Tuljapur - Ausa Upgradation

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The project envisages four laning of Tuljapur - Ausa (including Tuljapur Bypass) section of NH-361 under NHDP-IV with a total length of 67.4 km. DBL Tuljapur Ausa Highways is the project company that is implementing the road upgradation and is owned by Dilip Buildcon Limited (sponsor). Project is being developed on a Build Rehabilitate Operate Transfer modality. Once the concession period lapses, the project company will transfer the ownership of the project to the state. The concession period is 17 years including construction period of 2 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 40/40/20 or 40% of the bid project cost shall be payable to the concessionaire by the authority in five equal installments linked to physical progress of the project. Concessionaire shall have to initially bear the balance 60% of the project cost through a combination of debt and equity. The project total cost was reported at $139.6 million and is being funded through debt, grant and equity. Of the total cost the authority will contribute 40% in availability payments in 5 equal installments, with the sponsor providing $31.7 million in equity and arranging $52.1 million in debt. Lenders have not been disclosed as of January 2018. Financial closure was reported to have occurred on September 26th, 2017. 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=28119&_viewproject_WAR_Projectportlet_currURL=%2Fweb%2Fguest%2Fproject-list WB library files