Maharashtra Metro Rail Corporation Ltd
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MAHARASHTRA METRO RAIL CORPORATION LTD. (NAGPUR METRO RAIL PROJECT) Volume II - Draft Concession Agreement For Development and Operation on land admeasuring 19,889.90 Sqm bearing Kh. No. 98, 99(P) and 100(P) Mz. Dhantoli near Sitaburdi Interchange Station of Nagpur Metro Rail Project on Public Private Partnership Basis Tender No: N1PD-23/2020 August, 2020 MAHARASHTRA METRO RAIL CORPORATION LTD. Metro Bhavan, VIP Road, Opp. Dr. Babasaheb Ambedkar College, Near Deekshabhoomi, Nagpur – 440010. Website: http://www.metrorailnagpur.com Draft Concession Agreement for “Development and Operation on land admeasuring 19889.90 Sqm bearing Kh. No. 98, 99 (P), 100 (P) Mz. Dhantoli near Sitaburdi Interchange Station of Nagpur Metro Rail Project on Public Private Partnership Basis” Contents PART I- PRELIMINARY ................................................................................................................... 8 ARTICLE 1 DEFINITIONS AND INTERPRETATION ........................................................................... 12 1.1. Definitions ................................................................................................................................... 12 1.2. Interpretation .............................................................................................................................. 24 1.3. Measurements and arithmetic conventions ............................................................................... 26 1.4. Priority of agreements, clauses and schedules ........................................................................... 27 PART II- THE CONCESSION .......................................................................................................... 28 ARTICLE 2 SCOPE OF THE PROJECT .............................................................................................. 29 2.1 Scope of the Project .................................................................................................................... 29 ARTICLE 3 GRANT OF CONCESSION ............................................................................................. 30 3.1 The Concession............................................................................................................................ 30 3.2 Grant subject to obligation ......................................................................................................... 30 ARTICLE 4 CONDITIONS PRECEDENT ........................................................................................... 31 4.1 Conditions Precedent .................................................................................................................. 31 4.2 Conditions Precedent of Maha-Metro ........................................................................................ 31 4.3 Conditions Precedent of the Concessionaire .............................................................................. 31 4.4 Damages for delay by Maha-Metro in fulfilment of Conditions Precedent ............................... 31 4.5 Damages for delay by Concessionaire in fulfilment of Conditions Precedent ............................ 32 4.6 Genuine Pre-estimate ................................................................................................................. 32 4.7 Termination at Long Stop Date ................................................................................................... 32 ARTICLE 5 OBLIGATIONS OF THE CONCESSIONAIRE ..................................................................... 33 5.1 Obligations of the Concessionaire .............................................................................................. 33 5.2 Obligations relating to Project Agreements ................................................................................ 34 5.3 Obligations relating to Change in Ownership ............................................................................. 34 5.4 Employment of foreign nationals ................................................................................................ 35 5.5 Employment of trained personnel .............................................................................................. 35 5.6 Sole purpose of the Concessionaire ............................................................................................ 35 5.7 Obligations related to Sub-leasing of built up area .................................................................... 36 5.8 Authorised Representative and Project Manager ...................................................................... 37 5.9 Obligation with respect to Taxes, duties etc. .............................................................................. 37 5.10 Safety, Health & Environment Obligations ................................................................................. 38 5.11 Connections & Utilities for the Project ....................................................................................... 38 5.12 Approvals & Licences for the Project .......................................................................................... 39 5.13 Protection of the Site (Fencing) .................................................................................................. 40 Tender No. N1PD-23/2020 P a g e 1 | 167 Draft Concession Agreement for “Development and Operation on land admeasuring 19889.90 Sqm bearing Kh. No. 98, 99 (P), 100 (P) Mz. Dhantoli near Sitaburdi Interchange Station of Nagpur Metro Rail Project on Public Private Partnership Basis” 5.14 General Obligation in relation to the Project .............................................................................. 41 5.15 Obligations Related to Mortgage ................................................................................................ 43 ARTICLE 6 OBLIGATIONS OF THE MAHA-METRO .......................................................................... 44 6.1 Obligations of Maha-Metro ........................................................................................................ 44 ARTICLE 7 REPRESENTATIONS AND WARRANTIES ....................................................................... 45 7.1 Representations and warranties of the Concessionaire ............................................................. 45 7.2 Representations and warranties of Maha-Metro ....................................................................... 47 7.3 Disclosure .................................................................................................................................... 47 ARTICLE 8 DISCLAIMER ............................................................................................................... 48 8.1 Disclaimer .................................................................................................................................... 48 PART III- DEVELOPMENT AND OPERATIONS ................................................................................ 49 ARTICLE 9 PERFORMANCE SECURITY AND SECURITY DEPOSIT ..................................................... 50 9.1 Performance Security .................................................................................................................. 50 9.2 Security Deposit .......................................................................................................................... 50 9.3 Appropriation of Performance Security and/or Security Deposit ............................................... 50 9.4 Release of Performance Security ................................................................................................ 51 9.5 Release of Security Deposit ......................................................................................................... 51 ARTICLE 10 THE SITE ................................................................................................................... 52 10.1 Lease, Access and Right of Way .................................................................................................. 52 10.2 Procurement of the Site .............................................................................................................. 53 10.3 Site to be free from Encumbrances ............................................................................................ 54 10.4 Protection of Site from encroachments ...................................................................................... 54 10.5 Access to Maha-Metro and Any Government Agency Representative as directed by Maha-Metro 54 10.6 Geological and archaeological finds ............................................................................................ 54 ARTICLE 11UTILITIES, ASSOCIATED ROADS AND TREES ................................................................ 56 11.1 Existing utilities and roads .......................................................................................................... 56 11.2 Shifting of obstructing utilities .................................................................................................... 56 11.3 New utilities and roads ............................................................................................................... 56 11.4 Metro Alignment ......................................................................................................................... 56 ARTICLE 12 CONSTRUCTION OF PROJECT .................................................................................... 57 12.1 Obligations prior to commencement of construction