National Highways Authority of India
(Ministry of Shipping, Road Transport & Highways)
Request for Proposal
For Empanelment of Financial Consultant for BOT
(Toll)/ BOT (Annuity), OMT, SARDP (NE) and
other Projects being undertaken by NHAI
Sh. B. D. Sharma
National Highways Authority of India
G – 5 & 6, Sector – 10
Dwarka, New Delhi – 110 075, INDIA
Tel : 0091 – 11 – 25074100 / 25074200 Extn. 2437
REQUEST FOR EXPRESSION OF INTEREST FOR INCLUSION OF
NAME IN THE PANEL OF FINANCIAL CONSULTANTS FOR BOT
(TOLL) /BOT (ANNUITY), OMT AND OTHER PROJECTS BEING
UNDERTAKEN BY NHAI.
National Highways Authority of India (NHAI) has been improving and developing stretches on Public- Private Partnership on BOT (Toll )/BOT (Annuity) basis. Ten number of firms have already been empanelled with NHAI
for providing Financial consultancy services in
respect of BOT Projects.
Now, NHAI intends to empanel/ engage more Financial Consultants, package/project wise for various projects/ packages. Accordingly, NHAI proposes to invite Expression of Interest to procure the services of more Financial Consultants for enlarging the existing panel. The financial consultants, so engaged, will be paid a consultancy fee of Rs. 10,00,000/- plus service tax per package/project subject to terms and exceptions as provided herein.
The services of the Financial Consultants / Consultant will be required intermittently till the packages (projects) achieve Financial Close. This is expected to last for a period of about twelve to fifteen months. The Financial Consultant engaged by NHAI will assist in all matters related pro ject s fr o m pr e -qualification till Financial Close of all the Projects including the warranties and undertakings required to be obtained from various project players at various stages and carrying out the “Due diligence” on behalf of NHAI as the Project Owner’s Consultant. The entire range of activities given in Section 2 hereinafter are required to be carried out by the Financial Consultant. Consultants are required to submit Expression of Interest for empanelment of the projects under NHDP. However, NHAI has a right to add or delete the project stretch.
NHAI proposes to upgrade National Highways under Public-Private Partnership concept. It has been decided to implement these projects on a Build, Operate and Transfer ‘BOT’ (Toll) /BOT (Annuity) basis. A Concession agreement would be signed between NHAI and a “Concessionaire” for each of the packages (projects). NHAI hereby invites Financial Consultants /
Institutions to propose empanelment of teams to assist NHAI through the entire process of bid and award through providing financial / legal advice, modeling and structuring for implementation of these projects on BOT (Toll)/ BOT (Annuity) basis.
2.2.1 At the Project Development Strategy stage, five distinct packaging exercises are identified in order to materialize the award and successful Financial Close on the BOT (Toll)/ BOT (Annuity) concept, consisting of the following:
2.2.2 Physical Packaging is currently in the hand of the engineering Consultants preparing the Detailed Project Report, which has to be implemented on a private sector investment (PSI) option study. 2.2.3 Strategic Packaging largely pertains to tolling strategy, traffic count, tolling technology selection, and optimization modeling. Key players in this stage are DPR Consultants, who have carried out tolling strategy, traffic count and optimization modeling. The Financial Consultant now proposed to be engaged by NHAI for inviting PSI in the Project will Review Detail Project Reports prepared by the engineering consultants and conduct any further detailed studies if required.
2.2.4 Investment Packaging is a two-stage exercise. The first part of this packaging exercise has been completed by the DPR consultants in...
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