Dausa - Lalsot - Kauthun section of NH-11 A

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The project envisages development of a 83.5 km long Dausa-Lalsot-Kauthun section on NH-11A under NHDP-IV. The project comprises of development of 34 km of project length to 4-lane with rigid pavement from Dausa to Lalsot and 49 km to 2-lane with paved shoulder with flexible pavement. The project will have 3 major Bridges, 12 minor Bridges, 1 Railway-over-Bridge, 3 Bypasses of a total length of 22 km, and 5 re-alignments of about 3 km. PNC Rajasthan Highways Private Limite, a project company wholly owned by PNC Infratech Ltd., will implement the project under a Build Rehabilitate Own Transfer modality. The concession period is 17.5 years including construction period of 2.5 years. Concession contract was awarded after a competitive bidding process based on lowest cost of construction and operation. The project agreement has been concluded with the NHAI within the framework of Hybrid annuity model. Under the HAM model, private developers and the state share the cost of construction in approximately debt/grant/equity ratio of 45/40/15. With regards to this particular project, equity contribution amounts to 8 per cent of the construction cost. Financial closure was achieved on April 3rd and confirmed by NHAI on 21 April. The sponsor achieved closure by tying up debt financing of 370.0 crore ($57.15 million) with undisclosed lenders. According to latest sponsor's presentation the financing breakdown of the project is the following: Grant 383.5 crore, debt 370.9 crore and equity 65.5 crore. Road upgradation should be completed within 2.5 years or in end of 2019. https://infrastructureindia.gov.in/view-project?p_p_id=viewproject_WAR_Projectportlet&p_p_lifecycle=0&p_p_col_id=column-1&p_p_col_count=1&_viewproject_WAR_Projectportlet_jspPage=%2Fhtml%2Fviewproject%2Fview.jsp&_viewproject_WAR_Projectportlet_ppp=Government+Infrastructure+Projects+%28PPP%29&_viewproject_WAR_Projectportlet_projectId=24903&_viewproject_WAR_Projectportlet_currURL=%2Fweb%2Fguest%2Fproject-list Sponsor's presentation on Factiva