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  • Delhi-Gurgaon Expressway

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    Divya Chowdhry
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    The document summarizes the Delhi-Gurgaon Expressway public-private partnership project. It provides an overview of the project including key details like the 28 km length, construction period from 2003-2008, and daily traffic of 300,000 passenger car units. It also describes the toll plazas, financial structure involving both debt and equity, and risk allocation framework between the government and private consortium. Key learnings from the project involved issues around land acquisition, traffic forecasting, and contract management.

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    Delhi-Gurgaon expressway

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    The document summarizes the Delhi-Gurgaon Expressway public-private partnership project. It provides an overview of the project including key details like the 28 km length, construction period from 2003-2008, and daily traffic of 300,000 passenger car units. It also describes the toll plazas, financial structure involving both debt and equity, and risk allocation framework between the government and private consortium. Key learnings from the project involved issues around land acquisition, traffic forecasting, and contract management.

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    13 views21 pages

    Delhi-Gurgaon Expressway

    Uploaded by

    Divya Chowdhry
    The document summarizes the Delhi-Gurgaon Expressway public-private partnership project. It provides an overview of the project including key details like the 28 km length, construction period from 2003-2008, and daily traffic of 300,000 passenger car units. It also describes the toll plazas, financial structure involving both debt and equity, and risk allocation framework between the government and private consortium. Key learnings from the project involved issues around land acquisition, traffic forecasting, and contract management.

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    of 21

    DELHI-

    GURGAON
    EXPRESSWAY
    TABLE OF CONTENT
    Overview

    PPP Structure

    Key Obligations

    Toll Plaza Information

    Features of Toll Plazas

    Financial Analysis

    Involvement of Government Agencies

    Risk Allocation framework

    Efficiencies Achieved

    Key Learnings
    OVERVIEW
    Initiation in 1990
    Year 2001 MoRT&H Golden
    Quadrilateral Project and
    procurement bids
    BOT: 20 years
    Construction: 2003
    Project Completed: 2008
    Starts: Dhaula Khan
    Ends: Manesar (outskirts
    Gurgaon)
    OVERVIEW
    STAKEHOLDERS
    Public & Private Institutions : NHAI , DS Constructions and
    Jaiprakash Industries

    Government : Delhi Government & Haryana State


    Government

    Independent Consultant: RITES Corporation

    Users: Patrons
    OVERVIEW
    SALIENT FEATURES

    COST: INR 10 BILLION

    Length of Expressway: 28 kms

    No of Flyovers & Overpasses: 11

    Commute: 300,000 PCUs daily


    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
    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
    KEY OBLIGATIONS OF CONCESSIONAIRE

    Requirement to comply
    State support agreement
    Performance Security
    Collection of toll
    Transfer to the Government
    DELHI GURGAON EXPRESSWAY TOLL
    PLAZAS

    INDIRA GANDHI NEAR HALDIRAM ON THE NH DELHI GURGAON BORDER


    INTERNATIONAL AIRPORT 8 (THIRTY-TWO LANE TOLL
    (SIX LANE TOLL PLAZA) (EIGHTEEN LANE TOLL PLAZA PLAZA)


    TOLL INFORMATION

    SOURCE- HTTPS://TIS.NHAI.GOV.IN/TOLLINFORMATION?
    TOLLPLAZAID=272#:~:TEXT=TOLL%20FEE%20SHALL%20NOT%20COLLECT%20FROM%20LOCAL%20PERSONAL,%28PERSONAL%29%3A%20875%20MONTHLY%2
    0PASS%20FOR%20CAR%20%28COMMERCIAL%29%3A%201155
    FEATURES OF DELHI - GURGAON
    EXPRESSWAY TOLL PLAZAS

    Kapsch Metro JV Commissioned


    Total of 24 ETC
    Largest Toll Plaza
    Automatic Vehicle Classification Systems
    Interconnection
    Style through WAN Style
    One three
    FINANCING OF THE PROJECT
    Total(₹547.5 Cr.)

    Debt(₹383.3 Cr.) Equity(₹164.2 Cr.)

    HUDCO(₹200 State Bank Srei J&K Bank(₹15 LIC(50 Cr.) &


    PNB(₹30 Cr.)
    Cr.) Mysore(₹30 International Cr.) UTI
    Finance(₹25 Bank(₹37.30
    Style Style
    Cr.)
    Cr.) Cr.)
    One three

    Actual cost-₹1,175 crore


    FINANCIAL IMPLICATIONS ON
    VARIOUS STAKEHOLDERS
    DS
    Constructions

    Style RITES
    One
    Corporation
    INVOLVEMENT OF GOVERNMENT
    AGENCIES
    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
    RISK FRAMEWORK
    PRE-OPERATIVE RISKS SENSITIVITY RISK PERIOD

    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


    CONSTRUCTION
    SENSITIVITY RISK PERIOD
    PHASE RISK

    DESIGN RISK HIGH 0-5 YEARS

    CONSTRUCTION RISK HIGH 0-5 YEARS


    OPERATION PHASE RISK SENSITIVITY RISK PERIOD

    OPERATION AND
    MEDIUM THROUGHOUT
    MAINTENANCE

    MARKET RISK LOW THROUGHOUT

    FINANCIAL RISKS MEDIUM THROUGHOUT


    HANDOVER PHASE RISK SENSITIVITY RISK PERIOD

    HANDOVER RISK MEDIUM LAST 2 YEARS

    CONCESSIONAIRE EVENT OF
    MEDIUM THROUGHOUT
    DEFAULT

    NHAI'S EVENT OF DEFAULT LOW THROUGHOUT


    EFFICIENCES ACHIEVED
    Particulars Earlier Now

    Average Travel Speed 25.65Km/Hr 66 Km/Hr

    Average Travel Time from


    65 Minutes 25 minutes
    Delhi to Gurgaon

    Capacity (in terms of 6 Lane – 5 km 8 Lane - 22.3 Km


    lanes) 4 Lane - 22.7 Km 6 Lane - 5.4 km

    10 Grade Separated
    Intersections 20 Intersections
    Intersections
    KEY LEARNINGS
    Procurement of Land
    Support from Stakeholders
    Approvals
    Busy road leads more revenue
    Outdated Traffic forecasts
    Efficient contract management
    GROUP MEMBERS

    Divya Kaur
    Mohit Mahamulkar
    Ruth D'souza
    Srushti Prajapati
    Tanvi Khurana

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