47341-002: SASEC Road Connectivity Investment Program
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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 West Bengal 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 & :/rq q t, w\- 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 Anne.rrr, ROg toan tto. gtlE_tttE 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 ,} Anncxrr, 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:$dr.etry*N '& s l.t'ffi "#'n @ 5_s i, '!-1a, ffiqtcilE-e q-r.r (o-.j xs,'i , .[ !a 'b,flg,*u'@*<srJ :{v )vr'{'\'W" DEPUTY unECrSR (lNSPESTl0tl! -'1v Officr of lhs Fr. Sirector of Audit, Cenkal. Kolkata :1 -.y .E*{ v< ,.<i'? t.. 'i-r* ,',€ -'Ts i 'ffri t Annexure 4 Page I of4 Executinq Agencv : Ministrv of Road Transport & Highways lmplementinq Aqencv : PIU-ll" Public Works Department (NH). Govt. of West Benqal Proiect : SASEC Road Connectivitv lnvestment Program - Tranche - 1 ADB Loan No.31 18-lND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31.03.20{8 1. Project Nature and Activities The Ggvernment of lndia has applied for financial assistance from the Asian Development Bank (ADB) towards the cost of SASEC Road Connectivi$ 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 North Bengal 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 Changrabandha 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 Dhupguri - 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.