2. O v e r v i e w
P P P S t r u c t u r e
K e y O b l i g a t i o n s
T o l l P l a z a I n f o r m a t i o n
F e a t u r e s o f T o l l P l a z a s
F i n a n c i a l A n a l y s i s
I n v o l v e m e n t o f G o v e r n m e n t A g e n c i e s
R i s k A l l o c a t i o n f r a m e w o r k
E f f i c i e n c i e s A c h i e v e d
K e y L e a r n i n g s
TABLE OF CONTENT
3. OVERVIEW
Initiation in 1990
BOT: 20 years
Year 2001 MoRT&H Golden
Quadrilateral Project and
procurement bids
Construction: 2003
Project Completed: 2008
Starts: Dhaula Khan
Ends: Manesar (outskirts
Gurgaon)
4. OVERVIEW
STAKEHOLDERS
Public & Private Institutions : NHAI , DS Constructions and
Jaiprakash Industries
Government : Delhi Government & Haryana State
Government
Independent Consultant: RITES Corporation
Users: Patrons
6. PPP STRUCTURE
Consortium- Jai Prakash Industries Ltd and DS
Construction Ltd
Negative Grant of ₹61.06 Crores
Special Purpose Vehicle
Engineering, Procurement and Construction Contract
7. KEY OBLIGATIONS OF NHAI
Undertaking land acquisition and providing the Right of Way
Operation and maintenance
Shifting of utilities and related expenses
Grant of Compliance
Loan facility
8. KEY OBLIGATIONS OF CONCESSIONAIRE
Requirement to comply
State support agreement
Performance Security
Collection of toll
Transfer to the Government
9. DELHI GURGAON EXPRESSWAY TOLL
PLAZAS
INDIRA GANDHI
INTERNATIONAL AIRPORT
(SIX LANE TOLL PLAZA)
NEAR HALDIRAM ON THE NH
8
(EIGHTEEN LANE TOLL PLAZA
DELHI GURGAON BORDER
(THIRTY-TWO LANE TOLL
PLAZA)
11. Style
One
Style
three
FEATURES OF DELHI - GURGAON
EXPRESSWAY TOLL PLAZAS
Kapsch Metro JV Commissioned
Total of 24 ETC
Largest Toll Plaza
Automatic Vehicle Classification Systems
Interconnection through WAN
12. Style
One
Style
three
FINANCING OF THE PROJECT
Total(₹547.5 Cr.)
Debt(₹383.3 Cr.) Equity(₹164.2 Cr.)
HUDCO(₹200
Cr.)
State Bank
Mysore(₹30
Cr.)
Srei
International
Finance(₹25
Cr.)
PNB(₹30 Cr.) J&K Bank(₹15
Cr.)
LIC(50 Cr.) &
UTI
Bank(₹37.30
Cr.)
Actual cost-₹1,175 crore
14. Delhi Jal Board
The Ministry of Defense
GAIL
BPCL
Delhi Development Authority
Haryana Urban Development Authority
GoH and GoNCTD
Haryana Tourism
Airports authority of India
INVOLVEMENT OF GOVERNMENT
AGENCIES
15. DELAYS IN LAND ACQUSITION HIGH 0-5 YEARS
FINANCING RISKS MEDIUM 0-5 YEARS
APPROVALS LOW 0-5 YEARS
SOCIAL RISK LOW 0-2 YEARS
PRE-OPERATIVE RISKS SENSITIVITY RISK PERIOD
RISK FRAMEWORK
16. DESIGN RISK HIGH 0-5 YEARS
CONSTRUCTION RISK HIGH 0-5 YEARS
CONSTRUCTION
PHASE RISK
SENSITIVITY RISK PERIOD
18. HANDOVER RISK MEDIUM LAST 2 YEARS
CONCESSIONAIRE EVENT OF
DEFAULT
MEDIUM THROUGHOUT
NHAI'S EVENT OF DEFAULT LOW THROUGHOUT
HANDOVER PHASE RISK SENSITIVITY RISK PERIOD
19. Particulars Earlier Now
Average Travel Speed 25.65Km/Hr 66 Km/Hr
Average Travel Time from
Delhi to Gurgaon
65 Minutes 25 minutes
Capacity (in terms of
lanes)
6 Lane – 5 km
4 Lane - 22.7 Km
8 Lane - 22.3 Km
6 Lane - 5.4 km
Intersections 20 Intersections
10 Grade Separated
Intersections
EFFICIENCES ACHIEVED
20. KEY LEARNINGS
Procurement of Land
Support from Stakeholders
Approvals
Busy road leads more revenue
Outdated Traffic forecasts
Efficient contract management
