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TOLL ROAD PROJECTS IN INDIA ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
Risk management in “Toll based” Concession ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TOLL ROAD PROJECT ON 30 YEAR BOT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
MANAGEMENT AND ORGANISATION ,[object Object],[object Object],[object Object],[object Object]
Project Cost Related Assumptions     Rs Crs Remarks Base EPC Cost   80 Quote from EPC Contractor Price Escalation   5.08 As per calculations Estimated EPC Cost   85.08   Contingency 5% 4.25 As % of Estimated EPC Cost Total EPC Cost   89.34   Preliminary Expenses 1% 0.45 As % of Total EPC Cost Pre-operative Expenses   16.67 Total Pre-op Expenses as detailed below Establishment Expenses 1% 0.89 As % of Total EPC Cost IE/IA Cost 1% 0.89 As % of Total EPC Cost R&R Cost 33.14 3.31 Based on EIA Report Legal Charges 1% 0.54 As % of Total Project Cost Financing Charges 2% 1.45 As % of Debt Mobilised Interest During Construction   9.58 As per calculations Debt Service Reserve- 3 months   2.17 As per calculations Total Project Cost   108.63  
Details of Capital Structure   Rs Crs Debt 72.42 Equity 36.21 Promoters 51% 18.47 Strategic Investors 49% 17.74 Upfront Equity 50% Upfront Equity 18.11 Balance Equity 18.11 Interest 12% Tenor 12 Moratorium 2 Repayment 40 quarterly installments
Collection Of Fee Toll Charges Bangalore bypass : (Full rates) Toll (Rs) Multi-axle vehicles / other heavy construction equipment 90 Trucks 60 Buses 60 LCVs 30 Car / Jeep / Van 20
Salient features of concession agreement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Traffic Related Assumptions               Base Date  31st March 2010 for toll rates   2006 Unit PCU No. of Vehicles per day base growth rates Car/Jeep 1 2250 6.50%   LCV/Van 1.5 750 5.75%   Trucks 3 2200 6.25%   Buses 3 1250 6.00%   MAV 4.5 450 5.00%   PCUs 15750   Traffic Growth Rates   From Year ending 31st March 2011 2016 2021 2026 2031 2036 To Year ending 31st March 2015 2020 2025 2030 2035 2045 Car/Jeep 6.50% 5.85% 5.27% 4.74% 4.26% 3.84% LCV/Van 5.75% 5.18% 4.66% 4.19% 3.77% 3.40% Trucks 6.25% 5.63% 5.06% 4.56% 4.10% 3.69% Buses 6.00% 5.40% 4.86% 4.37% 3.94% 3.54% MAV 5.00% 4.50% 4.05% 3.65% 3.28% 2.95%
Traffic Growth Rates   From Year ending 31st March 2011 2016 2021 2026 2031 2036 To Year ending 31st March 2015 2020 2025 2030 2035 2045 Car/Jeep 6.50% 5.85% 5.27% 4.74% 4.26% 3.84% LCV/Van 5.75% 5.18% 4.66% 4.19% 3.77% 3.40% Trucks 6.25% 5.63% 5.06% 4.56% 4.10% 3.69% Buses 6.00% 5.40% 4.86% 4.37% 3.94% 3.54% MAV 5.00% 4.50% 4.05% 3.65% 3.28% 2.95%
Key Dates & Time Schedules Date of Concession Agreement 01-04-10 Date of EPC Contract 01-10-10 Date of O&M Contract 01-10-10 Commencement Date (CD) as per EPC Contract 01-12-10 Completion Date as per Concession Agreement (SCOD) 2.50 Completion Date as projected (SCOD) 2.50 Commercial Operations Date (SCOD) 01-06-13 Concession Period 30 End of Concession Period 30-11-40 Days of Operation for toll revenues in a full year 350

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Toll ppt

  • 1.
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. Project Cost Related Assumptions     Rs Crs Remarks Base EPC Cost   80 Quote from EPC Contractor Price Escalation   5.08 As per calculations Estimated EPC Cost   85.08   Contingency 5% 4.25 As % of Estimated EPC Cost Total EPC Cost   89.34   Preliminary Expenses 1% 0.45 As % of Total EPC Cost Pre-operative Expenses   16.67 Total Pre-op Expenses as detailed below Establishment Expenses 1% 0.89 As % of Total EPC Cost IE/IA Cost 1% 0.89 As % of Total EPC Cost R&R Cost 33.14 3.31 Based on EIA Report Legal Charges 1% 0.54 As % of Total Project Cost Financing Charges 2% 1.45 As % of Debt Mobilised Interest During Construction   9.58 As per calculations Debt Service Reserve- 3 months   2.17 As per calculations Total Project Cost   108.63  
  • 8. Details of Capital Structure   Rs Crs Debt 72.42 Equity 36.21 Promoters 51% 18.47 Strategic Investors 49% 17.74 Upfront Equity 50% Upfront Equity 18.11 Balance Equity 18.11 Interest 12% Tenor 12 Moratorium 2 Repayment 40 quarterly installments
  • 9. Collection Of Fee Toll Charges Bangalore bypass : (Full rates) Toll (Rs) Multi-axle vehicles / other heavy construction equipment 90 Trucks 60 Buses 60 LCVs 30 Car / Jeep / Van 20
  • 10.
  • 11.
  • 12. Traffic Related Assumptions               Base Date 31st March 2010 for toll rates   2006 Unit PCU No. of Vehicles per day base growth rates Car/Jeep 1 2250 6.50%   LCV/Van 1.5 750 5.75%   Trucks 3 2200 6.25%   Buses 3 1250 6.00%   MAV 4.5 450 5.00%   PCUs 15750   Traffic Growth Rates   From Year ending 31st March 2011 2016 2021 2026 2031 2036 To Year ending 31st March 2015 2020 2025 2030 2035 2045 Car/Jeep 6.50% 5.85% 5.27% 4.74% 4.26% 3.84% LCV/Van 5.75% 5.18% 4.66% 4.19% 3.77% 3.40% Trucks 6.25% 5.63% 5.06% 4.56% 4.10% 3.69% Buses 6.00% 5.40% 4.86% 4.37% 3.94% 3.54% MAV 5.00% 4.50% 4.05% 3.65% 3.28% 2.95%
  • 13. Traffic Growth Rates   From Year ending 31st March 2011 2016 2021 2026 2031 2036 To Year ending 31st March 2015 2020 2025 2030 2035 2045 Car/Jeep 6.50% 5.85% 5.27% 4.74% 4.26% 3.84% LCV/Van 5.75% 5.18% 4.66% 4.19% 3.77% 3.40% Trucks 6.25% 5.63% 5.06% 4.56% 4.10% 3.69% Buses 6.00% 5.40% 4.86% 4.37% 3.94% 3.54% MAV 5.00% 4.50% 4.05% 3.65% 3.28% 2.95%
  • 14. Key Dates & Time Schedules Date of Concession Agreement 01-04-10 Date of EPC Contract 01-10-10 Date of O&M Contract 01-10-10 Commencement Date (CD) as per EPC Contract 01-12-10 Completion Date as per Concession Agreement (SCOD) 2.50 Completion Date as projected (SCOD) 2.50 Commercial Operations Date (SCOD) 01-06-13 Concession Period 30 End of Concession Period 30-11-40 Days of Operation for toll revenues in a full year 350