest income, sale from disposals of fixed 10 s asseis. etc. Total Receipts (B) 178"83,33.1.17 384.58.70.875 563.42.44.022 s Total(C=A+Bl 178.83.33.147 384,58,70,875 563,42,04,4?2 Payments

* Investment Costs" 11 Civil Works 143,84,48,026 285,70,45,766 429,54,93,792 { Utility Shifting 5,1 8,61 ,364 18,38,04,726 23,56,66,090 Land Acquisition & Rehabilitation & Resettlement 25,96,02,244 74,58,47,134 J00,54,49,378 Consultants g a. Project Management (i) Authority Engineer 2,49,88,342 3,16,34,8'17 5,66,23,159 t (ii) lmplementation Support Consultant 1,22,32,505 2,62,97,141 3,85,29,646 (ii} Wild Life external Monitoring Agency b. Capacity Development t Others (D) Subtotal 178,71,32,481 384.46.29.584 563,1 7,62"055 t Recurrent Costs 12 Salaries t Accommodation Equipment Operation and Maintenance 6,40,666 12,A',t,291 '18,81 ,957 Others 5,60.000 5.60.000 + Subtotal(E) 12.00.666 12"41.291 24,41,957 Total Payments 178,83,3?,147 384,58,70,875 563"42,A4,A22 i3 Financing Charges During tmplementation {F) 13 ""{t Total Project Cost (G = D + E + F) 178,83,33,f47 384,58,70,875 563,42,04"A22 Closing Balance (C - G) Nit NiI Nir -..$ t .-qp lf cash balance are controlled by the entity, indicating cash balance, imprest account and SGIA balance separately will include e{ernal assiitance reieived by G-overnment for the project. 'ThesesThis shall include amounts received in the Bank Account as well as amounts deemed tb be received against direct payments made by ADB to the .=# suppliers of goods and services under Direct Payment procedure and Commitment Letter procedure a Expenditure categories are based on the cost allocation table as per Loan/Grant Agreement s Notes 4 to + 13 of the financial statements form an integral part of these financial statements €k"' $ Project Director s Asian Highway-48 Special Project Division $ ..{ -"i )L/tG{t1' .,* 0EPUTY DTRE0ToR (IN$FECTiONI - --f Of$ce of ths Fr. Dkector of Audil Sentral, Kclkata -&*--d hs f iae,r:q rj il ,,tt G r,g' /'.t, d d' {r \1' {l u

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STATEMENT OF EXPENptTURE By CATEGORY Artq ftNANCIER

ln r\t '000 Percentage _ co-Finan.iei-- GovernmE Anfr ral ActualeipEnEtuE of financingl A Actual ExlenoliuE Amount Total _particulars 1 Amount o/ InvestmentCostsz 2 3 A Expenditure 5 6 I urvrt Works 7 8 I utirity sniftins to.z 109,60,97,396 Land 76.2 I Acquisition & Rehabilitation & Resetflement 0.0 34,23 50,630 j,.u Consultants 143,84,48,026 I 0.0 5,18,61 ,364 I roo a. Project Management 5,'18,61 ,364 ] 25,96,02,244 roo | (i) Authority Engineer 25,96,02,244 (ii) 0.0 I | lmnlementation Support Consultant (ii) 100 2,49,88,342 100 Wild Life external M'onitoring AS;;;y 1,22,32,505 100 2,49,88,342 o. Capacity Development '100 1,22,32.505 c. Others 0.0 - ru 0.0 Recurrentcosts 110,83,29,907 Salaries 67,88,02.5S0 178,71,32,4U Accommodations 0.0 0.0 Equipment Operations and Maintenance Others 0.0 0.0 6,40,666 6,40,666 Total Cost (C=A+Bi3- 5,60.000 5,60,000 ffi 10,93,29,901 12,00,666 12,00,666 11.41% 68,00,03.246 178,83,33.147 otal Project Costfor 7.00% 18.41% -12014-1 Civil Works Utility Shifting 76.2 217,70,68,874 Land Acquisition & Rehabilitation & Resetflement 0.0 67,99,76,892 23.8 285,70,45,766 Consultants 0.0 18,38,04,726 100 18,38,04,726 a. Project Management 74,58,47,134 100 (i) Authority Engineer 74,58,47,134 (ii) 0.0 lmplementation Support Consultant (iii) 100 2,62,97,141 3,16,34,817 100 Wild Life externat Mbnitoring Rgency 3,16,34,817 b. Capacity Development 100 2,62,97,141 c, Others 0.0 0.0 1,, "_.1) 'i.i. {| Is {,i ,! {; {j t:J sj *) t.i rl )/ tJ i..l i1, l5 U id {J i& | L&& rJh' qb {J ,}

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Salaries Accommodations Equipment Operations and Maintenance Others 12,41,291 12,41,291

Total Cost (C=A+B 12,41.291 Yr of Total proiect-dost 220,33,66,015

<(,,/) ffort' Pro.fiect Director Asian Highway-48 Special Projeet Division ,*"\:6-" DEpUTY Slm€CT0R {lf'{$PEeTffi H} Sfflca of th* Pr, Dire*t*r ctAudit, Csntr*i, Kolkata Annexure 3

FOR THE YEAR ENDED 31.03.2018

Statement of Disbursement .:.s Details of the disbursement by rnethod are given below: :{* Cumulative Statement of Disbursement * Note Current Year Prior Year Proiect to Date ADB Fund claimed during the vear # Reimbursement" 6.1 105,70,82,538 220,33,66,01s 326,04,48,553 Imprest Fund3 6.2 a Direct Payment 6.3 Comm'itment Letter 6.4 Subtotal { (A) 105.70.82.538 220,33,66,015 326,04.48.553 Total Expenditure made OuringifrelEaF I (B) 178,83,33,147 384,58,70,875 563,42;A4,022 [-ess; Expenditure not y,et claimed (c) 5,12,47,363 5,12,47,363 t Borrowels share, (D't 68.00,03.246 164.25.04.860 232,25,08,106 s Total Eligible Expenditure ctairned (B - C -D=E=A) (E) 105.70.82.538 220,33,66,015 $ 326,04,49,553 per payments. -I IIg_ i9!r, :t",lditu.re as Statement of Receipts and s lhis should tally with the Government share included in statement of Expenditure by category and financier (column 6) ' lncludes both claims using SOE and full Jo"umentation "upporting s '13 Notes 4 to of the financial statements fon, r an integral part e of these financial statements *X

1.* Project Director Asian Highway4g & --#i**--.-'- Special Project Division dii'3q*6:$dr.etry*N '& s l.t'ffi "#'n @ 5_s i, '!-1a, ffiqtcilE-e q-r.r (o-.j xs,'i , .[ !a 'b,flg,*u'@*

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i 'ffri t Annexure 4 Page I of4

Executinq Agencv : Ministrv of Road Transport & Highways lmplementinq Aqencv : PIU-ll" Public Works Department (NH). Govt. of West Benqal Proiect : SASEC Road Connectivitv lnvestment Program - Tranche - 1 ADB Loan No.31 18-lND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31.03.20{8

1. Project Nature and Activities The Ggvernment of lndia has applied for financial assistance from the Asian Development Bank (ADB) towards the cost of SASEC Road Connectivi$ lnvestment Program (SRCIP). The SRCIP is a multi-tranche financing facility (MFF) that aims to improve about 500 km of priority road sections in the and Northeast of lndia, through an investment program set out in phases (Tranches).

The first tranche of the SRCIP covers two packages in North Bengal viz.: Asian Highway No. 02 from Panitanki to Banglabandha (about 37km) and Asian Highway No. 48 from to Pasakha (about 91 km).

ln Asian Highway No.- 48 project corridor, the road starts from Bhutan Border at Phuentsholing and ends at Bangaladesh border at Changrabandha comprises of route, Phuentsholing - Jaigaon - Hasimara - up to - then from Mainaguri - Changrabandha - Burimari (about 91 km) with a proposed Pasakha access road, including one LCS along the Pasakha access road is situated in g the State of West Bengal in the North Eastern Part of lndia. i 1.1 Description of the Project, the nature af activities, commencement and expected F completion dafes. Mention location, domicile, legal form, controlling lN EA, brief nature of project outputs, b the p. h Rehabilitation and up gradation to 2-lane with Paved Shoulders Configuration and Strengthening of Bhutan Border (at Pasakha) to Bangladesh Border (at h Changrabandha) comprising of Jaigoan - Hasimara - Dhupguri section and b Title of the Project Mainaguri - Changrabandha section (totaling 90.586Km) including proposed Pasakha access road of AH 48 corridor (herein after called the AH-48) in the state h of West Bengal under IND(471 16): SASEC Road Connectivity lnvestment Program p (sRCrP) h Ministry of Road Transport & Highways t Room No. 106, C-Block, CGO Complex, DF-Block, Sector-1 , Salt Lake, Kolkata- 700064 b Special Project Division, Public Work Department, Mainaguri, West Bengal.

F LEA Associates South Asia Pvt. Ltd. lmplementation Supporl 81 lE-27, Mohan Cooperative lndustrial Estate, p Consultant (lSC) p Mathura Road, New Delhi - 110 O44 h Feedback Infra Pvt. Ltd. 15th Floor, Tower 9-8, DLF Cyber City Phase - lll, Gurgaon- P 122A02 t lntercontinental Consultants and Technocrats Pvt. Ltd., Authority Engineer Br A-8, Green Park, New Delhi-110016 t H Annexure 4 Page 2 of 4

Punj Lloyd Limited, 17-18, place, 4"rg Nehru New Delhi. Mr. Naveen Chakravarti Vedula. 'r'*tj]"i Holtec Consulting private "1.,:"-"{, Llmited, Gurgaon, Haryana. Proof Check Consultant M/s pv,t. li*sr Transys Consulting Ltd., Gurgaon, Haryana. EPC Contract price *.t . r'-tl (Revised) INR 635,21 ,61,045t- it:-"tg 06 February,2015 'i-, ;,1-g EPC Appointed date 28th May 2015.

tE 24 Months

l': g (i) Project Mitestone I : lBODays Project Completion (ii) Project Mitestone il : 400Days -t, Schedule (iii) Project Milestone * lll: 650Days ' -:t (iv) Project Milestone IV: 910Days "tt ''9 Performance Security 7.5% of Contract price, Details (%, BG Details) shall be vaiid until 60 days after the DLp ''-. i, 6% of IPC Subject '--5 to Maximum of S%o of Contract Value. -i -'w:. 0.03% of the Contract price for project 9g9h {rV by which the Corpt"tion Outu precedes the Schedured compretion i. oit", to a maximum of 3% of the |i 'g "roju"t i ,t,-,-.p 10% of the C.P., in three installments of..c'P', (any,time after l) , ?"!" the appointment date, arong with an irrevocabre bank roi an I|]h, ill,H:"?ititionar suarantee amount equivareit ti ltov" of such Advance Payment (ii) 3% of c'p at,any time 30 days from 'ltw guarantee the-appointment date, arong with bank of an amount equivalent lo 110% ia (iii) of g p at-any time !o/o- 60 days from the date, arong I guarantee -appointment with bank ri .p of an amount equivalent to 110%. i ,.s 1.2 Give legislative framework

ri As per Loan It*r agreement and Facirity Administration Manuar 'i s STATEMENT OF COMPLIANCE =1,, These financial statements have been prepared in accordance with approved accounting standards' as applicable in lndia. This refers to the casr, tasis of accounting applied with 'i,r due regard to the Generar Financiar Rures, pwo coo"", Tr"r.rry codes, and simirar '{;'e financial rules and codes as are in effect and applicaur* io ir.," operations of the project. .h.J tru,4 l! iB hiL" Annexure 4 Page 3 of4

ACCOUNTI NG POLICI ES t 3. SIGNI FICANT 3.1 Financial Statements f",str'5 This comprises of the Statement of Receipts and Payments, the Statements of Expenditure by Category and Financier, the Statement of Disbursement and related notes and ff.{& appendices to the financial statements

,,s 32 Basis of measurement

rl.s Financial statements have been prepared under the historical cost convention and on cash >;q basis of accounting ''i{,^.i 3.3 Changes in Accounting policies ti'a There is no changes in Accounting Policies I I tF{ 3.4 Fund Flow mechanism

*.* Fund fl@

I ; ii iJ f---:- "i5 4, +i=r e< ::' xF -ri J j--i I j t aI :::f ,-,ri.lJi, 1D *h, p "PrJ ts= *[ 8_H "'lt $r { ;rrf D

-t Funds F!:os" ""EF Documeat$ F]ow r;p 3.5 Advances and other receivables #b I Advances given to Contractor and Consultants are treated as expenditure and these *"s advances will be adjusted with respective lPCs and Invoices as per terms of Contracts. ## i 3.6 Cash and cash equivalents #p J* Cash at Bank is only the part of Cash and Cash equivalents. No other cash in hand / bank *P are there except above stated account. d *r' 3.7 Accrued and other liabilities tlel4*r

FS"*T- l Annexure 4 Page 4 of4

No major liabilities which have not been accrued under the cash basis policy 3.8 lncorne

The only source of income of the project is fund received from Govt. of lndia and ADE l-oan which are recognized on Receipt basis. No other sources of income are available. {i "i.v Foreign currency tr"ansactions and translation a f{ot Applicable a 3"10 Allocation of Comrnon Costs $ No common costs are involved under this project. .$

a 3.1 1 lnterest Expenses and Financial Charges

$ Not Applioable

'rp 4. Funds Received frr:m the Government

l:9 in (tNR)'000 Current Prior Cumulatlve :){ Year Year Year to date

il* Government Coun{erpart fundi ng 68,00,03,246 164,25,04,960 232,25,09,106 {$ Amount Reirnbursable to Government 1 10,83,29,901 220,33,66,015 331 ,16,95,916

4 .{l

Total 1 78,83,33, 1 ..,{ 47 394,59,70,975 563,42,04,A22

-:'"1 5. DATH OF AUTHORIZATION ,;$ These financial statements have been authorized for issue by Shri Deepak Kumar Singh, ::6 Froject Director-AH*48, Speciai Project Division, F.W (Roads) Directorate, Mainagulri, West tsengal on 11.06.2018. i$ D ;$ 4fu''rrr ,t Projeet Director Asian Highway-48 t v Special Project Division { .:s

',d 0EpuTY STRECTOR {|NSPECTION} Offica of ihe pr. Director of Audit, , w CIenlml. iir-;!!qats

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ri? ;" I,9 E &* :$-p *_" s"? Annexure 5

I*ol"rnj,ntln ."t B"no"| Proiect : SASEC Road Connectivitv lnvestment Proqram - Tranche - 1 ADB Loan No.311B-|ND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31.03.2018

6. Funds Received from ADB

ADB Source of Funds - Method of Withdrawal

- By Reimbursement Method 61,37,62,310 281,71,28,325

Direct Pavment Commitment Procedure lau ADB Loan Total I Fv ADB Loan and Grant Total Fr, 1 t-'s This should agree with the advances/replenishments net of refunds in Statement 6.2. ii h,w t. 6.1 Funds Received from ADB through Reimbursement Method [-t9 f*=g Asla n,.,H i g hwCy 1,.i,,a8,r,,(,2o1 s:,1,6) withdrawal '::9 :. Date:of .l B_rehk,'Up,amount Aptlication Amount,!-n,XNR Amount in USD Reimburseinent :r'',: :,i ,,,,in,XNR, ,,r':',::, ' lrto, ' .,..-a+... ,,', ,v r::::r'RS .,;,' ;.:,:.,;.,25,3,7,46;000:00 j ::,,, :r ir: :::::.j !.d .',,.,,:,r:,,,:':,:,::::i::.:::r::ir :\ i-= ,.,"".":"r-;..r-,.*;.;-:.-.:'r:r..i iRS 1r iW, ,;:l':'::';,1;:1,',',,,,;:;,::.;,'3jrlOjragg.;60:i s43,496i17l: kdffi i. I:l::-:,i--: -:-tE::i.i:t:::s ',i Glaimed &;reimbursedrin 20ts-t6 (A) r1; \]} I 11,;.,:',r4r365;gae;ZO 1.,rr...... ,,...,.... :...... ,...... :.:...... :...... M :, :,:, ,'' , 06;05.2016 i ,],:RS,:. I i--y"loll i " 1f'9:119-):!e, t_w i wloos i .: , .,..22:A6,2OL6 RS I 3 3 J I i, :i. ; :r.::i.1,::i ;8;9 ffi:t i,.riii.t:tfii::i:i::=::tnl. r.V-tr!' . ivil t24,9L0.29 I _ iei; ... -,., i .-- " -.r...... ,...... :.:. im;a' in roiS;id :'b ut iii m n u'.se a,i n- ib i o:,',, I d-su L7 (BI I 4,s6e;oat.77 TOTAL C (A+B) & = ,1,595|Opo,753-00,1 ;,:,,,,,, 5sE,03or763.oo ,r8;934;419:97 ;B,d ffi Asian Highway - 48 (2O16-L7) l**.p '', i wA006 i, 21,O7.?Ot6 RS 19qr21 1r,396.00 i. iri.,,rbs,zrl;5ga. 0O "rJi i,, ,2r953;257,;16 wA008 :: 01,09.2015 i. :.::;:,r. ', qh --:------,RS ...221r623, 193.00 zzr.oz:,rs:.oo I z;so+,ssz.ia i+::i:::i: t::trt:.:.,:i:il.tt'.ii1]r:l:i::r:,::rrart :lr:r:r:: wA010 07.12.2016 q,b : , RS 1r .!72,5-12;480q00 : wA011 'Ii'"' dl i 13.12.2016 I ns t,atz,to+.oo i, L227,4zl.oo -' tl. .*.-..- -.i...j..... :---...*...... --*;*'I **---i -- --:----,- , ,t t, --- , ,L.i-''lr*i!'-':lir"l"*,1*'"*t,.',' i$$ql i ": -**G;;rr,o' f* :!,ii: 4l$ ,ih* 'tu,J ]B H& i wAols : 27.03.2077 i *r I 2aL,273,s34.o0 i zeLzzt,g=+.oi i claimed & reimbursed in 2O16-17 (A) | 1.292,18.21,948.00 i trzsz,Bzr,948.oo L9;269,O22.54'i ne.'"il s 'irdL alE Annexure 5

i i--"'- =--'- WAO17 20.04.20L7 I RS 7,796,694.00 i ;i 7,796.694,00t , lyo/Oyq,Uu ] L20#1z.1112OF .ri-..-,..---;---..------*--J-:*-.--,-.-,.i 'l ! i WA018 i 03.05:201703.0s.20r7 , , RS*i. ,,,.,o?;v,l661r,0oi.,307;716,611..9O ,, :307r716i0rt.00:soz,zreiOrt.oo! 4,794,,064.39 $*-.!,"1*.*+!+.t+L!ij:l L*:lr. i ! sd i T1:*Y:11-.:-ff I claimed in 2o16-u.but,r€imEursed in :2O17: i fS fsf, 3rsist3;90s.t00 I, 3r5,FtB,ios"oo 4,914,87.6,5O TOTALC= (A+B) 1603,335125*aO .il508,335,253.OO 24":t831899rO4 - ]::.re Asian Highway - 48 (2O17-18)

i YvA019 tOV;2O17 R5 t-* * 'LV irx,71g.2e.1roo 50,749,2.QQ"00 787,928.28 80,970,02i.00 1,257rtr3.4,49 wA022 03;1.0;2017 RS .:3;803,1187;O0 1,54f;ii63:00 23,54{106 ? s,q24.j00 ?d" ?1 q ?z wA023 i 11.10.2017 ':r":..:! i .:: ;-*_- , .*. =-_; $ i*213,173;r02:l0o tEZil,f{i2e2::00 1,P3S;,r57.Er [?$,018;8,10.O..Q ' g;oJlrz.Pg WAO25 t3r1?i2Q17 rrRS ,rdt.IrE76;s85,00 n4:1,p75i395:0o wA02? 2tr,,I2"2017 RS 50,749,200.00 7e1;.p36r54 : ], :it8.pli201B i wA0a6 '45 7,2,6*1*X5,00 {,,1t9r'92{.05 i :,0latrned:,&: reimhursed, in 2017-i8 (A L*.;*r;*.;-l: s13,762,31OiO{' : 9r502,515.r,r WA028 :::,' , ,o410+,rzbre jrl.x.;,16 iii l RS 5,924;61*t:00 it:r: 1,314',00 17,A63..72 ll::r-ni$;6$J

?8:360:?9

ia.1lni0-04.;776:0-0 t5"454.74 wAo29 .P6 n02.'q4;?OlB i 43'7.,395;i5AA..'00 20{r5q5:6n ,. 6,548,774.64 Claimed in 2O17-18 butrgimbursed in 2O18- t .,, , ..':r.'rr9',([]..,.j:l :,',:,,..,1':1"l :r'' i5J8a4;46ff.39

Note ; 1) Rs. 48,742,6601- of CivilWorks Cona 2) Rs' 2,5A4,7041- of lmplementation Support Consultant not yet claimed to ADE. o $r"\\Y Project Director Asian Highway-48 Special Project Division

'ffi[I"'lffs,]8f .t[o.f f Jff ) Centmt e"rf!:*ta , ". -., . .,..i.."_".ni:di*q+kaid

Annexure 6

rl f{OTES TO THE F$NANCIAI- ST.E,TEMENTS 17 FOR TI-IE YEAR HNDED 31.03.2CI18 '{' 6'2 Reconclliation of the lmprest Account s and the Bank statement is given below :t "{ I tq in (ll'lR) '000 [' Balance urougflt forward@ Pfior Year Current year l" 0 0 1v Add: .. I t$ Advancel l' Replenishment received 0 0 , during the year/periodl l{} lnterest Earned i- subt0tat(A) 0 0 ttx 0 !!9 Deduct: Payments s made during the year/period ',,rr, Replenishment /Liquidaiion ",,.1,: 0 0 Expenditure r 0 lq V"t to be ciaimed,,r ,. . rr,',,.,r. o Amount refunded during the ,uurrd*jo 0 0 s ' l,r.n Closing Balance ' ,,., q (B) ', 0 0 ']i q As per bank stateme*t ,,,. V Gdbyattu"t,eO) ol 0 I 6'2'1 The us $ equivalent notationqlamount $ held at the RBI in respect {mprest,'{ccount baran"" is of the above "',i., _ t/s $ (bank statement atta"rreo; , 6'3 Detairs of'Fayments rnade direcry by ADB are l. given berow , ', . (Not Appticabifu),, -:,li t 6"4 Detairs of payrnents made through commitment procedure (Nat App{iaabte) ., .*.,,,1\*1ffi"*;.... A6 Detaits of Grants :.S" ffi*Sh \ ffi o-*a' (Not Appticabte) , ', ffi ]: p, -r. r. *m:iI iE&i: , i,', &.,t r:-' ",,,..r...!ii.i.I' )ft1rtY Project Director *u"",i?ill5Jf lH?Iffi

IWithdrawal application-wise references required }'^,ff',t*' '[?,,'.],f,'[-f,:3i,*j[::ffJJi,:, Ce$trni. Hrit*rxrq . i--.j ii-*'i to--* irq /^ - ir*t t, ro (D

Amexure ,

Executinq Aqencv ; Ministry_ef EeadlaosBod & Hiqhwavs lmplernentinq t Benqa!

IUOTES TO T}IE FINANC;AL STATEII,IENTS FOR THE YEAR ENDED 31.03.2018

6.6 Details of disbursement claimed under the $tatement of Expenditure (SOE) Procedure are given below

DISBURSEMENT CLAIMED UNDER STATEMENT OF EXPENDITURE {SOE) PROCEDURE FOR THE YEARIPERIOD ENDED 3{.03,2018

tn '000 lmprest Total Total ADB Fund Disbursement SOE Amount Paid Financinq Net Eliglble Arnount Replenished/ Using SOE ot1 W/A No. Sheet 4 lo Expense Reinlbursed Liquidated Procedure I No. Category 5 6 (axS) v I 7+8=9 2 e a19123125126127 CivilWorks 8A,04,71,294 76.2% 60,99,59,123 60,99,59,'123 60,99,59,123 022 Consultant 38,03,187 100% 38,03,187 .38,03,187 38,03,187 Total for 12017-18'l 80,42,74,477 61,37,52,310 61,37,62,310 6'1,37,62,310 auBt4t6t8t1alfil15l18 CivilWorks 285,70,45,766 76.2% 217,70,68,874 217,70,68,874 217,70,68,874

ao5l11l17 Consultant 2,62,97,141 10Ao/o 2,62,97,141 2,62,97,141 2,62,97,141 Total for 12014-171 288,33,42,907 220,33,66,015 220,33,66,015 220,33,66,015 lThe financing percentages within the table for ADB funds are as per loan agreement Schedule 3. D {.n Project , :r,,.;.;r?,_;4{iqil o" ..: ffiJilIrtt*" t' u oili;r:' Asian Highway-48 ,;."' .'".u' -ffi" ":! "*, 4\*" $pecial Project Division p6ruTY ,;.,'f, tl-airsrm .e- ,z Si&E0T0R {ttr$FESTtSrdu .''.,r" of the Pr. 0iroetor ef AudlL'- ,!oraa ,crrs.#r;,t ,,' 0ffi*e - ''1' ,4 *,r'" Sentrel, Kolkata Annexure 8

IgIEg Io rHE FtNANctAL srArEMENrs FOR THE YEAR ENDED 31.03"2di8

7 -'13

lf any of the amaunts given on the paymeni" fecqrnfg and riqiiri f;;;;; Break-down, prwiAe this here Nofe

o Sarsr project Director Asian Highway.4g Special project Diviiion

i#tffi"'t-.dh\ ffiffie p4$'*/ \B 1r^ffiffi -"- ;fr DEPUTY DIRECTOR (IN$PECTIOi'I} Officeof the Pr. DirectorofAud[ 'Wgsf# Grr iilata ,it ',!p €,, Gj tj fj \} t& i5 (D \D,- i5'8} i& r-S ei, \# {"* is i.6i i6 t.ll, tt ,Ir {* t

Anncxure 9

For the cu[rent year enoed 31 Ur.2U1g [-or" the Prior year encfed j.0J.20 3 i7 j ci,mLriative from 0.i .04.2c.]4 to s.1.03.20i6 Budgeted Varience Actual I Utiljzelion Cost Categories Expendilures I Budgeted

INR (in I iNR (in Investment Costs Civil Works 51.73 I 426.7A Utility ShiftinQ 7 5.914/o Land Acquisition & Rehabilitalion & Resettlement Consultants a. Project lvlanagement . (i) Authority Engineer (ii) Implementation SuPPort Consultant 81 740/" (iii) Wild Life external Monitoring Agency b. Capacity DeveloPment Others Subtotal 147.16 ftg6rrl1snf Sosts Salaries Accommodation Equipment OPeration and Maintenance Others Subtotal Total Payments Financing Charges During lmplementation

L\\T Froj"ect EiiltlP 6 >4,,\^/ Asiam Flighway-48 Speeial Frojeet Divisior: il EPUT Y BrRE*T*ft {'r,i$p[c"r tOhd] Sffies of tlie Pr. *ir**tor *{ Audir, Crrrltal. Koli,:rra J.T ' | ) I 'if ..6.! -,"t! i. r&u (b .tfi- .d* :d d "dr .a

Annexure 10

ExeGul'nq Sgqncy--I$fdstrv of Road Transport & |l,!1 pleroeltlng4qen ev-flU -l l,e ubile_l&f qrks Depa rtrne!{_{ f,{HL G ovt. of Weg! Ee n qal Prqiect : SASEG Read._Cennectivitv.lnvestment proqraD - Tranche :,t . ADB Loan No;3jj[€.lNE

EXPENDITURE BY OUTPUT COMPONE}IT$

ln INR'000 Unallocable comm0n costs Outpul'1 Output 2 Output 3 Tctai ExpenCiture Prior Current Cum lo Frior Current Cum 1o Outrent Cum lo Prior LUrrenl Curn to Currenl Cum tc Prior Year Year Year Date Year Year Date Year Year .Dete Yeat Year Date Yeat Dete Investment Costs Civil Works Mechanical EquiPment Envirr:nment and Social Mitioation Consultants -a. Project Management- 5. CapacitY DeveloPment Others Subtotal(A) ?ecurrent Costs Salaries IAccommodation Gquipment OPeratlon and Maintenance Others SuOtotat 1e; Totat Cost (C=A+B)

%Tatal Project Cost

1 Allocate the expencliture to the diiferent Project Output Components as per the Loan Agreement. Add as many columns as required For common costs allocated, specify the sharing ratios in the note 3.10 (> nf* rrt'r Project p,,"ffir Asian Highway-48 d,r.,,r/ Special Projeet Divlsion

nEpuTY *fR**TeR (tN$pECT*SI,Il frfflce o{ tlre Fr" Birector *f ,&udit, **ntral, Kotkata