1. P R O J E C T P R E S E N TAT I O N F O R
T H E H O N O R A B L E P R E S I D E N T O F PA K I S TA N
E X C E L L E N C Y A S I F A L I ZA R D A R I
CONVERSION OF THE EXISTING 136KM 4-LANE
KARACHI–HYDERABAD SUPERHIGHWAY
INTO A 6-LANE MOTORWAY (M-9)
ON BUILD-OPERATE-TRANSFER BASIS
Concessionnaire:
BINA PURI PAKISTAN (PVT) LTD

2. Bina Puri Corporate Profile
Some key information about the company as follows:
 Established Since 1975
 Public Listed Company Since 1995
Core Businesses Include :
Civil, Building & Infrastructure Engineering, Property
 Development & Management, Highway Concession,
Quarry Operation, Manufacturing of Construction
Materials, Polyurethane System House, Power Plant,
Utilities and Hospitalities
Certified with MS ISO 9001, OHSAS 18001 and

ISO 14001
Manpower Strength :
 950 staff with more than 35% technical and managerial
staff.

3. Annual Turnover ($ ‘000)
1,400,000 1,230,646
1,178,063
1,200,000
1,000,000 788,045
800,000
600,000
400,000
200,000
0
2009 2010 2011

4. Projects Experiences
BINA PURI HOLDINGS BHD is a public listed company on the
Main Board of Kuala Lumpur Stock Exchange and among the
biggest contracting companies in Malaysia, joining the Billion
Dollar Club.
The Group has completed more than 1,000km of roads and
highways, bridges, interchanges, waterworks and
land reclamation projects.
Building projects completed includes commercial
buildings, education institutions, hotels, hospitals, government
complexes and various types of residential projects.
Apart from actively participating in Malaysia’s rapid industrial and
infrastructural drive towards “Developed Nation Status by
2020”, the Group has ventured overseas covering
India, China, UAE, Thailand, Brunei, Indonesia, Nepal, Saudi Arabia
and Pakistan.

5. International Projects

6. Highway Concession Experience
Project Title KL-Kuala Selangor Expressway (LATAR)
Client Malaysia Highway Authority (MHA)
Concessionaire Bina Puri Holdings Bhd
Concession Period 40 Years
Capital Expenditure USD. 330 Million (Rs. 30.0 Billion)
Financial Close Achieved in 9 months
1) Bank Pembangunan Malaysia Berhad
Lenders
2) Islamic Development Bank

7. LATAR Expressway

8. CONVERSION OF THE EXISTING 136KM 4-LANE
KARACHI–HYDERABAD SUPERHIGHWAY
INTO A 6-LANE MOTORWAY (M-9)
ON BUILD-OPERATE-TRANSFER BASIS
M-9 PROJECT OVERVIEW

9. The B.O.T Concept
o Under the BOT Concept, the concessionaire (Bina Puri)
undertakes to design and build the proposed upgrading of
the 136km M9 Superhighway and to operate and maintain
the completed Motorway for the agreed period of 25 years.
o Bina Puri is responsible to arrange the finance for the
project and entitled to retain all revenues generated from
the Motorway operation within the concession period.
o The Employer (NHA) shall provide clear R.O.W and all
necessary supports including regulatory approvals.
o The Motorway will be handed over to NHA at the end of the
concession period.
o The BOT concept provides additional advantages as
compared to other arrangements in terms of more secured
project financing and expedient project delivery.

10.  The BOT concept necessitates the Concessionaire to complete all
the critical “home work” before the start of project works proper.
 M-9 being an operational highway ,BinaPuri has to conduct
additional works of Visual pavement assessment survey to study
the existing conditions which took about 50 days with a team of 6
engineers to walk on foot through out the entire 136 km.
 Apart from the above work Bina Puri has to carry out the
following :
a. Topographical Survey
b. Geotechnical Testing
c. Traffic Count Survey

11. d. Environmental Impact Assessment (EIA) Approval
e. Design of highway to convert from existing 4-Lane to
6-Lane , new Interchanges , Toll Plazas, Rest & Service Areas
and other allied buildings
* NHA has to facilitate the followings:
a. Handing over of complete M-9 Superhighway to Bina Puri
b. ROW Mutation letter in the name of NHA.
c. Clearance of all the squatters in the ROW.
d. Relocation of affected services/utilities
The above items are prerequisite for Financial Close by
Bankers

12. M9 Project Brief
Conversion Of The Existing 4-lane Karachi–
Hyderabad Superhighway into a 6-lane
Title
Motorway (M-9) On B.O.T Basis (136 km
length)
Client National Highway Authority, Pakistan
Concessionaire Bina Puri Pakistan (Pvt.) Ltd.
Date of Signing
Concession 16th January 2012
Agreement
Capital Expenditure USD. 203 Million (Rs. 18.26 Billion)
Concession Period 28 Years
Expected Financial
July, 2012
Close
Expected Date of
One (1) month after Financial Close
Commencement
30 months (Sectional completion will be
Construction Period
achieved in 12 months)

13. Financial Close : Project Capital Expenditure
o Financing is partly by debt via combination of syndicated
term loan and the balance to be funded through investment
by Bina Puri.
o Habib Bank Limited has consented to be the Lead Arranger
for this syndicated term loan and currently pursuing their
own internal approval.
o The syndicated bankers will be from both Pakistan and
Malaysia.
o Asian Development Bank (ADB) participation is important
because of their worldwide B.O.T experience and
knowledge of Pakistan. We plan to use their Guarantee
Product to stretch the loan tenure.
o However, ADB have some concerns on previous
concessionaire termination which we have requested NHA
to satisfy them.

14. Financial Close : Project Capital Expenditure
o Bina Puri have entered into Consultancy related
agreements worth Rs 1.89 Billion involving 13 International
and Pakistani companies and have to date spent over
Rs. 700 Million on the Project.

15. Technical Works Preparation Progress
Topography Survey 136km Completed
Pavement Visual Condition
136km Completed
Survey
Soil Testing Works Completed
Preliminary Design Proposal is ready for
Conceptual Design
submission to NHA
Scoping Meeting with stakeholders
conducted on 26/4/12.
EIA Approval
Report is getting ready for submission to
EPA Sindh by mid June 2012
Traffic Study Completed
Toll Collection System /
Traffic Control & Completed
Surveillance System

16. Technical Works Preparation Progress
Preliminary Schematic Layout for Toll
Architectural Design
Plaza, R&SA, Interchanges and Weigh
Works
Stations completed.
Completed –including manpower
requirement, security coverage, site
Operation Plan
office & accommodation, motor vehicles
& equipment and PR program.
Reconnaissance survey conducted and
Maintenance Plan various defects & distress identified –
Maintenance work program prepared.

17. CONCLUSION
Bina Puri’s project team is working very dedicatedly
to ensure all the technical and financial aspects of
the Concession Agreement are fulfilled, thus
enabling us to achieve the financial close and start
the construction work timely.

18. THANK YOU
FOR YOUR ATTENTION