Qualifications submitted for 5 road PPPs in Uttar Pradesh, RFQ open for two projects

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Qualifications submitted for 5 road PPPs in Uttar Pradesh, RFQ open for two projects

The Government of Uttar Pradesh (India) has received qualification documents for 5 road PPP projects and has launched a request for qualification (RFQ) for two other road PPP projects.

The road projects will be developed on a design, build, finance, operation and transfer (DBFOT) basis.

The RFQ has been launched for the following two projects:

Interested parties must submit their qualification documents on or before 30 September 2015.

See tender announcement: http://www.upsha.in/tenders/notice_100815.pdf

Qualifications documents were submitted on 31 August for the following roads:

  • Garh - Meerut road (SH-14). The total project investment is estimated at Rs4.2 billion (US$63.3 million). It involves the development of a 36.5 km road.
  • Meerut - Baghpat road (SH-14). The total project investment is estimated at Rs4.5 billion (US$67.8 million). It involves the development of a 40.1 km road.
  • Chandausi - Badaun road (SH-43). The total project investment is estimated at Rs9 billion (US$135.6 million). It involves the development of a 164.17 km road.
  • Bahraich - Gonda road (SH-30). The total project investment is estimated at Rs2.5 billion (US$37.7 million). It involves the development of a 56.07 km road.

Yesterday we reported that the Indian Cabinet Committee on Economic Affairs approved 100 % equity divestment after two years of construction completion for all build-operation-transfer (BOT) projects, irrespective of year of award.

The approval would allow the concessionaires to use proceeds from the sale of divested equity to, among others, develop new projects and retire their debt to financial institutions.

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