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*7)q National l'lighway A uthority of lndia>' ,'
inistryorshipping, Road Transpo,xa lmgkways)Government of lndia
IM PROVEM ENT, OPERATION Ae M M NTENANCEOF REIIABILITATION AND STRENGTHENING OF
EXSISTW G 2-LANE ROAD AND W IDENING TO 4-L/tNEDIVIDED
HIGHW AY OF IfM 52.250 TO 1<M 131.000 OFM 1-58 (M EERUT-M UZAFFARNAGAR SEG ION INTHE STATE OF U'IV AR PM DESH ON BOT BASIS
UNDER NIIDP PHASE- l1l A
C O N CES- SIO N A G R EE N T
behveen
N ational l'lighway Authority of lndia,G 5&6
, Sector-lo, Dwarlta, New Delhi-llo 075
and*
- .. M /S W estern UP Tollw ay Lim ited,41
, Nagarjuna Hills, Punjaguta, Hyderabad -500082, Andhra Pradesh
SEPTEM BER 2005
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Natlonal Skiwzryxa4v/iorky oflndla Concessiou Agreement
TABLE OF CONTENTS
Yolume 1
CHAPTER - lPRELIM INARY
Pream ble
Detinitions And lntem retations
Scope Of Project21
CHAPTER - 11GRANT OF CONCESSION
Grant Of Concession
Conditions Prècedent
Pedbrmance Security
Fees
Concession Fee
Additional Toll-way
Capacity Augmentation8A30
* CHAPTER - IIlOBLIGATIONS AND UNDERTAKINGS
Obligations Of The ConcessionaireObligations Of NHAI
Representations And W arranties
Disclaimer
38
CHAPTER - IVPROJECT DEVELOPM ENT AND O
PERATIONS
UR And Development Gf The SiteM onitoring And Supervision Of C
onstnactionl4.
46
4- amng o to anmgar sectyon o on sjs
V OX X>(1 *% **' g
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National '/'ir/dls/fr.p.: Authoruy z/fazffz Concession Agreement
Completion
Tests
echange Of Scope
Operation And M aintenance
M onitoring And Supervision During Operations
lmdependent Consultant
Traffic Sampling
48
49
51
+(
iF e*
; .*
60
61
CI'IAPTER - VFINANCING ARIG NGEM ENTS
22, F inancial Close
Grants
Revenue Shortfall Loan
Escrow Account
State Support Agreement
lnstlrance
Accotlnts And Atldit
24
25.
63
64
65
67
70
70
28 .
CIIAPTER - VlFORCE M AJEIJRE
* 29 F orce Majetlre
CHAPTER - VlISUSPENSIO N AND TERM INATION
30. M aterial Breach And Suspension
Compensation For Breach Of Agreement
Termination
Divestment Ofltights And lnterests
82
82
88
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National ,S'léllslfz.)'.ç Authorlty oflndla Ctlncessltpn Agrtremellt
CHAPTIïR - VIIIMISCELLANKOUS
Defects l-iability
Assignments And Charges
Change ln Law
Liability And Indemnity
Rights And 'ritle Over The Site
Dispute Resolution
Disclosure
Redressal Of Public Grievances
Advertising On The Site
* 4t).
42.
Governing Law And Jurisdiction
M iscellaneous
*
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Natlonal Hlghnvays zdzzz#zzrlzy'* oflndia Concession Agrecmcnt
VOLUM E 11SCIIEDU LES
SCHEDULE NO. PARTICULARS
*
A
B
C
D
EF
GHlJK
SITE OF THE PROJECTSCOPE OF TIlE PROJECTPROJECT FACII,ITIES C I-6SPECIFICATION & STANDARDS D l-2 IAPPLICABLE PERM ITS E l - 2BANK GUARANTEE FOR PERFORM ANCESECURITY F 1 -14
A 1 -4 1
B l - l t'
M
N
O
SCIV DIJLE OF USER FEE G 1-4PROJECT COMPLETION SCIIEDULE H 1-2DRAW INGS l 1
TESTS J lCOM PLETION CERTIFICATE K, K1OPERATION & M AINTENANCE
REQUTRENfENTSMONTHLY FEE STATEMENT COLI-ECTIONSTATEM ENT M 1SELECTION CRITERIA FOR INDEPENDENTCONSULTANT N l-3TERM S OF REFERENCE OF îNDEPENDENTCONSULTANTTRAFFIC SAMPLING
ESCROW AGREEMENT Q l -22STATE SUPPORT AGREENIENT R l - ' 7
SAFETY REQUIREMENTS S 1-22CRITERIA FOR LIST OF CI IARTEREDACCOUNTANTS
@ O 1 - 3 9P 1-2
f?RST
SUBSTITUTION AGREEM ENT U 1-18VESTING CERTIFICATE V lPASSENGER CAR UNIT FACTORS W l
REPORTING Ahlll RECORD REQUIREMENTS X l-B
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! National Higlt Ffvzlw Authority of plz/ftd Concession AgreementANNEXURESAnnextlre 1 NIIAI Letter No
- NIIAt/BOT/I 1019/7/2003
Dt. 19.02.2004
Details of minimum machinery & key personnel ' 11 l-2
Gazette Notification of GOI ehtrusting M eerut
-M uzaffarnagar Section of NH 58 to NIIAI
Annexure 11
*Annexure 111
I11 1 - '! 1
Annexure IV NIIAI Letter No. NIIA1/l1OT/11019/7/2003/152
1)t. 23.03.2005 (LOA)
Letter No. NCC-M AYTASICONSORTIUMI/NHAI/2005-06/05 dt. 05.04.2005
M emorandum of understaniling
Anllexure V
IV 1-2
V 1
Annexure V1VI 1-5
Annexure VII Iaetter No. NCCJI1O-ROADS/05-0&009
dt. 25.04.2005* V'II 1-44Annexnre VI1II Letter No. NCC/HO-ROADS/2005-06/32
dt. 16.05.2005 VIII 1-5
Annexure IX
Annexure X
Letter dated 24.08.2005 from M /s NCC
Letter dated 24.08.2005 from M /s M aytas
IX 1
X 1
Volume 111
Alignment Plan & Profile, lntersection Drawing,
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fe/t DELHI 763369CONCESSION AG REEM ENT
into at. . - ?xz-f-z.z. . .- &. .c.II ).r..' ... .-on this the - .. . .) . z'-.0 .. day of-n is Agreement is entered/c/ft'c/..4,sz.., 200wQ-.. BETWEENSC . . . .
NATIONAL HIGHW AYS AW HORIW OF INDIA, a statutory bodyconstimted under the pmvisions of the National Highways Authority of lndia Act,198:, and having its principal office at G-5&6, Sector-lo, Dwarkw Ntw Delhi-l 1* 75 (hereinafter referred to a.s SKNHAI'' which expmssion shall tmlessrepugnant to the context or meaning thereof ix luding its administrators,
successors and assigns) of the One Parq1 , AND
2. M /*. W estern UP Tollway Limited, a company inco> rated under thepmvisions of the Companies Acta 1956 and having its registcred oftsce at 41,
Nagarjuna Hillss Punjaguttas Ilyderabad - 500082 in the State of Andlma Pradesh(hereinafter referred to as the uconcessioMire'' or Gcompany'' which expressionsball tmless repugnant to the context or meaning thereof include its successors and
m iûe substitutes) of the Other Part.
NHAI a d the Cosçesxillaire are hereinafter referred to a, Gparties'' jointlyAnd a *CPArt:A individualk.
- anjng o Meenzt to rnagar sect'on o 11 : on asîspage l
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National HlghwaysAuthority tz/fpll Concession Agrcemtnt
W IIERE AS
A NIIAI is keen to implement a project envisaging lmprovement, Operation andM aintenance. Rehabilitatiort and Strengtllening of the existing 2-lane road andwidening it to 4-lane divided highway of M eerut to M uzaTalmagar section of
National Ilighway 58 (NH 5B) from Km 52.250 to Km 13 1 in the State of UttarPradesh on Build, Operate and Transfer (BOT) basis (more particularly describedin Schedule çA' 'B' and tC' hereunder and hereinaller referred to as t'the Project''or ''the Project Highway'') and has carried out feasibility study alld detailedproject report for the Projectt
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B. Nl.1A.l is responsible l))r development and maintenance of scctions of NationalHighways in lndiaa which are entm sted to it by M iniste of Shipping, RoadTransport & Highways (MOSRTAH) earlier called Ministry of- Road Transport &Highways (MoRT&l1), including the project section described in Recital kA'abovek
M OSRT&H had invited Proporsals for empanelment of BOT Entreprenetlrs forFour-laning of National Highways under the National l lighway Development
Prop-am. called NHDP Phase IH (earlier called NOn-Nl4Dpl on BOT basissubject to and on the terms and conditions contained therein and empanelled theBOT Entrepreneurs.
Upon empanelment, MOSRT&H invited Request for Proposals from empanelledBOT entrepreneurs on 19 September 2003 and subscqtlent to that NHAI hadthrough Addendum No. l issued and prescribed the teclmieal and commercial
terms and conditions vide its Letter No NI-IA17BOT/I 10 l 9/7/2003 dated 19February 2004 (iithe 'render Notice'') and had invited Bids from the empallelledBOT Entrepreneurs including, inter alia, the consodium comprising NagarjunaConMruction Company l 'imited and M A YTAS INFRA PRIVATE Llltf I-rL-D
(collectively the t'Consortiump') with Nagarjtlna Construction Company l-imitedas its Lead Technical M ember and MAYTAS INFRA PRIVATE LIMITED as itsLead Financial Member, for undertaking, inter aliaa the work referred to in Recital' A' above on BOT basis.
E. Aher evaluation of the Bids so received, NI4AI accepted the revised Bid of theCongorlium and issued its (vetter of Acceptance No NI'IAI/BOT/ 1 1 0 1 9/7/2003
'd 005 (4tLOA'') to the Consörtitlm requiring, inter alia its152 dated 23 March, 2
,
confinnation of acceptance of the LOA. the execution of this ConcessionAgreement within 30 (thirty) days of the date of acceptance of I-OA andfurnishing of Performance Security before signing of the Concession Agreement
.
The Consortium accepted the said LOA and the terms and conditions therein and
4- g o eend to anmgar = tlon o on ls gQ. la'&
w: * * fo > Paue 2s . e4. tt/o oo R f-2 -. m:>. , g :), y g *. x.- q s 'ck x:rz r @ -4jk
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National fêkk#n'êzJz.&' Autltori@ oflhilia Concession Agreement
issued its acceptance of the l-()A vidc its Letter No NCC-M AYTAS' ' JM)/ NI'IA1 l 2005-06 / 05 dated 5tX A riI 2005(CONSOR l lt p .
Stlbsequently, the Consortium has promoted and incomomted tlle Concessionaire
1ts a limited liability company to enter into tlûs Concession Agreement pursuant tothe 1-OA for undertaking, inter alia
, the design, enginceringa fsnanciflgvprocurelnent. construction, operation and maintenance of tlle Project Highway
, asdef-ined hereinafter on BOT basis as rcfen'ed to in Recital #A' and to fulfill otllerobligations of the Concessionaire pursuant to the LOA and has requestcd N11A1
.
01 A ril 2005 tovide its Letter No NCC / HO-ROADS / 05-06 / 009 dated 25 p .
accept the Concessionaire as the entity which shall undertake and fillfill andperform the obligations and exereise the Iights of' the Consortium under the LOA
,
including the obligation to enter into this Concession Agreement for the design,
engineering. inancing, procurement, construction, opemtion and nmintenance ofthe Projcct Highway on BOT basis.. 'l-he Consortium has also submitted tllePerfonnance Security of R.s. Ten Crores and Seventy Seven Lakhs for the Projectvide its Letter No NCC / ROD-ROADS / 05-06 I 025 dated 30tl' April 2005
.
G. The Concessionaire has vide its Letter No NCC / HO -ROADS / 2005-06 / 32tlt 2005 furnished a legal opinion from a legal cotmsel on its behalfdated l 6 May
representing that it is validly organized and duly authorized to enter into thisConcession AgTeement and 1 1511 a1l its obligations under this ConccssionAgreement
I1. NHAI hms agreed to the said request and Representations of the Consortium andConcessionaire referred to in rccital 'KF>' and tçG*' above and has accordinglyagreed to enter into this Concession Agreement with thc Concessionaire pursuantto thc LOA for, inter alia
a the designy engincering, financing. procurement,construction, operation and maintenance of the said Project Highway on BOTbasis.
1. It i& deemed necessary and eypedient to enter into thiq Agreement to record the
.terms and conditions of the said Agreement between the Parfies.
NOW THEREFORE IN CONSIDEM TION OF THE PREM ISES AND THEM UTUAL COVENANTS ITEREINAFTER CONTAINED
, THE PARA'IES'fIERETO HEREIIY AGREE AND TIN S AGREEM ENT W ITNESSETII
ASFOLLOW S:
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DEFTM TIONS AND INTERPRETATIONS
Definitions
d-laning of Meenlt fo M uzaaf arnagar section o Nlf .sg oII Ilor jjasi-q - ----'- Q-SZEP.'S,- ------ --- -*%
c#. .m page y
$ 111, (D ...#t0..o e tkl o*%. N vp Zxm.2Y ç
lt q /? x-d !4x> .
- . * ' ) A)--t. * e
i. '< .' < >l . .*et6 i 4. +*
l n this A gpt-tel'l lttnt . t he ft) I lovv i ng B't-Al'ds antl ex pl'ess 1 ( 'l'ts kk !''tt l l , t! 11 Iess 1't.? l'lt I g 11 tl I 't t t othe conte xt or fneani i)g tlle reof ol' tll'k less ex press l y prov i tled ot l)c l''sv i se
, l ) :1 ve 1) l'dtrnleani ng llel-eillaftrr respecti vely assiglled to then) :
*
ttAdditional Faci I ities'' means the facil ities which tlle Concessionaire I-nny provide
or procure for tbe benefit of the usel-s of the Project llighway and which al-e ( i) i 11atldition to the Project Facil ities, and (ii ) not situated orl the Si te.
ktA ffected Party'' shall have the m eaning set out in Clatlse 29. l .
'-Agreenàent'' means this Agreem ent, the Schedules çA' througll 'X ' anf'l Requestl7or Proposal (RFP) hereto and any alzlendnRents thereto matle in accoruapce withthe provisions contained in this Agreem ent.
ttA pplicable Laws'' means a1l laws, promulgated or brougllt into force and effcctby the Government of lndia (GOl) or Government of Uttar Pradesh (GOUP)including regulations and nlles m atle tbereunder
. and the judgements. decrees,injtlnctions, writs and orders of any court of record', as may be in force and eftkctdtlring fhe subsistence of this Agreement.
*
4tApplicable Perm its'' means all clearances, perm its, authorisations. consents and
approvals requircd to be obfained or maintained tlnder Applicable l-aws in
connection with tlle design, engineering, financing, proctlrement. constnlctionv
operation and maintellance of the Project Highway during the subsistence of tlaisAgreem ent-
''Appointed Date'' l'neans tlle date i 80 Jays f'!-()m signing (7f this Agreenaellt.
*. *ttArbitration Act'' m eans tlle Arbitration and Conciliation Act
, 199. 6 and shallinclude motlifications to or any re-enactment thereof as in force from time to tinle.
''Associate'' means in relation to either Party and/or Consortium M embers, a
person who controls, is controllcd by, or is under the common control with sllcl)Party or Consortiull) Menlber. As used in this definition. the expression t'colltrol''naeans w ith respect to a person which is ;R corporation
, the ownersltip. dir--ctly c'rindirectly, of more than 50% of the sllares w ith voting rights of such person, andwith respect to a person which is not a corporation
, the powel' tf) direct themanagemcnt and policies of such person, whethcr by operntion of lnw or bycontract or othelavise.
*
4-lar1i njl ot' N'feertlt lo h/'f uzal'f'arnagar sectit )I, (Jt' NI ! 514 on 1:1(-)p,1. llasls .44 zja
..$ 11 > (r.-sKN '' .j#,L.% ..''-- . 'A3z y Ot'
.#' 1. ttï MgF j zr < C).. .. . . . z.xv'-..c. . , '. o 4
. p .'x-;.. > , Jr .a zp v lsp.î
'
.. ' .' * 'i,' . ? $g$. Xx ' c . av'-ts -. e x:.%ejy ...w .... . Nykhi . *.
çt B ;1 1) k'' nzeans a ban k i ncfarplnpate(.l i 11 I 11t.1 ia êlnd l 1.:1 5, i f') g a 1'ni n i l '1' t! 11 1 l1e t hAz(.-)l'( 1) ()') f
lts . l 0,t.)0(.) In i l l if.)II ( 1,). tlpees tcn thtltlsêinl'l I'ni l 1 itnn ) ;.'t n(1 l1a vi f1g t'l bf';t ncll i 11 f l le
prox i ln i ty () f t he Project or at ally ('lt her pl ace acceptaln I e to N I 1 A 1.
ktl'! id'' menns the tloctllnents in their entirety colnpl'isecl in the bid subll'ii t ttd by theBidder in response to the Tender Notice in accordance wi tl1 tlle provisions
thereof.
t'Bid Security'' means the security provided by tlle Bidder to NI'1Al along w ith theBid in accordance with the Tender Notice and which is to relnnin in force tlntilsubstituted by tlle Perform allce Security.
i'Bidder'' means the Consol-tium referred to in Recital 'D ' above.
*
'tcapacity Augmentation'' means addition of z-lanes to transform the ProjectHighway from a 4-lane carriageway with pûved shoulder to a 6-lane carriageway
with paved slloulder to maintain the desired level of selwice to the userq of Projectfacility.
<'COD'' means the commercial operations date of the Project Highway and sllallbe the date on which tlle Intlependent Consultant has issued the final Com pletion
Certificate or the Provisional Certificate certifying Completion of the ProjectHighway in accordance with Allicle XV l of this Agreemeltt.
%<cllange in Law'' means the occurrence of any of the following after the dltte ofyltis Agree-snlent*
the, enactment of any new Illdian law ;the repeal, modification or re-enactlnellt of any existing Indian law ',
the commencement of any lndian 1aw which has not entered into cffectuntîl the date of tllis Agreenlellt',
a change in tlle interpretation or application t)f any lntlian law by Ct coul'tof record as com pared to sueh interpretation or application by a court of
record prior to the date of tllis Agreement'. orany chnnge in the rates of any of the Taxes.
1*(t'l)a 1) ge of Scopc' ' shal l have t l1e n'lean i ng ascribed thel-eto i n C-, lause 1 7. l .
. . . . - - ...-4 - l a n i ll,j! (')f M ttel'u l to M u za ff a rnagar sect i() n o f NH 5 hl l pn B ( 1-1 lhasi s txb 4, xQ,
.-Y ô>$ l<I $okA . -A7 .G %
++ .> - =! ,
''s
Dvo zo.'# N-.s.,.. , y. zz ,.kx .... - , yx
. e.:.;k 7 .L%. I '? 1.% tç -* .>. r
d, w.zz j%e'z4 'p......-,......-,t ,o%M'Y # f X
''Concession'' shall have the l'neaning asc l-ibed thcreto in A l't icle 11 1.
'tconcession Fee'' shall have the. nleaning ascribed t hcreto in Anicle V II
.
ttconcession Period'' n'teans the period beg inni ng from tlle Appointed Date andending on the Terfnination Date.
t'Concessionaire'' means Nf/s. W tlstern t1P Tollway Limited
, a com panyincorporated under the provisions of the Companies Act, 1956 and having i(sregistered office at 4 1 , Nagarjuna Hills, Punjagutta, Hyderabad - 500082 AndhraP
radesh, and its successors and substitutes expressly approved in writing byNH
AI.
*
*
K'Consortium '' shall have the m eaning set folch in Recital %D' above. 61.
ttconsortiun: M enlbers''y
means as per the lljd jn response to tlae RFP )x' -
yjjj-yayycb n s t 17.1 c t j o n Co m p a n y L j na i t e (1 h a v j n g j a re g j s te re t.j o f j-f c e a ( 4 1 x a g a j u I)Y V :1 tl ZPtlnjagutta, Hyderabad - 54.)008: Arlyjjlra pyutjesjj ajlty jaavjyjg xjo0 sjjar j
S'
Consortium and MAYTAS jxsrt e 11 tlleA PRIVA'J'S t-lu l-j-jjp jjavjng jts regjstered
office at 6-3- 1 1 86/5/,. Ju sj(xm
.l;., aAxyussj;ji jsiazu, sotjjyyyjymj, yysjjyyyyjytyjy .yjyjjjy y yy
s
Andhra Pradesh ang llaving 50% slaajv in the consortium. xagarjtjna 'Construction Comj?any I
wjnajtetj js tjae j-ead augjynjca) Nyeyyjyer ar)d uayyus
INFRA pRlvA-jz I-ju jvss ks tjle utujz jzjjyajjojaj uejujler oj- rjye cousoujum
.
ç'Construction Period'' means (he peritod beginning from the Appointe.d Date andending ofl the COD.
xxconstnlction svorks'' menns all wtolks and things necessary to complete theProject Highway for use of tlle (raff'ic antl other users thereof i
n accordtlnce withthis Agreement.
sT8/?Q' +4 - lan i njl of' Meenjt (() M tjzaf'rarnagaf' sectiol, of' NH .5: ()n I'.
l ().j-. tltjsjs -- 4.*$$/ - (Je. - - - - .- -. -.fNo. et *1 @
... o --f+ v u; paçle (). o
+ .s v ,-x.fv.t,% x .. z' 'x
u < .t . /. s /p Avybe: ....j.. y, 4#.
.-. & go - z .* x
e. 'Y'z< z S''' >. ...x' x4 <.--.- - .;* u$e e! $.
-4(-'t1re, Period'' llleans t l1e pel'iod slAeci f'led in tllis Aggcelllel) ( lknr ct1 ri ng any bl'eacl)or tlefau l t o f an y pl-ovi sitlll () 1- ( h i s zxNgl-ee l'llent by f he P
Ctrty pe spons i b Ie 1-01- suc ilbreach or de fatllt and tlpof) fni I 1 ng of Nvlèic. 1) t l)e rNgl'eenlent I't-lay be tel-flai natetl by(he other Party .
@ %%Debt Dtle'' lneans the aggregate of t he following sunas expressed in lnd ianRtlpees or in the currency of debt, as tlte cflse naay be
, otltstandi ng and payable tothe Senior Lenders under the Financing Doculllents:
the principal amount of the debt pl'ovided by the Senior l-entlers under theFinancing Docllrnents fol' tinancing th
e Project (the ltprincipal'') which isoutstanding as on the Terminatit'm Date bllt exclttding any part of theprincipal tllat had fallen dtle for re
payment one year prior to theTennination Date unless stlch repay
ment had been reschedtlled with theprior consent of NHAI
A' and
@
(ii) aII accrued j nterest, fillancing fres and charges pnyable on oj- jn respect ofth
e debt referred to in sub-clause (j) above tlpto the date precedfng tjleTerm fnation Date but excluding (a) any jnterest, fees or charges thaf ?)atj,
fallen dtle one year prjor to the Ternai natîon oate and (j)) penaj jotej-est rjrcharges, payable tlnder tlae p'jylancjng o
ocuments to any senjor I-endey.
Ekt-lebt Servw' .e Paynlents'' m cans thc spm of all princjpal and int:rest paymentsdue and p ayable in an Accottnting Ytlar to the Senior Lenders under the FinancillgDocuments
.
çtflevelopnxcnt Period'' nleans the pcriod fkonl llle date of this Ag
reement until tlleAppoillled Dûte.
ttDispute Resoltttion Procetlul'es' fneans the plxlycedure for f-Aisptlte Resoltltion setfol'tl) in Al'ticle XXXIX.
4 - l a n l n j? f ) l M t? e ru (-----t o :,j u z a t't':j ,.n a g :j r-st'-(.-.-4 y () y)'-ra f. x j 'j-pvj.----rj-=t ) v- j ,-- .- .
YX S Rt)l1 ---' C1% t)q -C7' -----1 Hl .%ew %
kvoy (0 . -d J+ j
. y o o m yo. . k r. ç '..t , , ! ..,--4, v,w zzf ...- .
-. .. , / ,xj t ,.v. . .. . s. y ..a. ''l x -a
'
. . * / ... . M* 4 .z$. .. t'i , z. a ..$d? Nxx ... xxt'.; '.. .. - -- - v'uz
'
i ? ïl * k#
hkttiolttl'l lltkh ptztz v.ç zl l///?t)ri'?y of //?t'/@a C-tttlce ss icln f'kgj t.e lllejlt
- .13 i vest r l-le l t t fkeq tl i relllel) t s 9 1 I llealls ( i)c ob l i gatiot'ts 0 f tlle (--ollc-ess ion a i re an dlN1 iIA l fo 1* t'lnd 11.1 respcct o f tl'le 'l-ttrl'l ) i nat iof) o f tl1 is A
gl'ee nlen t as sel fot-t 11 i 1)zzîl'f'icle XIX'X l l 1.
ttll-locufnenl'' or ç'Dclcunlentation'' nleans docttnlelllation prill ted o1. i n Nvl-i tlenf(')f'ln, tapes- f.liscs, dravvi ngss conxptlter progralnfues, Nvriti ngs, reports,p hotograp hs, cassettes, or expressed i n any other written, atldio ol- vistlal forln .
''Dl-awillgs'' naeans a1l the drawings, calculations and docllnlents pertaining to tlle
Project Highway as set fol4l) in Schedule 1l9 rtnd shall incltlde t#as btlilt'' drawingsof the Pl-oject Higllway.
''EPC Contracl'' means contract or contracts entered into by the Concessionail'ewith one ol' Imore Contractors for the design
, engineering, procurenaent ofm aterials and equipment, construction, and completion of tile Project Highway inaccordance with the provisions of this Agreement
.
@
ttEmergency'' means a condition or situation that is likely to endanger the securityof tlle individuals on or about lhe Project Highway including tlsers thereof orwhich poses an imm ediate threat of m aterial dam
age to nny of the Project Assets.
'tEncumbrances'' means any encum brances such as mortgage, charge, pledge,lien. hypothecation, security interest. assignmenta privilege or priority of any kindbaving the effect of security or other such obligati
ons and shall inclllde w ithoutlimitation any designation of loss payees or beneficiaries or any sinlilnrarrangement under any insurance policy pertaining to the P
roject llighway.
sum expressyd in lndian Rupecs representing the eqtlity sllarecapitai of the Conlpany and shall include the funds advanced by any Member of
the Consortium or by any of its shareboltlers to the Concessionaire conApally fol'Iueeting the equity component of the 'l-otal Project Cost
. Provided, however, thatfor pumoses Of computing Tcrmination Payments under this Agreement, Equitysllall be reckoned as an ûmount lhat is nrrived at after excltlding frolu tlle equity
sllare capital of the Company the following viz. (a) Equity S'lpportx if ltny and(1
7) tlle sum by which the capital cost of the Project Highwrty as stated by theConcessionaire for purposes of clailuing Terlzlination Paymenfs exceeds flle 'l-ofalPlrject Cost.
t'E nijy'' means theC1
*
* t l'-l,q u i ty S ttppot4'' sha I l hdve t he Ille an j ng asc 1' ibed t befeto i n (()-) a u se 2 '-1 . 3-
' - 't (' t Ni.1 5: ç, (:.
k( ).'r t.iïsr-''s - - ---- -- -- - --'.4 .. l a 11 I n g o t Nftte rtl ! ft') N/f 11 z'êt l I af )Ia gnr sl (. l ( 'n ) t ,
'f E&kem
.+ &mk # -fJ.%% el/fe *
* ..a2 $ 9* . j o o otr .. . r.
w.hw. hz . . . . x ,t
x4 ' *.u . ; 6 ? ; N z lt . .e . .. , a
p.p x.j .).z, e... 'h / ') pxr; . - >N
%. x;#..t < .e lh j
.+
. elè sc l'ol.v A. ccotl nt '- Illeans an Accottnt bv 11 ich t he f--ollcess ionai l-e s I)a l l ope n t':l ndn la 1 ,1 ta i n h' i th a B ank i IA w'h iclz a l l i n flovv s and out l'losvs o f cash t7ll accotl nf ofcalnital antl l'eventle reccipls alld ex pcnditul-es shal l be credi (ed and debitetl
, as t 1)t.-case nlay be. i n accordance wi th (he prov isions of this A gl-eenzent.
t'Escrow Agreeluent'' shall have the meaning ascribed thereto in Clause 25
.2
tklqvent of Default'' shall have the naeaning ascribed thereto in C'alause 32
. 1 . l il)respect of Stconcessionaire Event of Default'' and in Clause 32.4. 1 i11 respect of'tNHAI Event of Defatllt''.
C'IR xempted Vehicles'' means(i) Vehicles -
a)b)c)d)e) Funeral vans0 Post and
DefencePolice
vehiclesvehicles
Fire fighting vehiclesAmbulances
Telegraph Deparlment's vehiclesg) Central and State Government vellicles on duty.h) Vehicles having K'VIP'' symbols or officially b
elonging tor-i. President of India,
ii. Vice-president of lndiaiii. Governor of a State and l
-t. Governor of a Union Territoryiv. A Foreign dignitary on State visit to lndia, andv. A Foreign Diplomat stationed in I
ndia using cars with ''CD''/ ''CC''number plalesChairfnan of Rajya Sabha or Speaker of l
wok 'Sabha t:r Cllairlnan taf ;4Statc Legislative Ccmncil or Speaker of a St
ate Legislative Assembly or aM inister for the Union or State or l-cader gf Opposition in I-ok Sabha orRajya Sabha or State Legislatu
res ilaving the Status of Cabinet M illister'f he is sitting i*n the vehicle *lMembers of Parliament (Lok Sabha or Rajya Sabha) in the elAtire countryor a Member of Legislative Assembly
of a State or a hdember ofLegislative Council of a State, in Ihe resfyective State if he produces hisIdentity Card issued by tlle Parliament or concelmed Legislature of aState as the case may be
viii. Vehicles bclonging to winncrs of Gallanll'y awards sucl) as Param VirChakra. Ashok Chakra
, M aha Vir Chàkra, Kirti Chakra. V ir Chakra andShaurya Chakra. if such awardee produces his phofo Identily Card tlulyatlthenticat
ed by the Competent Atlthorily for such award
*
*
f'Fee'' means the chnrge levied on and payable for a vehicle tlsing the ProjectHighway in accordance witl) (I1e r-ee Notification and tllis A
grecment.
d-laning of Meerut îo Muza farnagar section of NH 58 on---I)-()4- b-asis- - '' '-f'C-&' -- -9.% &$15 $. y wot.!k . ..
.x -' -1!2 * #. -'1:' z . ##; .
. q o Oz# a.. . :>wJ /(. ' t. 7t. sjl zxw! .- ... / ' ! :kr .-:. k -.. ,
p, . vqx.y-
. . . ..
.
. ). ..a ;.vt ..j sy .
' N.e . Q'.x ., hhhxx.-. . %12/J 'v '--e '< Q 'v / h ; .
National Iligh pszfz-p-ç zt tttltority of /rlt-/ït'? C--ollccssi o11 A ql'eellzerlt
''F-ee ).k'telt i ficat i'nn'' I'nea ns l he lot')t i f ica! i c'kl'l tl ') be 1 ss t Ietl lAy t-);f.)) l ïv i ()1 1 i 1) C. )(.) t.i aysbefore COD i n exel-cisc of the powers coj) l-el-l'ell by Section 8A of (1)e NationalHighways Act, 1956 in respect of the Ievy Clllcl col Iection of tbe Fees in the fol-lnas set fo14h in Schedule t*G'' and includes ally such subseqtlellt notifications issuedffonà tilne to time to give effect to the pl-ovisions of tllis Agreelnent
.
'*r-inallcial Close'' m eans the tlate on which the Financillg Doctlments providingfor funding by the Senior Lenders have become effective and the Concessionairehas im mediate access to such funding llnder the.pillancing Documents.
'tpinancing Dc uments'' means tlte documents exectlted by the Concessionaife in
respect of tinancial assistnnce to be provided by the Senior Lenders by way ofloans, guarantces. subscription to non-convertible debentures and other debtinstnzments including Ioan agreem ents, gunranteesa notes, debentures. bonds andother debt instrum ents. security agreenlents. nnd other documents relating to thetinancing (including refinancing) of the Project and includes amendments ormodifications made in accordance with Clause 9. 1(iv).
ttFinancing Package'' means the tinancing pûckage of the Project furnished by theConcessionaire along with its Bid indicating the Total Project Cost and the meansof t'inancing thereof and shall be deemed to have been modified to the extent assubmitted to the Senior Lcnders and as approved by the Seniol' Lenders for tlle
purposçs of funding of the Project.
@ç4porce Majeurc'' or K'Force s4ajeure Event'' sllall mean an act, event, condition ol'occurrence specified in Article XXIX .
t%GOl'' means the Government of lndia.
x'Government of Uttar Pradesh'' or ''GOUP'' means the Government of tlle Stateof Uttar Pradesh.
''Good Industry Practice'' lncans those practices. methods, techniqucs. standards,
skillsv diligence and pnldence which are generally and reasonably expected of andaccepted internationally from a reasonably skilled and experienced operatorengaged in the same type of undertaking as envisaged under this Agreeme
nt andûcting generally in accordance with the provisions of the Nationa) Highways Act.and would mean good engineering practices in tlle design
, engineering.construction and pl'ojcct management and whicl) would be expected to result in
4-Ial)i ng of Meerl,t $() Muzal larnagar sc - 1 58 tàn f3f-l-1 txasis -!- e/+x # kes pk a%% 0.
-s%t o I age I O+' e& %k x +
-(y Yv t, : ; c o o 2'$ . . , > oï m .z--
. ..r. /. .
,1p xvj l:'v z?. . *z t) y ,
.zj., v: .../. ''eu ljel
.-,u
!National //7g/? 'fztzys- .4 uthority t/./- lndia fzotlt-.essioll Agrtte l'tlt'tlllthe perfornlance of i rs (.l1àl igêtt ions by t I1e Collcessi on ai l-e t-t lltl i 1) tlle opelnt! i ol) :t 1,t.1ruai nten ance o f tlle Pl-oj ect l I igh way i 11 accortlallce vv i ( 1) t l1i s Agree I'llellt .A ppl itra b Ie l-.a ws, A pI) l ic abI e l7el-n1i ls
. rel i abi I i f y, sa fet y. en v i ron rllt'!llt p rotet? ti o n ,
econoluy antl e fliciency.
t'Governlnentnl Agency'' mealls GOI. Gtnvernlnent of Uttar Pradesh or Ctny
M inistry, Department, Colnlllission. Board, Authotity. instm nnentality or agency,
under the control of GOI or Governnaent of Uttar Prndesh having j ulisdiction overa11 or any part of the IAroject Highway or tlle performance of al1 or any of tlleservices or obligations of the Concessionaire tlnder or ptll-stlant to this A greemeltt.
t'Grant'' shall have the nleaning ascribed thereto in Clause 23. 1 .
'tlndemnifying Party'' menns tlle Party obligated to indemnify the other Partypursuant to Article XXXVII.
*
4klndependent Consultant'' shall have the meaning ascribed thereto in Clause 20. 1 .
ttlndirect Political Event'' sllall have the meaning ascribed thereto in Clause 29.3.
ttl-enders' Representative'' means the personts) duly authorised by the SeniorLenders to deal with the Parties to tiae Agreement witl
l rcgard to the isstles arisingout of and contained in this Agreement
.
Etl-ocal Comnlercial Traffic'' means any commercial vehicle incltttling buses.tnlcks, light motor vehicles or taxis engaged in carrying goods and passengers
rrgistered with the Concessionaire as pllillg fotlt ijlely on the project higllvcêty
witllout crossing mpre tllan one of the Toll Plazas.
ttl-ocal Personal Traftic'' means and includcs a personal vehicle which isregistered with the Concessionaire by any person wh
o normally resides or worksat a place that can normally be approached only by using ta part of the Projecfllighway and stlch person is
. therefore, reqttired to use such vellicle forconlmuting on a part of the Project Highway
. wifllotlt crossing m ore than one oftlle Toll Plazasj in the course of norm al travel to and from his place of wol'k orresidence.
*
t'Nlaintenance Nlanual '' shal 1 have (he l'ncllni ng ascl'i bed to 1 t i 1-1 Clause I 8 .2.
sT8&4 - I tl l ) 1 ,) g o l N1 c e ).u t t t ) Nf # l ,r a l l :1 I.j # kl gkl j . . . ) j. N jj j; jj ( j j.l j.j ( ).-! . j ,: g s j yk - -
V'e - - .-''U0 .-- - -.- .$. . y d %*' .'z ,%N $ -- . . #.
.ê m lo o .....j Io a f) e ) ?zz ,4 (0' & . x vo OkN /hxwy f N %' +' qx.$ . .....-., e ' / z / ') xxj .'x > .% Ak yp . . ;j; y ''h Kj M q%.pf , ------ - - . ,
gà l ' :p -#l I I .....-
!tt N'late ri :t l A d vel'se E- l'fec t ' ' n'le a 11 s 11-1:) t e 1'1 a l ad ve rse e ffe. c t (.,ï 1- 1, n y ac t oJ- e ve n t ol 1the :1 b i l i ty of either Party t(.) perforll'l al) y o f i ts ()l ) 1 1 gttt i olls tlndel' a nd i 1)nccordance Nvith the prov isions of f his Agreejllent
t'M aterial Brench'' Ineans a breach by either Party of any of its obligalions in thisAgreement which sllall be deemed to llave a M aterial Adverse Effect ol1 tlte
Project and which it shal l have fai letl to ctlrc within the Ctlre Period .
'tNHA I Representative'' m eans such persoll or persons as m ay be atllhol-ised il1
writing by NHAI to act on its behalf under this Agreement and shall incltldc any
person or persons having authority to exercise any rights or perfonn and hllfillany obligations of NHAI under this Agreement
.
ç'Net Cash Flow'' means in any Accounting Year revenlle income less tax
payments, O&M Expense. Concession Fee, Negative Grant and Debt ServicePayments to Senior Lenders.
*
çtNon Political Event'' shall have the meaning ascribed thereto in Clause 29.2.
<tO&M '' means the operation and maintenance of the Project Highway dtlring theOperations Period and includes but is not limited to functions of maintenance,collection and appropriation of Fees and performance of other services incidentalthereto.
4tO&K4 Contract'' mearls the Operalit?l, anti M ailltenllllce Contract that m ay beentered into bjtlween the Concessionairq and the O&N1 Contractor
a for O&M of'the Project Highway. .
t'O&M Contractor'' means (he person or entity with whona the Concessionaire hasentered into an O&M Contract for disclpargillg (
.)t%M ftlnctions for and oll behalfof thc Concessionaire,
*
..O& M Expense'' m eans expenses inctlrred by or on behalf of tlte Concessionaireduly certitied by its Statutory Auditors or by NHAI
, as the case m ay be, for aIIl'egulal-ly schedlllcd Jtnd reasonably anticiprlted O&M during Operations Pel'iod,including, witllout limitation (a) a1l cost of salal'ies and othel- employ
eecom pensation and contt'act fee payable to the (
.')..t M Ctlntp-actol', i f any (b) cost of
4 .. l :
'
, 4) i r! .g o f 'N'-feet'tîi to N1 tlzll f ( stç'l3klg ar set: t't ')n o # N f..I 55 i ',n i'.'# (- )7- l rkls 1 ss S/4, paqe jak.
-+ chW >.%%%%* + '$3è â* $'
o .-.1S . 'J.zJ v .a ttl Ok?î .t k t!k .,' ....... -'
.e tptl xal.lx+. 42.z j. x.x i.f ..
! Natioltal lliglt heay.ç Alttltority t#* India t'rosleessiolt Agreelnenlnlaterials, stdppl ies, ut i l ities alld otllel- services (c ) -prelllia fot- i llstl ranee (d) al lffuncilise, excise, property itnd of hel' sill li lar laxes and al l costs ilnd fees incttl'reltlil1 order lo obtain and Ina intai n .a11 A plplicable Pel-lnits necessary for tlle (.3..% Nf ofthe Project I'Iighqvay at its ftll l design capacity, (e) al l l-epair. (-eplacernent andtnaintenance costs of the Projcct l-lighway, alld ( f) all other expenditures requi redto be incul'red under Applicablc Law or llnder Applicable lsel-nlits necessary forthe operation and maintenance of the Project l'ligllway acctarding to tlleSpecifications and Staltdards at its full design capacity
.
ttO&M Suppol4'' shall Ilave tlle meanillg ascribed thereto in Claflse 23.5.
%.O&M W orks'' means 1,11 works necessary to keep the Project Highway inoperation during the Operations Period
.
@
t'Operations Period'' means the period commencing from COD and ending on theTennination Date.
'tPCU'' shall have the meaning ascribed to the passenger car llnit in the tlndianRoads Congress', Publication No.l1kC-64, 1990, a tl'ue copy of which is atSchedule *W *, and for the pum oses of this Agreement refers only to sttch Pf--uswhich pay Fees in accordance with the Fee Notification
.
*epartics'' m eans the parties to this Agreement collectively and tçparty'' shall llleanany of the Pallies to this Agreement individually
.
'Aperforlnance Secllrity'' shall have llle meaning aseribed tllereto in Clause 5. 1
ttpoliticakEvcnt'' shall have the mevning ascribed lhereto in Clatlse 29.4.
@+
''Prelim inary Notice'* shall llave the l'neaning attributed tllereto in Clattse 32. l .2.
'tproject'' means the developnlent, design, finnncing, proctlrement. engineeringand construction, opepatifln and mainbtznance ()i- thtt Pl'ojeet l-lighway iI)accordnnce with tlle provisions of this Agreement and shall include alI worksrelating to or in respect of lhe Project Highway as describetl in Article II.
'.project Agreennents-' means this Agreelnent, the Financing Dotcllnlcnfr
Colltract, i f any, thc (.)& M Contract. if Ctny, the 'l-olùing Contract. if any, tlnd êtny
a/. w. x o ..p.a$'. !k!!fK 't.)4Ak.; .. :$ >qss+% . ?t ' x *0.. . ttz ','5$ k i. '.:: s /...4 : .: . .x . k . . (z' 4 z..X 'k* c. , >. e. % ..:).Q q j . .
....*4 '. . 1 m p hy ,z y+.' . ,q .s ,4 p. aqo .o hj ...#
. ,#zh v'Nw' p es
!
*
t'Pl-oject Asstttsl' nlea. ns all pllysical and other assels l'elaling to alld f'kll'nling I7ill'tof the Project llighway including btlt not Iinlited to (i) rigllts over the Sife in tlleforj'n of licence, right of way or otherwise, (ii) tangible assets sucl) as civil wol-ksinclutling the foundation. enabanklnellts, pavenlents, road surface, interchanges-brid.ges, approaches to bridges and llyovers, road overbridges, dluinage u/t')l'ks,lighting facilities, traftic signals, sign boards, Inilestones, toll plazas, equiplltentfor tlle collection of tolls or relating to regulation of traftic, electrical Nvorks fol-
ligllting on the Project I-lighway, telephone and other conln-lllnication systenls andequipment for the Project, rest areas, adnzinistration and naaintenance depots.relief centers, service facilities etc. (iii ) Project l'acilities sittdatetl on the Site (iv))the rights of the Concessionaire tlndel' tlle Project Agreements, (v) financialassets, such as security deposits for electricity supply. telephone etc. (vi)insurance proceeds and (vii) Applicable Permits and authorisations relating to orin respect of the Project Highway, but does not include Additional Facilities.
ttproject Completion'' shall have the meaning ascribed thereto in Clause l5. ) .
t4project Completion Schedule'' means the progressive Project mileston. -'( forthin Schedule 4H' for the realization of the Project llighway connplete in aIl respectsby the Schcduled Project Completion Date.
'xproject Facilities'' means alI the amen ities and facilities si ttlated on the S ite, asdescribed in Sclledllle çC' .
teprojqct Higllway'' mealls llnprovement. Opcration and Maintenance.Rellabilitation and Strengthening of ex isting 2-1ane road and wiùening to 4-lanedivided highway of Meertlt to M uzaffal'nagal' section of National Higllway 58(NH 58) from Kln 52-250 to KIn l 3 l in the State of Uttar Pradesh on BOT basis
and sllall include tlle Project Assets and the Prtpiect Facilities to be designed,ellgi neel-ed alld bu i l t c)n S i te and to l)e (Jpe l'ated and Iltailltt't i ned d ori ng (heConcession Period i n accordance with tlle provisions of this Agreernent
.
*
Stprovisional Cel'ti ficate'' shnl l have the m eaning ascri bed to i t i 1) Clatlse l 6. 5.
'tlàuncll List-- shal l l'Iave tlle nlean i ng ascl'i bed tt h i t iI) C1 atlse l 6.5.
xs 6. S Ty-- .. ---. - . -. - . - .- . .- .. . .. ; .v ... .-. . .. .... . . .. .. .. . . . .4 - 1 a r) , n g ç) f 51 t' e î' t l ( ! (-) M t 1 / :1 f f kt rl 1 a g a r skrc t , ( ) n o 1' N 1- 1 5 J.t o n 13 ( ) I l ,;! 'x l s t::j -7.. .
.# 4#-t. . a 1ll t--*% k . '- *. e a o y k-s 4. n.%%+
4 .. v xy. x . - a- -xo .: -. - ,4 eu-h ' '. $ r5
# I --ê # F --W V* v
+ 4.4, 'New IlehY
w A
design and engi neel'i I1g for the l'roject l 1 ighway stlbn'ti tted l)y t l1e C( lllcetqsiollftil'eto and exppessly approved by NI IAI.
t.state Stlpport Agreement'' means the agreenlent to be entered into bctween theGOUP, NHAI ûnd the Concessionaire substantially in the form set forth in
Schedule ' R ' for p rtovision of stlpport, backup and services reqtlired froll) G(-.)t.)Pfor (he perform ance of Concessionaire's obligations under tllis Agreelneltt.
t'Stattltory Auditors'' means an independent, recognized and reputable f1' à'm ofChanered Accountants duly licensed to practice in India acting as independentstatutory auditors of tlle Concessionaire t'nder the provisions of tlle Com paniesAct, 1 956 including any statutory modification or re-enactment or replacementthereof, for the time being in force, and appointed in accordance witla Clallse 28.2.
t'Stlbordinated Debt'* means any borrowings by the Concessionaire stlbordinatedto the tinancial assistance provided by the Senior l-enders for m eeting the Total
Project Cost but does not include any interest thereon.
*
''Subsistence Revenue Level'' means the total amount of Fee revenue that is
required by the Concessionaire in an Accounting Year to meet the stlm of (a) theO&M Expense subject to an annual ceiling of l .5% (one and a half percent) of theTotal Project Cost in the first operations year, to be revised eacll year to reflect thevariations in the W PI in each subsequent years and (b) Debt Service Paymentsdtte to tlle Senior I-enders in an Accounting Year.
''Substitution Agreem ent'' m eans the agreement referred lo in Article XXX V andto be entered into am ong the Concessionaire, NHA I and the Senior Lenders in theform set forth in Schedule 'U' providing, inter alia. for the substitution of thq4.Concessionaire by any other persok! subject to and in accordance wilh theprovisions of this Agrcement and the Substitution Agreement
.
't-l-axes'' nleans any Indian taxes on comoratc income, sales tax, excisc dtlties.
customs duties and local laxes and any impost of like natlll'e (whefllel' Centl'al,State or local) cllarged, levied or iluposed on the goods, m aterials, eq tlipn-tent andservices incorporated in and fornling parl of the Project Highway. on theconstnlct ion. operat ion and maintenance thereof and on thc Project Asscts, butexcluding any interest, penttlties and other sunns i n l'elaf ion thel-eto i lnposed onany accotlnt whatsoe ver.
*
- Iv1 1, l np ( , f ld etll'ttl l (4 N'1 t 1 ztt f f :! I'q1 Ckgkil' scr I 1f. ) n (.)f Nl1 5 8 or) r) (.11 t-,its i s OU.Fy 1 u n-,/pm -+< & 'y4 v ,.o+ y.' 1. e; %e .a -.j
p - L (7 om wx y y >2 : l
z zxx .. . .1 z-py .) yA l'b';.
**Fv vkew neî
tsltttiotlal lliglt H'z?),&- pt uthority fp/- Ilîdia (' .'tlllcess i 011 A gl'ee l'nelyl
' t-l'-e 1.*11) i nat ion '1 nleans tlle e x pi ry (-..41' t e I ,)'t i I't a ! l t ,1't t ) 1' I I 1 1 s /4 glt-e l't le 1) l tl 4 lt-l t l lc-(AAtlcession llttretllldcr.
tâ-l-ernl ination l'Jate'* l'llcans lhe dnte (,)11 Nvhich t #1 i s Agreefoellt alltl l I)e C.ollct!ssionhereunder expires ptlrsuant to tllc provisiolls of tI) i s Agl'een-ienl ()r 1 s tel-nl i Ilated bya Ternlinafion Not ice.
't-l-eflnination Notice'' nleans the conanaun icati on isstled i 1-1 acctlrdance w i th thisAgreel-nent by any one Party to thc otller Pal-ty terlllillating this Agreenaent .
lT erm ination Paym ent'' means the am ollnts payable by N HAI to theConcessionaire tlnder this Agreement upoll the Telqnination of this Agpeementand shall consist of payments relating to Debt Due, Subortlinated Debt and
fktlity, as the case may be, and such other amounts as al'e expressly provided tbrunder this Agreelnent. Provided, however. that for purpokes of dctenniningTerm ination Payments to be m ade by N lIAl tlnder this Agreem ent. the capitalcost of the Project Highway shall at a1l times be reckoned as an amount notexceeding the Total Project Cost and the liability of Nl1Al to mnke suchTermination Paym ents relating to Dcbt Due. Subordinated Debt and Equity andshall be determined as if such capital cost was restl'icted to Total Project Cost.
''Tests'' m ean the tests to be carried otlt as set forth in and in accordance w ish
Schedule tJ' to determine the Project Completion and its certilication by theIndependent Consultant for commencement of commercial operation of the
Project Highway.
*
@ .tTolI Plaza'- nkealls tlle structtlres and barriers erected on thtt Prqjecf Highway for
the pulpose of regtgating the entry/exit of vehicles in accordance with theprovisions of this AgreenAent.
it-folling Contract'' m eans the contract, if any, entered into by the Concessionail'e
with the Tolling Contractor for operation of the Toll Plazas illcltlding colleclion ofFees for and on bellalf of llle Concessionaire.
'--l-olling Contractor'' nleans the person, if any, with whorn (he Concessionairc llasentered into a Tolli ng Contract for opel-ation of -1-f
.)11 Plazas and collectioy) of F'eesfor and on behalf of the Concessionail-e.
VS Y&- .- . . - .- ..- .- ... . . , . . . .. . . m . . .. .. . xx$ . . .. Ts . . . .. . . . .4 - lan, I)g () ( Met'l tl( to M ttza I 1:11 llapr, r secf I()n o ( N p1 58 t )I) 1) à) ç ( kêysis
C+. .'. 4 o mw %. kkjxV - 5. w# <.4 9- ' ()
4 w w T /) exq : : s AVt'lk--19. . t' a ''F k* .
,& 0*,,* w l.b ' .ev*'
Natitpltal lligll pvtp-s' Authoritv t#- l'ttlia kloncess 1 t )l1 Agl'e,r rt Ic-l ,1
''RB I*' nleans the I'keserve llal-tk () f llltlia as collstittlted alld ex isti l)g tt k)t lel' t llttReseta'e Bal'tk of Illtlia Act, 1 946 i ncltltli I)g any statutory I-llodi I-iclttioll ()1.
replaceldlent thereof and i ts successors.
4'RFP'- shall Illean tlle Request 1br Proposal dated l 9 September 2003 fol'
development of Project llighway (an BOT basis issued by MOSR'I-tVl-l JlIldsubseqtlent Addendum No. 1 issued by NlIAl vitle its l
-etter NoNHAMBOT/I 1 0 l 9/7/2003 dated l 9 February 2004.
ttltealisable Fee'' Incans all tl4e Fees tlue and realisable under fllis A greement btltdoes not include Fees that the Concessionaire has not been able. to realise afterdue diligence and best cfforts.
tçltevenue Shortfall Loan'' shall have the meaning ascribed to it in Clause 24. l .
*
<<Rs.'' Or x'Rupees'' lneans the lawful ctlrrency of the Republic of lndia.
'KSBI PLR'' means the prime lending rate per annum for loans with l (one) yeal'maturity as tixed from time to time by the State Bank of lndia
, and in the nbsellceof such rate, the average of the prime lending rates for Ioans with l (one) yearmaturity tixed by the Bank of lndia and failing that any other arrangement thatsubstitutes such prime lending rate as mutually agreed between the Parties
.
çtschcduled Project Completion Date'' shall have the meaning set forth in Clause15.3.
t'Senior l-zenders'' means the finnncia! institulions, t'anks, ftlnds and agents ortruystees of debenture holdersz including their successors and assignees, who have.agreed to provide finance or guarantee facility to llie Concessionaire under any ofthe Financing Documents for meeting costs of all or nny part of the Project andwho hold pari passu charge on the Concession granted by this Agreement
.
ttsite'' mean,s the real estate licensed by NHAI to the Concessionaire under and inaccordance with this Agreement on which the Project Highway is situated
.
*
''Specifications and Standards'' means the speciGcations and standards relating tothe quajity, capacity and other requirements for tbe Project Highway as set forthin Schedule 'D' and any modifications tllereof
, ot' additions as included in the
A'EJWk, &d-lani ng of M eet'ut to M tyzatl'ar/lagal' section ot NI.1 58 on B(.)''l' llasis ,*. .-4
.. %. o o Page I 54 '?. ' .
.,,- /x.. T os zwe 5
-. v. g /;v n xm V7 x. xs1111112. --.
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*
'-((17)1111j1 ,'bb-,,lfï'ïït',ï
'
etjj 1+ *.4. *w 'x&X$*ew o.
a s u 1't1 of R s 7 5t..)() n'k i l l 1 t-)ll 'vactual capi t al cosl of t he 131'k')
.j ect t lpol'l col ) 1j1 Ie l i o11 01- t l'le lnrt'.l..jec t 1-! i gl) lvct ),/ :tscertified by (lle Stattltory zzNutlitors ) or
totat proj ect cost as set fortl'l in 1-7 i nallc l t1g Illoct! l'nent s ,
Pl-ovided ftlrther tllat i f part of the rf-otal Project t--a-flst is funded in lbl'eigncurrencyv in accordance with the Financing Package, then tlle rate of excllallge
shall be determined as on the tlate of Bid, and tlle Total Project Cost shall becomputed as if sllch foreign currency were converled with reference to stlcl)exchange rate. ln the evcnt of Term ination of this Agreernent reqttiring NH AI romake Termination Payments, the liability of NHAI shnll be determined on basigof the rate of exchange prevailing on the date of Termillation Notice and tlleam ounts payable by NH AI for Debt Due and Subordinated Debt , as the case naaybe, shall be com puted accordingly.''Vesting Certificate'' shall have tlle menning attribtlted to it in Clatlse 33.4.
''W PP' means the wholesale price index published by the M inistry of Industry,
GO1 and shall include any index, which substittltes the W PI.
*
*
lnterpretations
ln this Agreementy unless tlle context otherwise reqllires,
* any reference to a statutory provision shall includc stlch provisiol) as isfrona time to time m odified or re-enacted or consolidated sc) far as stlchfnod ification or re-ena ctlnent or consol idation app. lies or is capable ofapplying to :ny transactions entered into herennder'
, .
(b) references to lndian law shall incltlde the laws, acts, ordinances. nlles,regulations. or bye laws which have tbe force of law in any Stale oI' UnionTen'ilory forming part of tlle Union t)f lndia'x
the words inlpolding si ngtllar sllal 1 i nclude pltlral and vice versa, ancl
words denoti ng natural pel-sons shal I 1 ncltlde partnerships, firlus,
companies, colporations, joi nt ventures, t,'tlsts. assoc iations. organ izfttion sor other enti t ies (whethel- or not havi ng a separate legal enti (y);
... ... .. . .. ..z . . .. .. . . . . .. . . .m ... ..m .. ... .. sx. T S-as. . ........ .. .4 . lkllli l1g (3f Mecl'tlt to Htlzll l (ijl'nay:yr sc(..l 14 jy) ' . j, (,1, j3? jel tà:lsjx w
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(a !.& -4# g ol. -. e v.- .oy2 s ,
,z .* l . .' 6. .s . w z ) Av vw y*.$:
.'j . . -N.s%* peNew
lgatillltal IIi t!/l lk'tl ).'ï rt f///l (tl-t'%t ï'I#../- Iltdik'l Ct.1$1t-eSSi()$1 xNgl-ee I14eI)t
t e l'Il'ls alltl w'ol'ds beg 1 n 11 i n g Nv i th ctt p i t a l Ie ttel-s al ld de fi ned i 1) t 11 i sAgl t>. enlent shal I llave tlltt n'lean ing Ctscf'i bed thereto hel-ein alld thc ternlsand vvol-ds (Iefined in the Schedules and tlsed therein sllal l have theIllealli ng ascribed thel'cto in tlle Schedu les ; '
t he îvords iAinclud e'' antl :ïi ncluding'' are to be constrtled Mzithou tl i n'li ( a t ion ',
* (g) references to 'tconstrtlction'' include, unless the context otherwise requires,investigation, design, engineering. procurement, delivery, transportation,installation. processing, fabrication, testing. commissioning and otheractivities incidental to thc constnlction;
any reference to any period of time shall mean a reference to thataccording to Indian Standard Time',
any reference to day shall mean a reference to a calendar day',
any reference to month shall mean a reference to :4 calendar m ontll;
the 'Schedtlles to this Agreement form an integral pal't of this Agreementand w ill be in full force and effect as though they were expressly se! outin tlle body of this Agreement;
any reference at any tinze to any agreement, deed. instrvnlellt, licence ordocument of any description shall be constnled as reference to thatagreenlent, deed, instrufnent, license or document as anzended
. varied,sllpplelnented, modified or stlspended at the time of s'lch referenceplrvided that this clause shall not operate so as to increase liabilities ortkbl igad ions of NHA l hereuntler ()1' pttt'stlttnt herato in ttlly mannervvhiltsoevelv',
*
l'eferences to Recitals, Al-ticles, Clauses, Sub-clauses. Paragraphs, orSclleclules in this Agreernent silall, except where the context ofherwiseI'eqtl il'es. be (leellled tt) be references to Rccitals, Articleq, Clatlses, Sub-
4 - l a n 1 rl t! o ( àùf e r r t , f t ( ) s 1 t , z a ij'fk 1. n :, g a 1. se c t=I 2---7:---7 t 1 ( ( N I I -V- f.('--'( ---j 1) h-''i't T'--fka s i s - ' -'- T ' - ----1, +. 4 hz c foaqe l ,.)+1 o
' * .
u.+' x -jNL (77 o, . r to ,w: 1 : x zx
. z. zpn gsqbtu-* ....
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any agreenlellt, consellt , approvill x autllorisnt iol). notice, conzrnunication,illforlnation or repopt req tlired under or ptlrstlant to th is AgreenAent frornor by any Party 01- the Independent (ronstllt allt shall be val id alld et-fectual(pnly i f i t is i n writi ng tlnder the hnnds of duly ntlthorised represcntative of
such Party or the Independent (--a.onsu ltantx as the case luay be, in tllis
behalf and not otllerwise;
any reference to any period com n-lencing itfT-onl'' a specified day or dateand '4till'' or f'until'' a speciffed day or dafe shall inclllde l-lofh stlch days or
dates ;
the damages payable by eirher Pal'ty to the other of them as set forth in tllisAgreement, whether on per diem basis or otherwise, are m utually agreedgenuine pre-estimated Ioss and damage likely lo be suffered and inctll-redby the Party entitled to receive the sam e ankl are not by way of penalty or
liquidated damages (the t'Damages''l', and
(q) unless otlzenvise expressly provided in this Agreement any Documentationrequired to be provided or furnished by the Concessionaire to NHAIand/or the Independent Consultnnt shall be provided free of cost and inthree copies and if NHAI and/or the lndepcndent Constlltant are requiredto retum any such Documentation with (heir colnlnents and/or Jtpproval,
they shall be entitled to retain two copies thereof.
M easurements and Arithmetic Conventions
+ +
AII measurements and calculations shall be in metric system and calculationsdone to 2 decitual places, with the third digit of 5 or above being rollnded t1p ancl
below 5 being rotlnded down.
*
l-4 Priority of contl-act tlocunlellts and errols/tliscrepanties
1.4.1 The several tlocurhents fonning part of this Agreement are to be taken as lnuttyilllyexplanatory to one another and, unlcss otherwise expressly provided elsewhere intllis Agl'eefnent, (l1e priorily of the following documents shall in lhe evellt of any
conflict 1%1 ween them be in (he order set out below:
6:189...x%. '$.
4 - 1 a n , n g f 1 t Nlee l'tlt lo h'1 tl z a l t a, nagal' xtvc î + ''o+#: o o -.j Page 20
. %% :+N ' QN os ok < 5. m< zx r'-* . !. >/ vb.: x p A%: ) ' r -X- A .# . zu
. '*
. *4 e Nh' lltkb
Na f 1-4..//144/ lliglt hf'tf.p.ç .4 tltllatily of /lflt'/iW Urollcessiolt Aglvee l'lle I1t
t l l is zigree nlttnt
al I otlltll- doctlnlellts fornli ng pal't of tllis Agl'eenlent
i .e. doculnent at (i) above shal I prevail over tile docunlents at ( ii ) above.
1.4.2 In case of am biguities ol' discrepancies within this Agreelncnt tlle fbllowing shall
apply:
* between two Clauses of this Agreement, the provisionj of the specificclause relevant to the issue under consideration shall prevail over those inother Clauses-,
Between the Clauses and the Schedules, the Clauses shall prevai/ save asotllefw ise expressly set forth in Clause l .4. 1,'
Between the written description on the Drawings and tlze Specifscations
and Standards, the latter shall prevail;
Between the dimension scaled froln the Drawing and its specit'ic writtendim ension. the latter shall prevail;
Between any value written in num erals and that in words, the latter shall
prevail.
11 SCOPE OF PROJECT
The Project shall be executrd on 1he Site, which is described in Sclledule 'A' ojthis Agreemeni. The scope of the Project shftll include performance alldexecution by the Concessionaire of all design, engineering, tinancing,procurement, construction, completion. operation and maintenance of the Prqjectllighway as described in Schedule 'B ' nnd Schedule 'C' of tllis Agreement
. ltshall iaclude lm provmuent, Operation, M ainlenmKe, Rehabilitation andStrengthening of the existing 2-lane road and widening it to a 4-line divided
highway of M eerut to M tazaffamagar section of National Highway 58 (NH 58)from Km 52.250 to Km 131 in the State of Uttar Pradesh on Build, 0p#-* ate andTransfer (BOT) basis in nccordance witll the Specifications and Standards setfol'th in Scbedtlle *D' and operation and maintenance thereof in accordance witl)
*
sT6&- k. +
zl-laning of Meerul to Mçlzaffarnagar scN on of NH 58 on l)OT basis -- 'CrY-----'-'-4. Y $
v+* (:1 -dq, % vo (DW o z'x.p a w .-. ./r . < v ',k. e / ') y.A =..az''i 1 ; r'z. v .' z s
4: '#*
w $
'
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e w, 1 ) < th *
Sclledtl le ' 1- ' . lt sh t'l l l a I so i Ile I ude t he p erfornlance and ftll ti l l I'nent of otllel'ob1 igat iolls by the C-*oncessiollaire under this Agreeluent .
*
*
YWAY''x$ *e+ 4N t,* C..* KGQ .
*=' m> . j ' , *..M7. . ,#/ I .'..rA e z e c8. .>
.4r.5.e *h' J) e k b 'k
k. T&z$t.44 y* c yt:a -0 )< &z p 'N Xa v g).
4-lalling t''f- N'leertlt t() N1 tlzaft-arllêlg:ll st-ct itln (,1' ù t..l 58 (',) I3t$T bld--r'sl s --- - - - ---'-P a 6.,.) e 2 2
Natiotutl l'./ribl.r/z3fpzzy.ç Autltority ofhtdia ConcessitAll Agpeenlellt- . .-. .7.-. ..- .-. - - . -- . .. . -
(->I'1AINaI? 11. - 11
(;RANT OF CONCESSION
111. G1tAN'l' OF CONCESSION
*
Subject to and in accordance with the terms and conditions set fortll in thisAgreement, NHAI hereby grants to the Concessionaire and the Concessionail'e
llereby accepts the Concession fls mentioned heretlnder for a pèriod of 20 (twenty)years com mencing from the Appointed Date, including the excltlsive right,licence and authority dtlring the subsistence of this Agreement to implenlent the
Project and the Concession in respect of the Project I'lighway.
Subject to and in accordance with the tenns and conditions set forth in thisAgreement, tlle Concession hereby granted shall entitle the Concessionaire to
enjoy, and oblige the Concessionaire to undertake the following in accordancewith the provisions of this Agreement, the Applicable Laws and the ApplicablePerm its'.
to develop, design. engineer, finance, procure, construct, operate and m ailltain theProject Highway during the Concegsion Period',
upon completion of the Project Highway and during the Operations Periki. tomanage, operate & maintain the Project Highway and regulatc the use tllel'eof bythird parties'.
to Ievy, demanda collect and appropriate the Fees from vehicles andrersons liable
to payment of Fees for using the Projeck Highway or any part thereof and refuseentry of any vchicle to the Prqject llighway if the dtle Fee is not paid;
+
to perforrn and fulfill aIl of the Concessionaire's obligations under thisA greement',
to bear and pay al1 expenses, costs and charges incurred in the fultillnlenf of allfhe Concessionnire's obligations under this Agreement '
vand
G T/PY +* c
4 - Ianing of Meerut Io Muzaffarpagar sectlon of NH 58 on B0-1- basis
ww- v;- o page 23+*1 % ...3%1 o
o /? Avttk.* .j, --.-d
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hhttional lliglt lyw-v.ç ,4 tlthorily of late/ïrz CflllcessitAll Agl'ee nlt-' )1t
not to assign or create ally 1 ien oI- E nculubl'allce on tlle (. 'rklllt-ess ion i'lelrby gpttll ted
or on the Tvllole or ally part of t I1e I'roiect l1i ghîvay nor tfallsfcr. lease o)- pllrtptassession tllel-ewith save. and except as expl'essl y perll li ttetl b
.y f his A greenle l1t ol
the Sttbstitution Agreement. '
The concession Period shall colnmence on the Appointed Date and shall end on
fhe Term illation Date.
CONDITIONS PRECEDENT
Conditions Precedent
Save and except as provided in Articles lV, V alld XX ll, the rights antl
obligations of the Concessionaire tlllder tllis Agrttement are stlbjecr to tllesatisfnction in full of lhe following conditions precedent to be fultilled on orbefore Financial Close unless any such condition has been waived as provided in
Clause 4.2-.
*
The Concessionaire shall have obtained alI such Applicable Permits as
lisled in Schedule 'E' unconditionally or if subject to conditions tllen allsuch conditions shall have been satistied in full and sueh ApplicablePerm its shall be kept in full force and effect for the relevant period duïaillg
(he subsistence of this Agreement-.
(b) the Concessionaire sllall have been granted way leaves required in
connection with the Project including:
*exist ing rights of w ay c)f the Pl'ol'ect High way freç from all
Encumbrallces;rigllts of way froln public roflds (0 the Site; andp ermission/licence to enter tlpon and tltilise the Siteconstlalction ptlrstlant to and in accordance with this Agreemetlt.
-I-l1e concessionai rc shall have obtained al l Central Govelnlluellt cletll'ancesand permits under tlle appl icable laws relating to environnlental profectionand consel-vation frona the N4ini stry ot' L, Ilvironrnellt aljd Forests.
4 -1 ;tl't i flj! ( ) 1* N/lecl'l ti to N.1 tl z Cl l-l'itl'nklgkkr scc l it'ln ol N-fl 58 f ')n l''à t )'f' baarls STSP-4% z'lz paqe '?4* C
1*W& .4 -!7A % O* * kkl -X '@ x v.; T ,* ; œ zxZ
e 1 q / ) xg ttx# #
# * e ê*B.e# +e
. zjeljgk *
Natioltal Ilig'lt lf'tzp.ç zt utltority of l'/rt/ft'k C--oncejsi (4$1 Agl'ee 1 ))f-- 1) l
certified tl-oe copies of all Project .Agreements, in p fll-ricular. tlle Fi llanc itlgl'nocunlents, tlle E-P(l* Contracta 0&N4 Contract. i f any al'td tlle -1-011 illgContract, if any, as Nvell as (l1e shareholdel-s funding agreenlent shallllave
been delivered by the Concessionaire tt) NHAI;
tlle Pelformance Secllrity in full shall have been provided by the
Concessionaire to N14Al in accordance witl'l Clause 5. 1 ;
all of the representations and warranties of the Concessionaire set fortla in
Article X1 are tnae and correct as on date of this Agreement allt.! tts on the
Appointed Date',
NHAI shall have received from the Concessionaire copies (certified astrue copies by an authorised officer of fhe Concessionaire) of theconstitutional documents of the Concessionaire',
*
@
NHAI shall have received copies (certified as tnle copies by a Director oftlae Concessionaire) of a11 resolutions adopted by the Board of Directors ofthe Concessionaire authorising the execution, delivery and performance by
the Concessionaire of this Agreement and each of fhe Project Agreenaents;and
NHAI shall have received from the lndian Iegal coullsel of tlleConcessionaire a legal opinion A$'itll respect to tlle atlthority of the
Concessionaire to enter ifgo this Agreelzlent and thç Projcct Agreementsand the Financing Docunlents and tlle enforceability ()i- the provisions
tllereof.
Any of tlle colldi tions precedent set forth in C latlse 4. l , gave and e xceptcondition of Stlb-clauses (b) alld (c) tllereofx luay be wai vetl f'tll ly tlf pal't ial Iy byNl'lA I at anyti Ine in its sole discretion.
Ob1 i gation to S atisfy tlle Ccandi t ions P receden t .
al l l'easonablc
4 . I ûp n i 1l.h? ol N.1 eert, ( t(' N'f kl z êt f I ê4,' 1'1 dgilf sra-c l i o n o t N ld 58 (' ')n .l) ( )-1 t-ha..- l 'k; ...4..: < z,p* Y'
' .mh f2N /f , ul -'#
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- -. q: z? xx+k - v% %
N l AG q *% 1 . w+ v'f' - .N
1.$$1 I-l ,A. l s l ) lt l 1 1)) tt k e l'e :1 s t '' 11 kt b 1 e e 11 t it--. tt v kà I s : (3 he I p ( 1 le f '-- ( ) I ) ct'l s s 1 ( ) l ) :, i 1't.-. tl J7I-(')c tl l'e ftl ) t'i l l l'tlk.a 1) t t ) f t i te c(.ll I d t t l t''l 11 s ylt-t ftAl't it l 1) h'l tl l7-k- I a t 1 ses ( 1) ) , (c ) :1.1-1f1 ((.1 ) o 1-I .(7 I a tl se zl . l . l :- :tc 1) P : ) I't y s h a l l be :tl' I t s 1'e 'q I7e t' t 1 ve c ( ') s t 21 I 1 d e x pe I 1 se t.) f s :1 t 1 s fy i n g
stlcl'l frtnntl i t i tnns fAl'et-edel-if l ) n less tlt lql.e l'vv 1 .-kt- ex pl'tt ss l y I')rtwlv ided .
lf ( he Cond it ion s Ppecetlent set fort 11 i n (--' 1 a use zl . l il a ve not been sat i s 11 e(1 (-)1-t orbefore tlle Financial Close allcl t he N I-I Al llas llot vvaived, ftllly or Illtl-ti al I y, stlcllcondi t ions ullder C1 a use 4.2 , N H.A 1 nlay, not w i tllst alltl ing allythi ng t o t he c() nt raryconfained i n this Agl'eenaen 1, terlllinate tllis A gl'e fanlen f in accordallce withprovisions of Clause 32 ,2 wi tllou t bei I1g 1 irhble in any naanner ïvhatsoever to tlleConcessionaire and forfeit flle llid Securi ty and/or the l 'erfornlance Security byway of Dal-nages, provided that w here N1 IA l does not ful fi 11 its obligaf ions ullderClause 4.3 and tel-rninates this Agreenàent tlnder this Clause 4 .4, it shall reftlnd i nful l the Bid Sectlri t y or the Perforrnance Securil q', as the case may be.
PERFORM ANCE SECURITY
The Concessionaire / Consortium. for dtle and faithful performanc.e of itFobligations during the constnlction period llas provided (o NHAI Bank Gtlarantee
th 05 and vûlid till 29* November 2008No (i) BG-GPL 03 l 2005 dated 30 April 20for Rs 4,31,00,0* issued by Syndicate Bank, N.S. Road Ilyderabad, (ii)
tb 05 and valid till 290' November 2008 for09 103058G0000560 dttted 30 April 20
Rs 3,23,00,000 isstled by State Bank of lntlia, Somajiguda, Hyderabad and, (iii)tb 05 and valid till 296h November 2008 for Rs00088600024205 dated 30 A pril 20
3.23,00,000 issued by ICICI Bank Ltd., Begtllllpet. l'lyderabad. aggregasing Rs.
10,77,00,000 (Rupees Ten Crores seventy seven laklls ollly), bcing 3% of the'l'-otal Projcct tcost . Tl Ie CoI lcessi ol1 aire I Croi Isol-t i tt tli ftll't 11e1' agj coa , . . kdumdertakes to keep the Performance Security val id and enforceable till COD
subject to Clause 5.2 below.
@
*
The Perforrnance Security shall be released by NHAI to the Concessionai re tlpon
contrîbution of the Eqtlity (excltltl i t)g Equ i ty Support, i f an y) by the sllnl'eholdttpsof thc Concessionai rc to the cx fent o f l 00r$ and tlpon (he Concessionai re llaving
ex pended on the Project alld paid oul :111 tlggregate gurn of not less than 20%(twenty percent) of the Total Project Cost as cel'tified by the Statutol'y Atldi tors off he Concessionaire and proviclcd tlac Conlressionai re is not in breach of tlpf sAgl-een'len t . If (he C oncessionail-e is i n bl'each of rhis Agreem ent. thePerforlllûnce Sectlri ty shal l be conti nued r i I l the C01-3 tnl' llnt i 1 t l1e breach is cul-etl ',
4 I ni ,,g (hl- M cel t.t 11.., sl uztt,l'l';.dlr,,a:.!a'. scct ,(),.' (,-0-1 )k1-I .$8 ol3 !.3( )-r Ipa. is 6) /(, - '--- '- ;, . k.
w: *CtAo * .xJ
.#* ,.+% .,. (D. * -'f# % tu o7' x - w V XV & N
$ & ''x
co : : a: y p y y y.lx y... l * .-e'l . -...--''/ . #
'NNe w 1:.*
National Nk/znvpz.ç -4 uthoriq' zz/fmà-/z Concession Agreement
wlliclzever 1 s earl ier.
*
ln the event of the Concessionaire being in default in the due and tbithful
performance of its obligationk tlnder this Apeement and failing to remedy suchdcfault Nvithin the Cure Period. the NHAI shall without prejudice to its otherrights and remedies hereunder be entitletl to encash and appropriate thePerformance Security as Damages for such default. Upon such encashment andappropriation of the Performance Security, NHAI shall grant a period of 15tls9eenl days to the Concessionaire to provide fresh Pertbnnance Security and tlleConcessionaire shall within the time so gvanted furnish to NHAI stlch
Performance Security failing which NHAI shall be entitled to Yerminate thisAgreement tmder clause 32.2. 'lhe provision set forth in Clause 5
.2 and thisClause 5.3 shall apply mutatis-mutandis to such fresh Performance Security
.
Notwithstanding anything to the contrary contxained in clause 5.3, upon furnishing
of fresh Pedbrmance Security in accordance with clatlse 5.3. the Concessionaire
shall be granted an additional period of 60 (Sixty) days as Cure Peliod forremedying the defaults and complying with his obligations tmder this Agreement
.
ln the event of the Concessionaire continuing to be in breach of the provisions ofthis Agreement after such Cure Period, NIIA1 shall be entitled to terminate thisAgreement lmder the provisions of Clause 32.2.
VI. FEES
6-1 The Concessionaire shall be entitle.d during the Operations Peliod and/or dul-ingConstruction Period only after completing at least 50 kms of conti
nuous stretch ofthe Project Highway, as certified by the Independent Consultant
, to levy andcollect the Fees from the tksel's of the Project Highway pursuant to and inaccordance with thwschedule of Uscr Fee set forth in Schedule tG' and thi:Agreement. Provided, however. that such Fee shall be rounded off to the nearestfive nlpees for enstlring case of payment and collection
. W ithin 90 clays prior tocompletion of continuous stretch of at least 50 kms and/or the COD
of the ProjectHighway, as the case may be, zs certified by lndependent Consulmnt
, theScbedule of User Fees as per Schedule 'G'
, shall lx notified by MOSR-I'AH asFees Notification. In case the Concessionaire defaults in com pleting the enti
reProject Highway within the Scheduled Project Completion Date
. any feenotitication issued earlier for Ievy of toll on the part completion. shall bedenotitied immediately. -l31e fresh fee notification shall lx issued only after
- anlng c) M'eenlt tt'l Mtlza anlagar sectioll o NI1 58 ot1 BO'1 aexiss3'// .k, 4. faage .?7
-+ t:e-0*: Go (7 ''d
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'/'> .#'# . v <h
*
k
Nationot l''fi/l/l uzqp.ç -'suthorify tt/- India O'ontrttssion Agreement
colnpletion of the entire Project l-ligllway.
l-he Concfssionaire acknflwledges that the Fee Notification, inler alia. providesfor anllual revision in the f'e4s linketl to the extent of variation in W PI as per theFee Notitication, and hereby confirms that save and except as provided in theFee Notification, the Concessionaire is not entitled to and shall not seek any reliefwhatsoever from N11A1
a GO1 or GOUP on account of increase or othervzise inWPI or on any other account rxcept in accordimce with the
express provisions t)fthis Agreement.
'Ille Concessionaire shall not collect any Fees from Iwocal Personal Traffic antlLocal Commercial Traffie ( as det-ined in Schedule çtG'') i
n excess of the' following discounted rates:
Local Personal Traflic 25% of the applicable fees tklr thespecific category of vehicle
.Local Commercial Traffic 50% of the applicable fees for the
specific category of vehicle.
*
*
It shall issue appropriate passes or make refzlnds in a manner that lninimises theinconvenience to Local Traflic consistent with the Concessionaire's need t
oprevent any leakage of Fees. For carrying out provisions of this Cl
ause, theConcessionaire shall fonnulate, publish and implement an appropriate scheme andcarry out such modifications and improvements to such scheme as may
reasonably be suggested by N1'1AI or required by local circttmstances from time totime in conformity with the objectives of this Agreement
. Provided, however.that if a separate service lane is opened for free use by Local Traffic, theConcessionaire shall levy and collect Fees from
such Local Traffic if they use thefottr-lane Highway.
The Concessionaire shall not collect any Fees in relation to Exempted Vehicles.
The Fees collccted by the Concessionaire or NHAI or N11Al's nominee pursua
nthereto shall be deposited irl the Escrow Acccmnt and appropriated iI) accordancewith the provisions of Article XXV.
6.6 'l'he Concessionaire may delegate its right to collect Fees to thc O&M Contractoror the Tolling Contractor or to any otlzer G rson provided
. however, thatnotw ithstanding such delegation, the Concessionaire shall be and remain solelyliable and responsible for the collection of Fe
.es in accordancc with this
zl--lanlng o Meenlt to utlz..a aaagar sectjon o NI.1 5 ()n 1)c'j'j. asis ----.------
sTs/ Page 2:1, 4,
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Y' 11 . CfINC ESSION FEE
ln consideration of the grant of Concession under tllis Agreelnent, tlac Concesgiol)F
ee payable by the Concessionnire to tlle NHAI shall be Re. 1 .00 (Rtlpee One) per
year dttring the term of this Agreemcnt.
@
The Concession Fee shall btz paid in advance within 90 (nincty) days of (he
commencement of the year for which it is due and payable.
'V111. ADDITIONAL TOLLW AY
Notwithstanding anytlling to the contrary contained in tllis Agreenaent. any ofNHAI
, GO1 or Govemment of Uttar Pradesh may constnlct and operate eitllerifself or have the same
, inter alia, built and operated on BOT basis or otherwiseany Expressway or other toll road
. not being a bye-pass. between, inter alia,Meerut tand Mtlzaffarnagar section (K.m 52.250 to Km l 3l) of NH 58 (the
'tAdditional Tollway'') provided that such Additional Tollway shall not be openedto traffic before expiry of 8 (eight) years from the Appointed Date.
event of NHAI, GO1 or GOUP, as the case may be, constructing orpel-mitting construction of any Additional Toll
way as set fol4h in this Clause 8.2,and the Additionnl Tollway is comlnissioned at any time aft
er S (eight) years fromthe Appointed Date, then the Colzcession Period shall be increased by half thenumber of years by which such comm issioning precedes the expil'y of theConcession Period
. For cxannple, i1' the commissioning of (he Additional Tollwayoccurs gftel 10 tten) years from tlj.e Appointed Date, (l1e Copcession Period shallb
e increased to 25 (Twenty five) years.
ln the
the Concessionaire shalltlndel- this Agreement and shall not oftkr anydiscounts or reductions in such Fee except with lhe gll'iol' wrilten consent ofNI4
A I. Provided, however. that any such discounts or reductions that (llcConcessionaire had offel'ed tcl pny general or special class of users or vellicles ftnra conf intlous period of three years prior to thc comm issioning of the AdditionalTollway lnay contintle in the sam e fol'm and nlanner after th
e coolTnissioning ofstlch Additional Tollway.
Upon commissioning of the Additional Tollway,contintle to levy and collect the Fee
*
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+* 4. + Y* >. * 4 (:j ...#e .>
9- to O4* w '-w2 < *1 T XV 'N.r : ; t .. /n xxll.tx#q 4: 17<
k* .tjr * *ew î1e
hlational Iligh wzzzpx zt tlthority t',../- ltttlia Concessioll Agretzlllellt
NHA I sllall ensure tllat the per kilolnefer fee to be levied a11(1 collectttd fl'onl anyvehicle 01- class of vehicles using the Additional 'rollsvay shall at no tinle be lessthall an anlount whicll is l 33':.$ o1- the per kilorncter l7ce levied and collected ft-opll
sirnilar vehicles ()1- class of vehic' les tlsing the Project Ilighway.
VIIIA Capacity Augmentation
Notwithstanding anything contained anywllere in this Concession Agrecmentcontrary to the provisions here below, fhe following are prescribed.
*
8A.1 Tl)e NHAI may, following a tletailed traffic study conducled by it, at any tim eafter 8 years following COD decide to atlgment/increase the capacity of theProject (capacity Augmentation) with a view to provide the desired level ofservice to the users of the Project Facility.
84..2 The NHAI shall invite proposals from eligible Persons for CapacityAugmentation. The Concessionaire shall have option to submit its proposal forCapacify Augmentation.
8A.3 The bid doctlment for Capacity Atlgmentation shall spccify a Tel-mination
payment to be made to the Concessionaire in case the Concessionaire chooses notto submit its proposal or fails or declines to m atch the preferred offer asm entioned in Clause 8A.5 below .
8A.4 ln case the Concessionaire after participating in the bidding proceclure, fails togive the lowest offer, the Concessionaire shall be given the first right of refusal tomatch the prefen'ed offer. lf the Concessionaire matches the preferred offer
, theParties shall enter into a suitable agreem ent stlpplemental to this Agreem ent togive effect to the changes in scope of the Prqject, Concession Period and all othernecessary and consequential changes. ln such an event tllc Concessionairc shallpay to the bidder who had made the lowest offer, a sum of Rs. l 0 lakhs (-I-enLakhs) towards bidding co.itsi incllrred by such bidder.
8A.5 ln case tlle Concessionaire (i) chooses not to submit its proposal for CapacityAugmentation or tii) is not the preferred biddel' alld also fails or declines to lllatcll
the preferred offer, NI'IAl shall be entitled to terminate this Agreement upol)paymcnt to the Concessionaire of the Termination Paynlent
.
8A.6 The Tel'mination payment refel-red to in the preceding clauses 8A.3 & 8A.5 aboveshall be the amount eqtli valent to fhe anlount of Tennination Payment se( out inClause 32.4.2
*
- ICt 1) t 11 t! () / &f cc r'4 l t t ( ï :.1 t I z;I f fi, ,'1) klj! tpf. scc ( i ()f) ( j l N y.l <;. jy orj J) ( ):= tTa s , s k,.s'7-6-/)-' - -' -- - - -' '- -- -.-*
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t;IIA P'l-E It -1 l lOlllal GATIf )NS AND UNDFVRTA KI Nf ).S
IX. OBLIGATIONS OF THE CONCESSIONAIRE
The Concessionaire shall at its own cost and ex.pense observe, underlake, cofnplywith and perform, in aflditioll to alad not in tlerogation of its obligations elsewhere
setout in this Agreem cnt, the following:
* make, or cause to be made, necessary applications to the qelevantGovernlnental Agencies with sucll particulars and details as Inay be
necessary for obtaining a11 Applicable Pennits, and obtain such Applicable
Permits in conformity with the Applicable Laws',
notify to NHAI forthwith the occurrence of f'-inancial Close;
submit to NHAI certified true copies of each of the Prqject Agreements
within 7 (seven) days of their execution)
not make any replacem ent. amendment or modificationsto any of theProject Agreements without the prior written consent of NI'lA1, wheresllch replacement, amendment or modification has or may have tla,'w effectof increasing or imposing any financial liabilit
y or obligation on NHAI inany manner, and where such replacemenf
, alnendment or modification ismade withotlt stlch consent
. not to enforce such replacem ent, amendmentor moditication nor pcrm it enforcelnent thereof against NI'1AI in any
m anner wllatsoever;. 4.
Jgive NHAI not less than 30 (thirty) days written notice prior to enterlnginto. amending or replacing any Project Agfeement
so as to ennble Nl'1A1to provide its consent or offer its comments, if any tbereon which
, if made,shall be duly considered and given effect to by the Concessionaire beforeentering into. alocnding or replacing such Project Agpe
ernellt'.
relnove prolnp. tly from the Project l'lighway alI stll-plus constrtlctionmachincry and materials
. waste rnaterials (including, withotlt lim itation,hazardons nlaterials and waste watel-)
, rubbish nnd other debris (incltldingwithout iinaitation accident dcbris) allci keep the Site in a neat alld clean
*
4 - l a n i n g ojm---i----sj c e r . t I ( l-(j M u z (# j j 'a r n a g j , r s e c t j () 1) (.j (' x I -j .j jj j ) j l-jj-t-j-y-j-t-t : j , j s- ' - - s'--l'-c../k --..--- ..-* &
.+ % Page .4 l* .MO.,x o ?-..
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, ') -, l 0b.7.x Z.
condit ioll and ilh coî'l forll'l i t y %, i t 1! tlltt /'h. ppl i c at3 te L-aqv s aièd z.'k j.-h171 i t? ab le
plrctlre, as reqtli red, t he appropriate plrpl-ietal-y 1-1 ghts, 1 icences.agrcelllcnts and pel-lllissions for Inateri als, nlctllods, pl'ocesses and systeltls
tlsed or 1 ncorporated i nto the Pnlject I'ligilNvay-,
pl'ovide all assistance to the Independent Collstlltant as it may l'equire fol'tlle pel'formance of its duties and servicesv'
provide to NHA I reports on regular basis during the Constl'uctiolt Pel'iotland the Operations Period in the form and l'nanner set fol4h i 11 tltisAgreement and Schedule -X''
obtain and maintain in force on and from the Appointed Date all insurance
of the Project Assets in accordance with the provisions of this Agreementand Good Industry Practice',
*
acquire such real estate, as the Conccssionaire may deem appropriate forthe Additional Facilitieg and to indemnify and save harmless and defendGOl, Nl1A1, and GO UP from and against all proceedillgs, clailns,demands, costs, expensesa losses and damages arising otlt of or relating tothe securing of rights to 'use such real estate by the Concessionaire or any
person claim ing through or under the Concessionaire',
* (xii) llndertake Debt Service Payments in accordance with the FinancingDocllm enfs'
*. +
levy and collect Fees frofn tlsers of tlle Project I-ligllway at the rates setforth in the Fee Not i lication and i n accordance with this Agreemellt and
regulate the traftic on tlle Projcct Highway in accordance with theAppl icable Laws ',
ensure and procu re that each Project Agl'eelllent contni ns provisions tllatentitle NHAI to step into such agreement in its d iscrelion in place andsubstitution of (he Concessionail-e in tlle evellt of 'I-erlni nation of tllisAgreenlent on account of default or bl'each by the Concessionail'e;
4 - 1 an i n g (',f N1 e e l'tts îo N7$ tk ,. kh $ 1 :) rllktgar sccl lt ln ol N 1.1 5 F, o Ia B7 J7Q l ha q l q ..!- E &, - ' --- '- ''b 4.ke o paqe yo
-> .ol t%* %N* r % -.j. &. .+' 1
- o o7 . .c - - x T xo zx.r'-g - : î s z N.:w
. q j ,. , v ze,p/ -) jy/ , x.# - 'x'hx. ,& .X..NY
appoillt . supel-v 1 ses rnon itol' ttlld c(.ll'ltl'ol the a ct i v 1 t ies of ('-'ot'tt t'acttlj's ttl-ktfe $'tlleir l-e spect 1 ve Proj ec t Agreel'ne nî s as nl ay be necessal y ',
rnake reasonab le efforts to nAai nlain llarlnony anf! good illtlusl l-ittl I'elationsanaong the pel-stnnnel employed in connectitln wi lh f l1e pel forlllallce of fl
l(.?Ccnncessiona i re ' s obl igat i ons tl nder this zNgreenaen t;
colnply with all Applicable Pennits Ctnd Applicable Laws in t'le
pel-formance of the Concessionail'e's obligations under this Agreelnellti
ncltlding those being performed by any of the Contrnctors,'
tlevelop. implem ent and adm inister a surveillanee and snfety proglntm for
the Project Highway, the usel's tllereof, and the Contractors' personnelengaged in the provision of any services under any of the P
rojectAgreements including correction of safety violations and deficiencies, and
taking of all other actions necessary to provide a safe environnaent inaccordance w ith Schedule 'S'
, Applicable Laws and Good lntlustryPractice',
@
@
(xix) take a1l reasonable precautions for tlle prevention of accidents on or aboutthe Project Highway and provide all reasonable assistance and emergencymedical aid to accident victims;
not to place or create nor permit any Contractor or otller persol) claim ing
through or under the Concessionaire to create or plnce any Encum branceor security interest over all or any part of Site or the P
roject Assets. or onany rights of the Concessionaire therein or under thi
s Agreement. save andexcept as exp. ressly set forlh in. tllis Agreenlent;
make its own ûn-ajlgements for qtlarrying, alld observe and fulfill the
environmental and other requirements tlnder the Applicable Laws andApplicable Permils at the Concessionaire's own cost and expense',
be I'esponsible for safety, soundness and durability of the Project l Iighway
incltlding other stl'uctures fot'ming part thereof and their con-tpliance witllthc S pec i ficat i on s a n d S t andard s ;
4 - i :411 i 1) g o l 1:1 ttel'ut 4 t .1 N1 tl a,-kt l l kl rnhty kt r sct' t 1 (' , 11 l ) f 1kl
'
1 1 5 8 f ''in B ( ) f- 1-,:. s 1 !:(S4E&4,V' c.+ .ow a #
-,+%% wy % (:5 o*
y.x* '1. ,w9 . x .G
zk. . /p x4 NA'-) ! % / R h
. .'ï
# # r# #'* .t:4-+.j. x..b' t. - . *
ntnt c laill-l ol- tlellla nd ptlsse ss i ('.1!,: $.-31' t-k-bl'l t I't''hl t''h j' kkl'l ).r t't )k.t(.ls, st l'tl c t tl l'es (-)1- 1-e :1 l
estate lvllicl'l dtn not fol-ln pat'f ()(' t' Ile Pl'()j etrt 1-1 i g # 1 Ss/ tty .,
( xxiv) after recei vi ng possession of the S i te oI' pal-t tlleretlf, eltsttrc t Ilat st1(-.l'1 )è'; i lcl-elnains free f ronl a l 1 encl-oncl) n-lell ts c'Ilptl t a k tt :1 l l s tells l'ecessary torcmove encroachm ents, if any
make payment to Police departlnent ()r any Government Agency, if
required. for provision of such selwices as Ctl'e not p rovitled iI1 thc norlzlal
course or nre available on payment'.
*(xxvi) indemnify the N11A1 against all actions, stlits, clailns, dejnands and
proceedings and any loss or damage or cost or expense tllat m ûy besuffered by them on account of anything d
one or omitted to be done by tlleConcessionaire in connection with the performance of its obligations
under this Agreement', and
(xxvii) comply with thc Divestment Requirelnents and hand over the ProjectI
'Iighway to NHAI upon Termination of the Agreem ent.
(xxviii) work in optimizing the use of existing Right of W ay handed over to (hem.Identify and stlbmit proposal f
or acquisitioll of additional land inaccordance with the requirement of Gov
ernmerlt of Uttar Pradesh RevenueDepartment or the Jelevant LA Act
, and pursue with the Government ofUttar Pradesh for early accomplishment of Lalld Acqllisition.
(xxix) make al1 necessary arrangements for acctlnlplishing tlle tasks of physical
removal of the encroachments at i1s own cost.
(xxx) + obtain a1l the necessary epvironmental clearances, cllt the trees and carry
out compensatory afforestation.
fxxxi) carry out shifting of utility services.
*
(xxxii) obtain alI necessary clearances/pcrnzits frilm Railways in respect ofconstnlction of Road Over Bridgc (ItOB) / R
oad Under Bridge (RUB) andcarry out all necessary tasks to accomplish
construction of ROB/RUB: antl(xxxiiilliase with Govcrnment of Uttar Pradesh for implementation of th
eRchabilitation and Resettlem ent plan.
4 l i f M M f't' j f Nîj 58 Bt')T t --''--'--''---- - '-' - - -
- 311 n g f.à etrtyl to tjz a aj-nagar jiect ()1) () o r) lêts j s g y1, +4 o
# M7+%% ' d. o .-yè % tu o* *J. h 1 'q'' '' - /v ... zy
s m ,. : ; q /p xkhxt- ,% ,: #* > >*
'')z *
( x x x i v ) prt'n v itle ftll' t I 'le l y'!. i 1) i 111 tl l 11 l 11 êtc l 1 i 1 lt.- 1'.5.- ;.I 1 lt I ke y I'ltt l-st ..,1) l1c 1 ft t l l1e S i t ect-lns i (lel-i ng fl ex i 1.A le p. 11 ve l'lle f'lt :.t s l t ït.- 1'1 t i ( 't tt-(I i l ) ( l1e IV 17 I ' ( (.-.-l atl se I . 3 7 (''h t-
l'''al4- 1 tnf zNtlt'le ntlt) 141 lk.lél . l t
'
latetl l f.'l l':e Iol't t a t'y -'7f)()z.1 ) .
S t) bject to the telwnls ctnd contl i t itlns of t l l 1 s Agree Ille l 1 t t l1e Concess i on :'t i I'e sltal I ati t s cost and ex pense:
(i) undertake the design. engineeri ng, proctll-enlen: alld constnlction and
tinanci ng of t he Project l ligllway i n acctlrdanee w i th tI) i s Agl-eelnent ;
operate and maintain the Project l lighway at all times in conformity withthis Agreement including but not lim ited to (l1e Specifications andStandards set fol'th in Schedule 'D', Schedtlle 'L' , the M aintenanceProgram me and Good Indtlstry P ractice.
*
The Concessionaire shall, before commencement of construction of tlle ProjectHighway'.
submit to NHAI with due regard to Project Completion Schedule as setforlh in Schedule tH' and Schedtlled Project Completion Date, i(s design,engineering and constnlction time sclledllle and shall fonnulate al) ,
provide CPNUPERT charts for the completion of the saitl activities',
(ii) tinalise tlle design and detailed engineering basis',
* have requisite organisation and k1' csigflate antl app. oint ft Prbjecf managerand stlch other managers. officers and rejlresentatives as it may deem
approprkate to sttpervise the Project ktnd to deal with ttle NHAIRepresentative and be responsible for a1I necessal'y excllallges ofinlbrmation required pursuant to this Agreemenf ; and
undertake, do and p erforna stlch acts, lleeds and tllillgs as lllay be
necessary or reqtlired for conslruction and completion of the Project underand in accordance with this A greement.
In respect of tlle Concessionaire's obligations with respect to tlle Drawings of ttle
Project l-lighway as set forth in Schedtlle ' I', the following sllall apply:
4 - Iani ng of Meertlt to M tlzaflbl llagar section (yf' NH 58 on f1().,1- b;t-7 s '------' - f-JV-' --W 4,o.v
.Y &*Shw>y6% o % .-ak % o
* 4 ', 1. (:5ke '$ . 7i svs zx/'<J ' * z gw. : % Ikt n xu
A . ' ;+ e 2XS47 **. yx . . . *.
' I-lle t-'( )r lctts ); 1 (.A1 ) Ct l I'tt slla l l I')j't* llal-c al-td stlbfl) l ( l.v i f 11 l'ensfnllab le prol'n j)t ltess:tl lt1 i n sktt-. 11 set j t It.l !) ctt as i s t-. k'T n s i skte $1 t %%' j t I 1 t I de lsrqj e c t (.7-t'.) n'l 1) l e t i (7nS t-lletl tl je , t 1) I-ee copies each O f n ) 1 l-'-ll'avv i ngs t (è N l IA 1 alld t l'1e lllde pk-
- ndef) (Constl l tan t tbl' l'e vi e 51$, a nd col-nlnen ts
.
B y ftll-sval-di ng tl-le Dravvings for I-evielv and coml-nent t() N' l'IA 1, t hefroncessionai I'e represents that it laas dcterlllined and veri t'ied that ( h
e(les ign atlt'l ellgineel-ing incltldiitg field construction criteria pelated tl
heretois in eonforîuity vv ith the Speci tications
. StCtndartls and qual ity set forth iI)this Agl-eenaent for and in reslxtct of the Pl-oject I'I ighway
.
W ithin 30 (thirty) days of the receipt of the Drawings. Ni1Al shall review
the salne and convey its conzllaents/obsel'vflticllls to tlle Concessionairewith pal'ticular reference to their conform ity or otherwise with theSjxcifications and Standards set forth in this Agreement
. lt is expresslyagreed that notwithstanding any review and com m ent/observations ofNHAI on any Drawings or failure of NHAI to provide com lnents/obselwations thereon, NHAI shall not be Iiable for the same in anymanner whatsoever and the Concessionaire shall relnnin solely responsiblefor and shall not be relieved or absolved in any manner wllatsoever of itsobligations, duties and liabilities as set forth in this Agreem ent. TheConcessionaire shall not be obliged to await the comments/observatiolls ofN HAI on the Drawings subm itted pursuant hereto beyond the period setfot-th hereinabtnve.
lf the conAments/obselwations of N14AI indicate that the Drawings are no(in conformity with the Specificaf ions pnd Stanflnrds set forf h jn l rllsAgreement. sue/ Drawings shall be revised by the Concessionaire to (h
eextent necessary and resubnlittecl to N IIA I for review
. observations andcom mellts. N HAI sllall give its obselwations and ctlm ments. if any, withinl 5 ( fifteen) days of the receipt of such revised Drawings provided
,however. that any observations or commcnts of NHAI or failylre of N11Alto gi ve ally obsel'vations ol. tzolllnlttnts oll sucl) I'evised dl'awings shal l l1t)(rel ieve (.)r absolve the Concessionai re of its obl igation to conforfll to stlchSpec i t'ications and Standards
.
*
*
The Concessi onah l'e sllal l be resp. onsibl e for del ays i n I.>l'oj ect Conlplet ion
SclleduTe catlsed b y l-easons of any Drawings no( beillg i n contbrn! ity wi tht îIe Speci l'ications iand Stnntlal-ds
, and tlle Concession Periocl sllal 1 n('.'t bc
4 - I a n i n tr ( #' M e tr j ' 4 l t I t ) 177 r-a-/f--a 4. 1) a ja-l -' s g c ( i o' fl-o''-'-l N H--R jk o-n-é -t j-'j-fk a s j s '-- ' - -V % - --.+ wxvbw y + 'm Page .76e
4% 'N -1* .a (:3k? tu O. 9% /-vt : F. V 'N
. k /4// p xu yth+ < e , q*
osv-1. o* o -*% .h.ôe l : i 4.
hk' i tlii 1) 90 ( n iflety) days of the C()D, the Concess ilnna i l'e s11:,1 I ftjrl) ishN
I l A 1 witll ttas btl il('' Drasvings rtzflecting 1 he Project 1-l igh Svay ns Jtcttlal l ydesigned, ellgi neered nnd constructed
, incltld ing yvithout 1 i naitation an itash. tli lt'' stlrvey i I I ustrating the lnytltlt of the Project I lighway alld setbackli
lles, i 1- any, of tlle bui ldings and strtlcturcs forn'i ng pal4 of ProjectFac i l i ties
.
@ -1-l1e C'tlncessional' !-e shal l to NHAI tile drafls of tlle
Contract, theillclutlingContract and
not the obligationtlle Tolling Contract for its l'evi
ew. NHAIshall havethe
,,c () m m e n t s a n d o b s e r v a ( i o n s j f a n y j
n r e s p e c ( o f
ythe Pajeet Agreements wjthjn
.
..3: (tjjjuy) tjays of tjje rreejpt (yopocjp jj s jju y aurj
y
the Concessîonafre sllall consider a1I such com m ents/observatfons. An
ojmyj
co m men ts/o bserva t i o n s by NI JA ! on a n y projec t Ag ree me n ts or t he fa i 1 S C1 C 2
rosoo
prov i de s uc h com n)e n ts s h al I n ot re1 i e ve or abso I ve i n a ny m a n n er wh a ts
y-oyyyyya
f-?o n c e s s i o n a f re o f i f s o b I i g a t i o n s , d u t i e s a n d 1 i a b j I i t i e s u n d e r t h i s A g re e m f 0 C
yosss
ghall i t make NI IA I and/or Independen! consu/tan ( ljab/e to tjle concessioany manner what
soever and shall be without prejtjdice to tjae rjgjats of N r.ja U1
llereunder. J
to provide its right but
Project Agreementsin particular the Epc Finaltcing Documents, tlle O&M
s llbna i t
@
9.6 Period, theConcessionaire
Inaintaining tlle 8ite incjuding the existing two Ianes of the IJCSPORSibIe forOWn Cflst and expense. During thfs perjotj tjae concessionnivfzifft l-liihWay at ifsOr Otberw ixe make im provem
ents fo the ex' i '*G''V' Sl1Zl1 motlify
. repaff-. js( ug ywo jasus jyyujoro jsyjayys oy syynlonths jrom tlle yppofnted oate so that tj
je exjstjng two Ianes compjy witj)requirements provjded jn schedule C1-, and at Ieast 2 (twt.)) ja
nes of flje pajectIfiglaway are ordinarily open (o trafj'jc at aj1 tjmes. Tj)e concessionaire shallprom ptly untjertake aII such repajrs and m ajnteuarjce works
as may be necessal-yt() keep. (he project rjjgjlway trajuc-worthy and safy (jtjrjj)g tjye consjaytyyjouPeriod.
shall beDuring the Constnlction
Tlle Concessionai re shcl l , at all ti n-tcs, afford access to the S ite to the allf horisedrepresentati ves of NI'IA 1. Senior l-enders, and lhe lntlependen! (a
-onsu ltnnt and tothe pel-sons (ltll y nlltlpoliscd by any Govel'n nlentrtl Agency having j tll-istlictionover the Project
. incl udi ng phosc concel'netl wi t h sêtfel y, sectpl'ity or envil-onnlentalpl-olectitl,), to i nspccl the Plrject I'Iigllvvay and to i
nvesf igate tlny mal tcf' wi f l1i 11
zl - l;1 11 ! n g f ) f ' Nferf.l j l t ( j Nf tj ),kt j.jtjjrrj kjgrsj.-jj-éq;j j. 4 jyj ()j. x j j 5: (;y) jj ( ly-j -.s.mt.-.-. ..sx E.a- ils'l % k.e - -'-exovr h . .kw
.aN! ,xu. &vt t # : ..o '-j.. x t.? .# pa (, e ) y. + s.:.. >.. ç, +z .. .:? q Jp x.e4 -t.1 . Jf k q. '
o o1 . 'A Ah . . o.v$ z . . x ht s . . . . . c.w . y . m..4ï *: t .
.
'
s# ) : mo ts zyp .) jy r.r# xv *- oNd- qev <.ö 1:i *J
! , ilci 1' atltllol'i t y alld tlpoll reasol'tab le not ice, ( he t-ollk-etisiollail'e shal 1 prov itl.e tosttcll pel'sons rdasonal'le l'tssistance l'leeess:lry t(..) ctll-l'lz otlt tllei r respect ive (lut ies
klnt.l fttnet ions Nv i th l)'lill inltln) t.l isrtlptitlll tt3 tl'te constrtlctif3t.l , (Aperat ion ktndIllai 1
-) tenance of tlle Projecl I I'ighsvtty colls istent u' i t 1) tlle puj-pose ftnr u/l'lit-h stlcl'lpct-sons have gained sllch access to tlle S i f
e.
O IILIGATIONS OF NIIAI
NI-IAI agrees to tnbserve. colllply and pet-tbrnR the foI Iowi ng:
* enable access fo fhe Site to the Concessionaire, fl-ee frolm Encunlbrances,in accordance with this Agreem ent',
?
permit peaceftll use of the Site by the Concessionaire as Iicensee underand in accordance with tlle provisions of this Agreement witllotlt any 1el orhindrance from NHAI or persons clainling through or under it;
assist and provide a11 reasonable suppof't to the Concessionaire in
obtaining Applicable Pernzits'.
upon written reqtlest froln the Concessionaire, aqsist the Concessionaire inobtaining access to alI necessary infrastructure facilities and utilities,including water, electricity and telecommunicalion facilities at rates andon terms no less favourable to the Concessionaire than those generallyftvailable (o com mercial custon
lers receiving substanfially equivalentse rvices;
procuje that no barriers are erecled or placed by GOUP ouanyG
overnlnentai Agency on the Project Highway except on accottnt of ttnylaw and order situation tnr tlpon national security considel.ations
,'
*
(vi) enler into the Stnte Support Agreement with (1)e Concessionair.e arltl llleG O (7 P ;
zssist lhe Concessionairc in obtainillg necessat'y assistance tt7 l'egulate
.trafûc on the Proiect Highway subject tt) nnd in accopdallce wi tl1 ( heAppli
cnble Laws;
4 l i.t I l t l 't g ( ) l Nlt!c 1,$ l ( t () .$1 uz :1 l 'j a )' 1) ar ; l 1. qe c 1 I f , 1) o 1* N I l 5 8
k ) /)--g-'-4 ( -J) -Ik- jj : j s-'''k '--q, - -- ' - ' - fs *f- - &S- - - - --'---' - . ' .- -- .--f- 4e,: cyvk-l
(0 a j.l () g j.tk ** ': cj -4UR At: C)n N > ,,.sZ t 2
z'x. : 4 op y:x+ .e : / ) Ay' p
- J , xke' + .V?'e ( tv k *
assist tlle (Tonctzssiollail-e i n ot'l ain i ng Pol ice ass istance fl'oll-l G('II.JPagai nst payl-flent of prescl'i lActl ctlst s Cttld cllarges
, i f Ctn y, fol' tl'a ft-icregtl l at ion, pat rol l i ng aod pl'tèv i si 01) of sectlri l y 01,1 t i)e Iàl-() j ect I 1 i gllway ,'
klperat'e and nlaintain lhe Pl-ojt-ct l lighsî/ay dtlri n g t l)e Developn-tent Period.at its ow n cost and expense. in a naanner that the level clf service is at no
timc inferior to the Ievel prevailing on thc date when bids were receivedfor this Concession', and
Observe and comply with its obl igationg set forth in lhij Agreement.
take all necessary steps towards accomplishlnent of acquisition ofadditional land. NHA I shall bear the cost of additional land.
*
(xii) coordinate with Govrrnment of Uttar Pradesh atlthorities for completingthe Iegal requirements and maintaining Iaw and order during rem oval of
encroachmentq by the Concessionaire.
(xiii) provide necessary support to the Concessionaire in obtaining necessaryclearances/permissions/N = its in respect of environmental clearances,tree cutting, compensatory afforestation
, shifting of alI types of utilityservices. constnlction of ROB/RUB on Railway Ii
nes and rebnbilitationand resettlem ent.
(xiv) bear aIl expenses as per demand note raised by the concerned governm entor other concernçd agencies in respect of environm ental clearanceg, treecutting
. compensatory afforestation, shifting of all types of tltility services,construction of ROB/RUB on Railway lines and rehnbilitation aIzd
resettlement., and@arrange to issue fee notitication substantially in the form of Scjledule .G '
.+ *. >
Xl. REPRESENTATIONS AND W ARRANTIES
Rcpresefttations and W arranlies of (he Concessionaire
'l-he Concessionaire represents and warrants to NHAI t1);)l.'
It is duly organizcd, validly existing antl in good standing under tlle laws
o f the j t l I-isd icti on of i ls i ncorporntiol' '&
4 - la n l l)g (4 l M ee ru t (o N.'f tl z:l f I 11 I-n ;, g kl j' set.-t it 1 n (J f N f..l G 1.l o n 1) t $1--- f')kl')-'-'l s s''!- E 4)0bw.
.4 -+ & Page 3t?xxN* wo> % %v* - o '-Ia 1.. (:8 o:
v x ..z. uû r.wz : ; a z zx.. . zp/ u q-+ ' > '? A
&,'l; **0 i *e#b
National Iligh lfza.p.ç z't llthority tz/ Iltdia CA-oltcessi ()l p Agl'ee. l'llej lt
1t has fu 1 1 powel' and authority to exectlte, del i ver and pel-forl'rl i tsobl igat ions ul-lder lhis Agreenlent and to cal'ry ()tkt tlle transactiolls
c'ontelnplated hereby'y
11 has taken a1l necessary corporate and other Jpction tlnder AplllicableLaws and its constitutional documents to aïithorize the execution
. Jeliveryand perform ance of this Agreement;
It has the financial standing and capacity to tlntlertake the Project;
This Agreement collstittltes its legal, valid and binding obligationenforceable against it in accordance with the tef-m s hereof;
lt is subject to civil and commercial laws of India with respect to thisAgreement and it laereby expressly and irrevocably waives any immunity
in any julisdiction in respect thereof;
*
A11 the inform ation furnished in the Bid is, and shall be, tlnae and correct as
on the Appointed Date and COD and the Balance Sheet and Profit andIx ss Account of the Concessionaire for each of its Accounting Years afterthe Appointed Date ftlrnished to NHAI shall give true and fair view of theaffairs of the Concessionaire'.
@
(viii) lt shall furnish a copy of its audited accounts within 120 (one laundredtwenty) days of the close of its each Accotlnting Year after the AppoinledDate and any material change subsequent to the date of such accountsshall be'notified to NHA I by the Concessionaj'ltt within 30 (thit-ty) days k)fits occtll-rence and the Concessionaire warrants that the accounts and tlle .înformation furnished as aforesaid shall be tl ue antl correct;
The execution, delivery and performance of tllis Agreclnent will notconflict with, resallt in the breach of
, constitute a dcfault under oracctàlërfite performance rcquired by any of tllc ternls of tlle M enlol.andtln)and Al-ticles of Association of tlle Cotlceksionaire oI' lhose of any M emberof the Consortitlm or nny Applicable Laws or any covenant
, agreem ent,understanding. decree or order to which it is a Party or by which it t71' an
yof its properties or assets is bountl or affected;
zl - Ianl ng tJl N'ftlel'tll t(' N'1 11 z'al f C.lp'nïtjxlJill sI- ' . I-1 5 8 f')fl 13f)1 l'p:tsd s jy1 ' j on- &+%k% . k
e page 4()* ?,. ..o.? x. w #.ux
.ï. .. -j27 ?/ l J. (7 (D. > ê . vû /-<+ ' z s--
z . x..s. . zo n yxj vt-,11, ; *..J t l b i
National Nfr/fpv4y'.ç Andhtmlty of faz/l'a t'sosleesflion Agreement
There are no actions, suits, proceedings, or investigations pending or, to
the Concessionaire's km owledge. threfttened against it at law or in eqtlity
before any court or before ttny otherjudicial, quasi judicial or otherauthoùty, the outcome ofwhich may result in the breach of or constitute adefault of the Concessionaire under this Agreement or whicll individtlallyor in the aggregate may result in any M aterial Adverse Effeet on it
sbusiness, properties or assets or its condition
, Gnancial or othenvise, or inany impainnent of its ability to pedbrm its obligations ttnd duties underthis Agreement',
*(xi) lt has no knowledge of any violation or defkault with respect to any order,
writ, injtmction or any decrec of any court or any Iegally binding order ofany Governmental Agency which may result in any M aterial Adv
erseElfect or impairment of the Concessionaire's ability to perform itsobligations and duties under this Agreement;
(xii) It has complied with aI1 Applicable Laws and has not been subject to anyfi
nes, penalties. injtmctive relief or any other civil or criminal liabilitieswhich in the aggregate have or may have M aterial Adverse E ffect on itsfinancial condition or its ability to perfbnn its obligations and duties underthis Agreementa'
@(xiii) The aggregate Equity share holding of lne Consortium Memb
ers and theirAssociates as the ease may be in the issued and paid up equity shâve
capital of the Concessionaire shall not be less than (a) 51% (Grty onepercent) during the Constnlction Period and for 3 (three) years followiogCOD
. and ('b) 26% (twenty six per cent) during the balanct re,llainingOperatioms Period.
(xiv) Each Consortium Member was and is duly organised and existing underthe laws of thejurisdiction of its incorporation and has full pow
er andauthority to consent to and has validly consented to and requested N1 IAI
4-Ian1l1g o M eerut to M tlz.a falmagar section of NH 58 o,, Bo-r-7-r----basjs -- GS''S 4. -..-+ &''o Page d l
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tltlatuool/v slq) u! paplaold XIf;SJ.IdXJ St1 ldgt-lyo P11!) JAUS UOS-IJdX UU Xq pk')l1!I))a.I S! k7.7Ut)JqtUl)aU((4 JO Uk7! I JQtI)O JO )SQJgltI! X)!Jn:)QS E LIJItIMlaprln luattloa-l/tr Xuc o) Taofqns glltluolssaouoa klql Xq pkulnbot aq IlvtlsJot-tloll) 1,I?d kktl Itu.lol lugtudlnba .Io S'pllddns t sllltlklltltl.l 2UIPnIalJ! SIQSSVLRCJI't7J I JO al-totl Itl! I ) PUU j VHN .lO 77.4 ! PUOISSQOUOD Qt1) JO 1.lPd 0tl1 UO IAQJP1 t
.
lt) lac Jall )-I n.l Xtlu lnotj) I,u soouclqtunaua. pur Ksullclo tsttal I IIc Jo Jeola)tl,, oaa, a,rt.a uol,cultuao-, otl, uo Ivux u! Tsoa puc o, ssca Il,aqs xs-w,.,,l,.l
l--lxpftlar..I aq ) o) ptlg tl I o.I Iuuo l gsaouoo aq I Io slsolalu l pull s)LI:!.I I I V
*
! ) tlgttlaa-l'z V S! (-IJ U l tl)-1f)J IQSstlol 11 ptloo pul: sltl.lo) atl) paltloaotl ,61 Ipuolllptloaun pue o) pgo-lt'?t't sutl puch',( )-1 -,''l l 1 t.''l ) tl c 1) s.I l ttl a.1 I !, tIt ) I s sootlfo. ') al I ) tI1 # a!. ) tlattloa.l: k? s ? q 1 o) u I .la)tIt7 k))
l tliltt l at'' l ;-î' v tlt) l 'çso.-ltlf )...)' zz?#l?/ Jo 'g-/aolpzz yz sif-tuk //.#.!/../' lnuotlntu
National ê/fc'/l hs,ay.ç -4 uthorily D./' lndin Ctlllt.-tt ssl oI) A greenlel) (
-J-h is y&grcenlent cons ' i t tl tes i t s legkl l . v:t 1 i (1 Cllltl lAi l)c1 i I1g ob l i gat iof ,cn forceable agai nst i t i 1-1 acco l'd t) nce ïvi ! 11 ( I)e lel'l 11s llereo f; a 11(
.1
lt is subj ect to c i vi 1 and con) nlef'c îa1 l awzs of Il'ld i a $v i th l'espect t t.''l (l1 isAgreement and it llereby exp ressly and i rrevocabl y wai ves an y sovel-ei gn
inlmunity in any j urisdict ion in regard t(7 nlatters set forth i 1) thisAgremnent.
* Xll. DISCLAIMERl2. 1 The Concessionaire acknowledges that prior to the execution of tlais Agreem ent,
the Concessionaire has after a complete and careful examination made anindependent evaluation of the traffic volumes
. Specifications and Standards. Siteand all the inform ation provided by NI'lAI and has determined to theConcessionaire's satisfaction the nature and extent of such difficulties
, risks andhazards as are likely to arise or may be faced by the Concessionaire in the courseof performance of its obligations heretlnder
.
The Concessionaire acknowledges antl hereby accepts the risk of inadequacy,
m istake or error in or relating to any of the m atters set forth in Clause 12. l above
and hereby contirms that NIIAI shall not be liable for the sanne in any m anner
whatsœ ver to the Concessionaire, the Consortium M embers or their Associates.
*
*
s A u ho# e'zJ - dg-> *'0.de -eQ' e
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(3$X o< - ox% m'N? h4
! sltltitzltt'tl lli-qlt rf..fz $.,.,,. z4 l/t/?'fzrï/l- f ?/' Ilttlia C-rollcess 14),1 .A. tlt'ee 11 àeI ) (t->1-I A 1*'1:1( It - l VPRt-)J 14t.---1' DEV EI aIIPSII-?NT A ND (.) I'EItA'l-lt)NS
($S 1.8 A N ln DE VEf .-OP54 E N'I- O 17 TH E S I-I 'E
NLIAI hereby gl-ants to the Concessionaire tbr the Development Pel'iod aceess tothe Site for carrying otlt stlch surveys. investigntions and soil tests as theConcessionaire may deem necessary at the Concessionaire's cost
, expense anclrisk witllout causing disrtlption in the traffic on the existing lanes of tlle Project
Highway.*13.2 Nl-lA1 hereby grants to the Conccssionaire for the Concession Period the right alld
Iicence to enter upon aIl real estate comprised in the Site as brietly described in
Schedtlle 'A' and to stlrvey, design, engineer, procure, consfrtlct, operate andmaintain flle Project Highway incltlding thc Project Facilities in accordance withthe provisions of this Agreem ent. Such right and Iicence of the Concessionaire tothe use the Site shall be subject to:
Any existing utilities on. under or above the Site are kept in continuotlssatisfactory use, if necessary by the use of stlitable tem porary or perm anentdiversions with the authority of the controlling body of that utility'
,
@
l 3.2.2 Any existing roads or rights of ways are kept in contintlous satisfnctory llse, if
necessary, by the tlse of suitable temporary or permanent diversions witll tlle
authority of the controlling body of thaf road or l'ight of wfty. For any diversion or
constrllction of tempflrarf roads, NHA 1 v,ill assist thc Concessionaire irl acqtliî'illgthe right of way',
l 3.2.3 The rights of the road uscrs to use the road in accordance with tllis Agj'eement;
1 3.2.4 A rigllt of access by the NHAI itself and any of its agenfs to perfol'm theil'obligntions antl rights under this Agreement or any othcr ftlnctions tllftt they llave.and t(? condtlct any' study or trial for the plll'posc of research'
,
The Iicence and tlle right to tlse the Site shall be granted for the purpose ofcarl-ying otlt the functions placed upon the Concessionaire tlndel' (he A
gl'ettlllentftnd tlot for alty other pupposes'.
. . . .... ..4 . ( ;tl) i 41 g () l hzlt!e I'tl t 14. 1 hzl tl z;! l f ly t'I'j 2,g a)' sttcl jf.J n f ) t )i..J Ij 58 f ) rl !.) ( )'J- 1.y:1 c.k I s yi.'' gjj --'--- --'' ' ' '.4N +
c Page 44#.+ * êh '11
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#* .
.?tr -- A'h*
A'zz/t-o?lzt/ lligh 'f-tt.),-s' .4 Ittllol-ilb' of /'//t'#tz Crollt-ess iol, r'Ygreet-nellt
Tlle C o nce. ss i (-.,na i re slla l 1 bear a l l costs a ç1d cllal'ges for sllec.i a l Jll'ïd telujlol-a ry
l-ighls of Nvay I'ttqu i l-etl l7y i f i 11 connect iol) Tvith nccess to t l'le S ite. 7-heConcessi oll ai re sha l I obtain a(' i t s cost stlcl4 fûc i l i ties on of otltçi de t he S ite as nlaybe l-e(1 tl i retl by it for tlte purposes of t l1e Project iligllway and tlle perfol-nlance ofits obl igztions tlnder this Agreen-ient
.
Rigllt of 'Vvay
ffxistil'g Right-of-way
Existing Right-of-way to the Sife sllall be made avnilable
pul'suant hereto by NHAI free from aIlConcessionaire being required to make
costs.
Concession Period save and except asandexpcnstts charges for the use of such Sites for theduration of th
eotherwise expressly provided in thisConcessionaire acccss to theA reem ent. NI4AI shallt
Right-of-way, freefrom the date of this Agreement
. Provided, however, that if Nl1A1 does notenable such access to any part or parts of the Existing Right-of-way for anyreason other than a Force Maieure Event or breach of this Agreement by theConcessionaire. NHAI shall pay to the Concessionaire D
am ages at the rate of Rs.
procure for the Existing
fifty ) daysof Encumbrances, not later than1 50 (one hundred
to the Concessiollail'eEencumbrances and withot/t tlle
any payment to NHAI onaccount of any
thousand) per month per 1 ,t)(X) (one thotlsand) sq. metel's orpart thereof if such area is required by the Concessionaire for ConstmctionW orks. Such Danlages shall be raised to Rs
. 2,* 0 (Rupees two thousand) permonth after COD if such area is essential for the smooth and efficient operation ofthe Project l'Iighwfty. Provided funher tllat the Completion Certificate or theProvisional Certiticate, as the case may be, for the Project I'Iighwny shall not beaffected or delayed as a consequence of stlch parts of the Existing Right-of-wayremainingAlnder c
onstruction after thc Scheduled Project Completion Date.
1y000 (Rupees one
*
*
l 3.5.2 Additional Right-of-way
#
Additional Right-of-way shall be made available (o the Concessionaire as per tlAel'landing bves Sthcdule (Schedule 111-1'9) free froln aIl enctlm brance and wilhotstthe Concessionnire being required to make an
y paylllent to NHAI on accollnt ofany costs, expenscs and charges fol' tbe tlse of sllch Additional Right-of-way forthe dtlration of the Concession Period provided îhe Concessionaire has fulfilledhis obligations ptlrsunnt to clause 9
. l (xxviii).
. l - l : , f) I n g f ) l M e e I ' l l ( l ( , N'1 t, ?. j k f ( k I r f .k a g kt r sec t 1 # ) o ( , f ' N I 1 n Fl o n ('l'-'-f J' --:1 '-'''''t. v ' - -- --- ' -- -'-- ') î ' . 1 s svvû +
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( )I1 t7l' a fte 1. t llt, ?'N ppt ') i l lted llate , t l'lc (. -( .,1 lccss it'l'l Jti I'e slltti 1 con) n-lellce , tl 1, (1e rtake:'tI)(.I (.-( 11 lAplete al l t'-rollstrtlct itan 'SN'J t-.) rks oll t l)e 111:) iect l 1 ighlva y i 1.1 :1(-. col'dctllt--e m' i t ht his Agl'eenhent .
(t'onstlalcl i 011 of tlte Projecf l.ligl) way .i.;llal l be tl rltlel'tft k eI1 by the Croncess itnn i-l i re i 1)collforn-iity w ith the Project Colnpletion Schedule (Scltedule % l'1 ' ) and tlle Pl-oj ectrnilestones sel fol-th tllerein for conlpletion of (l)e Project Ilighway on or beforethe Scheduled Project Colnpletion l'Jate. lf the Concessionaire fails to acllieveany such Project nli Iestone other than Projecl Colnpletiol), witlli n a period of 90(ninety) days from the date set forth in Scheduie ' H' then it sllall pay Damages toNI'1AI ftt the rate of Rs. 1 ,000,000 (Rs. One nlillion) per day tlntil sucll m ilestolleis achieved. NHAI may eitller recover such Dam ages flrln the Perform anceSecurity or demand payment thereof frol'n tlle Conccssionaire
. TheConcessionaire shall make such payment within 7 (seven) days of recelving suchdemand from NHAI and any delay in making stlch payment shall attract interest
@ SBI PI-R plus two per cent. If the Concessionaire fails to achieve Pl'ofectCompletion as per the Scheduled Projcct Completion Date as set forth in Sclledtlle'H ', then it shall pay dam ages to NHA I as per Article X V .
M ONITORING AND SUPERVISION OF CONSTRUCTIO N
*
*
During (he Constnlction Period, the Concessionaire slàall furnish to NI'lAl and thelndependent Consultant appointed in terms of Clause 20. l , nlonthly progressrepofts of actual progress of the Constlalction Works comprised in tlle ProjectI Iighway and shall give Jtll such other relevant inform ation as m ay be requiretl b
yN l-IAl and/or the Independent Consultant.
'l-lle lnjepclldent Consultant shall illspect tllc Construction Wlork's and flle Proleetl-fighway at least onve a naonth during tl4e Construction P eriod nnd nlake otll an
Inspection Report of such inspection (the 'ilnspection lk.elAort''l. It sllall sentl ;tcopy each of its Inspection Reporl to N IIAI and the Concesstonaire
. TheConcessionaire shall take necessary action to refnedy the lapses
a if' any, stated inllle lnspcction Report fbr ensuring ctonxpliallce witl) tlle pl-ovisit'/ns (3f tllisAgrcenlent. Sucll inspection or subnlission of Inspection Reporl by tlleIndependent Consultant shall llot relieve or absolve the Concessiclrlrti re ()f- itsobligations and liallilitiec hereuntler in any n-lanllel- wllatsottver
.
lk-ol' (lle j'ltlrposes ('.)f tleterlllil'l i 11g that C'Jtnnstl'uct i (-'l1 yvf-pl'k-s :kI'e Iaei !)g t'I'l: Iel-tak en 1 11acc ol-dance vvi th S Inec i l'i cat i on s and f'l ta nda rd s ;ll'1(t tstntlt.l l I'jdtl s t l y fal'itc t ice, t l le
4 .. 1 1k 1, l 1, g f J I Nl'(:k..d tl l 4 ï ' N1 tl z 11 @ l 71 ryhlt,!/ 1, r sttt t l t 'kn ( ) f 1.kl 1.1 .- () 11 B .)7 llëks l '> ..j. s jj%
+-+ c+ * ,4 . '%x$
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x.x gQ * .'P A' 'NN':;:k ) 1k 1;7: l
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# *zlz syx'N* w, f) e
A/t'lf iolltll Iliph lshtt.'y< A tf tltot-it 3, (4- lllt/itz Collce ssion A
gretzlntrtlt
Il-tklellentlent (-ftlnstl llallt sllal l
stlch t illle and
with Good
f--otlctxssi i lîlai t'e tt'ï t2 ay-ry out sl lc tï ''I-est s :ttfreq t lency and i 11 sllcll Illall ne 1. as nlay be!1C C ('! S S ;.) rjz 1* 1) ac C (-7 l-tj ( l j) c elndtlstry Practice for quality assurance
. 'l-lle Concessionai re shal I u'il 1)dtle dil i gence carl'y otlt
. o1- catlse to be cal-ried out, al l such tests in accordance
with the instl-uctions of the lndependent Consultant and furnish the restllls of sllt-l)tests forthwith to the lndependent Constlltant. T'he, C oncessionaire sllall promptlycarry otlt such remedial Illeastlres as may be necessa
i'y to cure the defects ordet-iciencies, if any. indicated in stlch test restplts and furnish a reporl to the. lndependent Constlltant in this behalf
.
lf the lndependent Consultant or NI'lAl shall reasonably determine that the l'ate ofprogress of the Constnlction of the Projcct Highway is such that the ProjectCompletion is not feasible on or before the Sclleduled Project Completion Date bythe C
oncessionaire, it shall so notify the Concessionaire abotlt the same andthe Concessionaire shall wilhin I 5 (fifteen) days thereof notify the NHAI and theIndependent Consultant about the steps it
proposes to take to expedite progressand the period within which it shall achieve COD .
Upon recommendation of the lndependent Consultant or suo-m ott . NHAImay by written notice require the Concessionaire to suspend fot-tlzw ith thewhole or any part of the Constnlction W orks if in the reasonable opinionof the Nl1Al sllch work is being carried on in a
mannelr which threatellsthe safety of the works or of the users of tlle Project Highway.
Tlle Concessionaire, shall upon instructions of the NHAI
purstlant to stlb-clause (a) above stlspend the Constnlction W orks or any pal't thereof forsuch time and in such manner as may be specified by NI'lAl and subject tnSub-ciause (c) below , the costs inctlrred dtlriltg such
stlqpension toproperly protect and secure the Construction W oi'kg or such pal't thereof asis necessary in the opinion of thc Indcpende
nt Consultant (ttpreservationCosts''), shall be bonae by the Concessionaire.
*
@
lf the suspension purstlant to Sub-clause (n) above, is catlsed lày:
nny reason otller t han de fault or breacl) of (his Agrettlllent t)y t heCsoncessionaire including breacl) of
any of the obl igations of theConcessionail'e under th i s Agreenlent, f he Preserval ion ('Josts shcl 1ibe borne by N I-IA 1,-
4 l f' &f - ' t çt, ltf llzêktfl'al'llagztr scclsïlrt of' Nf l -.à F) o#! i9f 3-1- f - - --'-- - -'- ' ------- f l f) I /) # () tr 1- l tl . ',:y $ l lx y E J)
9z o.1. <
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M. #x. .S.t,
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.lgatiottal Iligh w't'l 3,.: z.t tttltot-ity t?../- lltilia ( Ntvldcessi oll z: g l'ee l'llel) t
t-easoll o f t1e fa tt l 2 ()1. bj'e ac 11 (.) f l l1i s A gl'eel) le 1-1 t t) y N !'1 A l t I Iel7re se I'v a t if-ln t.-'. t-)s; t s shal l be bo rne b y N I l A I ', a 1-t (1
l'eastlll of an y lIorce 54 ajet, l'e f! vel'lt , tlle Presel-va t i (-31) (7 tAs l s s ldit l l beborne by tlle Cqollcessionai re save antl except to tlle ex ten t(ltherwise expressly psnvided il1 Al'ticle XX IX .
@
If suspension of C-onslnlction ïvorks is fol- reasons ntlt attribtltable to theConcessionaire, fhe Independent Const/llnnt shall detel'n-line any extension
to the Project Conzpletion Schetlule. tlle Schedtlled Project ColnpletionDate and the Concession Period, to which the Concessionaire isreasonably entitled and shall noti fy N11A1 accordingly. N1 1,4.1 sllal lextend the Prqiect Completion Schedule, the Scheduled ProjectColupletion Date gnd the Concession Period in accordance witla the
recommendations of the Indepelldent Consultant.
XV. COM PLETION
The Project shall be deemed to be complete and open to traft'ic only wllen tlleCompletion Cel-tificate or the Provisional Certiticate is isstled in accordance withthe provisions of Article XVl (the 'iproject Completion'').
COD of the Project shall be the date on which the Independent Consultant hasissued the Completion Certificate or the Provisional Certificate
. as (he case m aybe, under (his Agreefnent and the Concessionaire shall not levy and coll
t-ct allyFee until it has received such Com pletion Certificate or the Pl-ovisional
Certificate.
The Concessitnnaire zguaranteeq tllat the Projcct Completion shall be achieved inaccordance with the provisions of this Agrcement on a date not later than 36(thirty six) months from the Ap pointed l-late ('-sclleduled Project ConlpletionDate'')-
lf the Pl-ojpct Conlpltztion i s not rlcll ie ved by (l)e Sched tlled P roject ().*-on1I)Ief i on
Date for any l'eason otller tllal) conditions constituting l'kll-ce Nzfajeure t7r fol-reasons nttributable tt3 NHAI of' afly Governnlental Agcncy
, llle Concessiollail'eshal I pay to NHAI as weekly lJanlagcs for dclay i n tlle achievcm ent of tllc (---'Or).an nn-lotln! calculated at the I'ate of 0.0 1 % (poi Il( zel'o one per cent ) of f l)e Tota lProjecf Cosf pcr week ()1' pa l't t lleret') f.
*
4 1 N.4 a ' Nz1 #'j' ' . . . t x I.j ..ç j( Ij( )' j- j - ----- - - --- ' ' ' ' ' ' - '-' --- a I 1 l l 1 #! f ) l tt t - I t l t I l )'
t
'
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'
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islatiollal Iliglt '#'f?.y.$ ,4 uthorit), o.f J/lz/&z C-at'flt-essl t)n zXgd'ettllte l)t
l 1' ( he f-*(.)13 does not occ u r wi t l)i n 1 2 ( t we l ve ) lllol'l ! I ls 1'1't) , t1 t I1e S c lled t) l ed Plojec (C*onnpletion Date, NHAI shall t)e entitled to -l-ey'nli llale th i ?.k Agl'eelllel'lt i 1)accordance with the provisions- of Clatlse 32. 2 .
'PIi!SOI>S
A11 Tests shall be conducted in accordance w ith Schedtlle *j' and the AppllcableLaws and Applicable Permits. NHAI shall designate a NHAI Representative fow itness and observe the Tests. A11 Tests shall be lleld in nccordance witll tlleschedtlle notifie.d by the Concessionaire to the lndep endent Consultant at-ld (heNI'IAI Representative who may either witness the Te.sts themselves or designatetheir representatives for this purpose, if they choose.
The Independent Constlltant shall monitor the results of the Tests to determ ine thecompliance of the Project Highway with the Specifications and Standards
. TheConcessionaire shall provide to the lndependent Consultant and the NHAI withcopies of all Test data including detailed Test restllts
.
@
*
At lenst 30 (thirty) days prior to the Iikely completion of tlle Project Highway oreach of (a) a continuous stretch of at least 50 kms of the Project Highwny and (b)the balance stretch of the Project llighway (if the length of the Project Highway ismore than 50 km), the Concessionaire shall notify the lndependent Constlltant andNHAI of the same and shall give notice of its intent to conduct any final Tests.The Concessionaire shall give to NHAI and the lndependent Consultallt at least10 (ten) days' prior notice of the actual date on which it intends lo commence theTests and at least 7 (seven) days' prior notice of tlle conlmcncement date of
anysubseqklent Tests. The lndependent Consulfant shall have the right to suspellc) ordelay any Test jf it is reasonably anticipated or determined durinju the cotlrse ofthe Test that the performaylce of the Projcct Highway or any part tllereof does notmeet the Specilications alad Standards
.
Upon the Indepcndent Consultant determining the Tests to be stlccessftll in
respect of ally stretch refel-red to il1 Clause l 6.3 having been satisfied tltat sucl)
stretcll of the Project llighway can be Iegally, safely and reliably placed inconanAercial operations. the Independent Constlltant sll;1ll forlhw ith issue to thcConcessionaire and NHAI J1 Certificate in respect tnf $ucl1 stretch stlbstantially intlae folnu set forth in Schedtlle < K.* (the x'Conzpletion Ceîqificate-') and uponConhpletion Cel'li tlcate hlavillg been issued in l'espect of 7111 stl'etches l'el'el'l'et)l lo in
.-.m......- - - - . . -. . . .m .-. . . . . . - --.. .--- ..- .- .- .- ..-d - l:) 1) l 11,g () l V trt'l'tl ! ( f 1 h4 t1d ë1 I lltl l111!Jê hl' Sthct 1() ft f lf hl l'I 5 F( () a fs (),1 ba s l ssT &k, +
.+ c,tK* . .+% /4 . -4N z *&
' % o -1Q x . vd C3.: N. .yxx 1. utï y.x)k '. cazt; + zxxr .;g/ /F l J. y..p j.p-1. .. e e / / ) y:;w . z ) s.,&. u '
.1:. s X'*' C1 c î h % k
Natitèttç4l Iliglt piztty.ç A Itlltol-ily t.?.f Iltditl CN.oI lcttss i 01) Agree y1)eI1(
()7 lattse l 6 3 ('-'t 33,11 p l e t 1 431 1 (--e 1't i f i (.', t î t e c e 1't i t-y ') 1) g t l Ie 1'3 14.) 1 ec t
Colnpletion .
The lndependent Consnl tant Inay at the req tlest of the (.7 otlcess iona ire isstle a
provisional certificate of conlp. le( ion (téprovisional Cel't i ficate'') i f- t he Tests al-esuccessful in respect of any stretcll f'eferred to iI1 Clatlse l 6
.3 and sucll stretch ofreliably plltced in colllmercinl
operation though eertain works or tllings forming pa14 thereof are not yetcomplete. 1m sucll an event such P rovisionnl Certificate shall have appendedtllereto ;, list of outstanding items signed jointly by tlte Independent Consultantand the Concessionaire (Kfpttnch l..ist''). Al1 Puncl) List items shall be completedby the Concessionaire within l 20 (one hundred twenty) days of the date of i
sstleof such Provisional Cef-tificate. Subject to payment of Damagcs equal toRs.200,000 (Rs. Two llundred tllousand) per week or part thereof on accotlnt ofany delay beyond the aforesaid period of 1 20 (one hundred twenty) days
. TheConcessionaire shall be entitled to 'a further period of uptc
h 1 S0 (one htlndredeighty) days for completion of Punch l-ist items. Upon eompletion of all PunchList items to the satisfaction of the lndependent Consultant, the IndependentConsultant shall issne the Completion Cerliticate to the Concessionaire. Failureto complete the Punch List items in the mcnner set fol4h in this Clal,se 16.5 shallentitle NHAI to Tenninate this Agreement in accordance with the provisions ofClause 32.2.
the Pl-oject l'lighway can be legally, safely and
*
*
1 6.6 lf the lndependent Consultant certifies to NHAI and the Concessionaire that it isunable to issue the Completion Certificate or Provisional Certificate because ofevents or circum stances which excuse the performance of the Concessionaire'sobligations in accordûnce with this Agreement tand as
a consequence thereof (l)eTests could not be held or had to be stlspended
, the Concessionaire shall re-sclledule thlrrests and iloltl tlle same ys sotlë) as reasonably pracllcabl
c.
Upon receipt of a report from the Independent Consultant or after collducting itsown review or inspectionr if NHAI is not safisfied w ifl) tlle reslllts f:f nny Testsa itshall within 7 (seven) days tllcreof notify the Concessionaire of its reasons toconclude that the Com pletion Certificate shotlld not be issued
s in whicll castr (heConcessionaire shall promptly take such action as will achieve such satisfaction.Such procedtlre shall be repeated as necessary after rectification and rem
edy ofreasons/ causes by the Concessionaire on account of which the Tests wereunsuccessful, until the Completion Certificate ol' Pl'ovisionnl Certificate llas beenisstled in accordance with this Agreement by ll1c Indcpefldent Constlltant
.
4 - l a l 1 I I 1 g (.) I Ndtre ruI tf ) N1 u za f'j 'al-llag)! r sect i(1 n t, f' N H 5: ( ) 11 1) ( IT bas ! s -- ''V -S1/ --+h*
, s Pase 5(). + %
+ wX. (D -fV $. kg ox .az ,w.V . < rx f' ,'xtj w
.v v - / jxtx.n stj: 1 t- ') A%o etvt. . elz . .A. *
,# s*'#e' Ilel.îl
'l-lle Ctlncessionai re shall l7enl' êtl l tlle ex penses l'el at i 11g to ' Iksts tllldel' (1 lisAgretznAe nt . Pl-ov ided , llow ever, thtl.t i f t he N 1-( zN l Represe nt at i ve reqtl ilts any''rest to t7e cond tlc ted ïv 1-1 i t? h i s llof s p
. eci f 1 ed i n ()) i s A gl'ee Il-len t n11d s tlch 'fkst i s notnecessary i(1 the opi n i()n of tlle Indepentlent (
-->- t'lnstt Itant, tllen tlle ex penses on such
-rest shal 1 be T-e i nlbtl rsed by N l l /: I fo t he (Ctlncess i onai rc .
XV11. CHANGE OF SCO PE
Nl4A1 m ay, notwithstanding anything to the colltral'y containecf in thisAgreement, require provision of stlch addition /deletion ttn the works and serviceson or about the Project Highway whicll are beyond the scopc of the Project ascontemplated by this Agreement (irlzange of Scope'')
, provided stlch changes donot require any increase/ reduction in expenditure exceedi
ng stmtfive per cent) ofthe Total Prqiect Cost and do not adversely affect tize COD
. AIl such changesshall be made by NHAI by an order (the ''Change of Scope Ord
er'') issued inaccordance with the procedure set forth in this Article XVII.
17.2 Procedure for Change of Scope
*
Nl4Al shall w henever it desires provision of addition/delefion of works andservices referred to in Clause 17
.1 , issue to the Concessionaire a notice ofchange of scope (the itchange of Scope Notice'')
.
(b) Upon receipt of such Change of Scope Notice, the Concessionaire shall with
in 15 days provide to NHAI and tlle Independent Consultant suchinformation as is necessal'y and reasflnable tog ather' witl) prelinl
z'
narydocqmentation in support of tl'je followillg:
*
the ilnpact, if nny, which tlle C'hange of Scope is likely to have on tlleP
roject Colnpletion Schedule if the work is required to be carried outbefore COD, and
(ii) tlle cost irnplications to tlle Concessiohaire of complying with suchChnnge of Scope Notice (inclllding
, without limitation. material andlabour cost information furnished în accorda
nce with tlle ctlrrent schedtlleof rates applicable to the sinlilar works assigned by NHAI/PBCD to itseontractol's, including tlle prellliunl on such rates)
.
4 - 1 a n i n g o f sfttt.r f'l l l t (' N'1 tl z.a l t;l l Iltl!?rll l scc l i on o t ()T tl.rtsi sY
' foage 5 jv k.s zy* A .4: +ë <
c,2 . . #)) l r (0 Y1 ,) . s! . ko ...4* <!
QYJ' zx* exzs'ew pol,: zp s.q !.b
National Ihkltways ,4 utltority of lltdia Collcessioj) Agreemellt
(iiiltlle options suggested fol' irnplemcnting tlle proposed Cllallge ()f Scopealld the effect, if any, eacll stlch option would have on (he costs and time
for the implementatioù thereof including a detailed breakdown by workclassifications. Provided, however. that tlle cost of providing stlchinfot-mation shall be reimbursed to the Concessionaire by NHAI to theextent such costs are certified to be reasonable by the lndependerltConsultant.
If NIIAI desires, after receipt of information set forth in sub-clause (b) toiification), it shallproceed with the Change q)f Scope (with or withotlt mot
convey the desired option (with or without moditication) to theConcessionaire by issuing a Change of Scope Order with in 30(Tl1iI4y) daysfrom the date of recommendation made by lndependent Consttltant andthereupon the Parties sllall make good faith efforts to mutually agree uponthe costs and time for implementing of the same. Upon reaching anagreement relating to such costs and tim e, NHAI shall issue a writtenconfirmation of the Change of Scope and thereupon the Concessionaire shallproceed with perform ance of such order. In the event, the Pmlies are unableto agree, NHAI may, by issuing ft contsrmation in writing of such Change ofScope Order, require the Concessionaire to proceed with the performance ofthe Change in Scope Order pending resolution of such dispute
.
A Change of Scope Order will be effective and binding upon issuance of acontirmation of such Change of Scolx Order by NHAI. Notwithstanding a disputeregarding cost and time for implementation of such Change of Scope O rder
, theConcessionaire shall proceed with the Performance of such Change of ScopeOrder profnptly following NHAI'S confirmntion pursuant to Clause 17
.2( c ).Peqding resolgtion of such dispute. NHAI shall either pay to the Cencessionairmif the Change of Scope Order involves increase in Bill of Qllantities or recoverfrom the Concessionaire if the said Change of Scope Order involves decrease in
Bill of Quantities, an amount equal to the costs that are certified by thell&d . dent Consaltant to be reasormblc pltAs/mitm: (tt< (he càse rliày be) one-
llalf the difference betwecn the amotlnt certified by the lndependent Constlltantand the amount claimed by the Concessionaire with linal adjustments to be Illadein accordance with the resolution of dispute under the Dispute Resoluti
onProcedure. In case NHAI has to make payment it shall tIo so within 60 (sixty)days from (he date of receipt of duly verified claims as per procedure given in thi
sClause. In case NHAI has to recovel' froll) the Concessionaire
, the anlount will berecovered directly from the Escrow Accotlnt Jtnd for that purpose the
*
4-la1)i l1g t)f N'feerut ,l) Mtlzaffarnagar section of NH 5 01) EI()T lmsis ..j-e:
Page 52.+ G%m Aoe #.4 4
...j4% .+ o c2 t?- uo t.x eks. . x < zt'n<. . 4 j s /jy % F: f-b,j , . 7 s-1h$. $1t5.,.,44, ,j, -,/-
Concess iolltt i l-e lael-eby e xpressl y at1 t hroi ses N 1.1 Al and hereby gi ves i rrevlx ab le
instl-uctions lt) Escrow Bank to lnake paynlent fronl the Escrow Accotlnt in
accordance with instructions of NHAI uflder tllis clatlse.
AlI clainls by the Concessiontxire pursuanf to this Article XVl1 sllall be stlppofledby sucll dclctlmentation as is reasonably stll'licient for NHA I/IC to deterrnine theacctlracy thereof, including invoices from Colltractors and certification of stlch
claims by tlle Statutory Auditors. .
* XVIll. OPERATION AND MAINTENANCEThe Concessionaire shall operate and maintain the Project Highway by itself, (nrthrough O&M Contractors and if required, modify. repair or otherwise make
improvements to the Project Highway to .comply with Specjlicafions andStandards, and other reqtairements set forth in this Agreement, Good JndustryPractjce, A pplicable laws and Applicable Pennits and manufacttlrer's guidelinesand instrtlctions with respect to toll system s, and m ore specifically:
permitting safe. smooth and uninterrupted flow of traffic kluring nonnal
operating conditions;
charging, collecting and retaining tlle Fees in accordance with this
Agreem ent'
@ (iii) minimizing disrllption to traffic in the event of accidents or otller incidentsaffecting the safety and use of the Prqject Highway by providing a rapidand effective respgnse Jtnd nlaintaining liaison procedtdres with enlergçncy6 C f V i C C S ) t
undertaking routine maintenance including prompt repairs o1' polhtales,
cracks, concrete joints. drains, line markingss lighting and signage.'
undertaking Inajor maintenance such as resurfacing of p. avements, repairsto stnlctures. repairs and refurbishnlent of tolling system and llnrdwnre
and other equipment',
- Nfct-. rtl I tfà 54 tlza f fa I-nltttar sec t i on o f N l 1 5 8 tlr) 1:3 C IT 14 a si s (:;. :7 zp4 - I an i ng of Y c page 5.7
+ -o. A ho (a -4.< ,+v .. vo o
. * o < z.x* '- y zx4 - - v -J T1 ) j. w, ..!x.
$-) & wxs ,, ) , , as.F.1. .. s: .*;>. 'h., ' '# *4. .
*
*
National llighways z't utltority of /1l#iW C.tAllcessitàll Agreemellt
carrying our periodic p,-evenf ive lllaintenance to Project I.lighsvayincluding ttllling systeln-,
(vii) preventing with the assistance of concerned 1aw enforcement agencies
ullauthorksed entry and exit from tlle Project l Iigllway:
(viii) preventing with the assistance of the concerned lûw enforcement agencies- encroachments on the Project I'lighway including Site and preserve the
right of way of the Project Highwny',
(ix) maintaining a public relations unit to interface with and attelld tosuggestions from users of (he Project Higllway, the media, GovemmerftA gencies, and other extenlal agencies', and
adherence to the safety standards set out in Schedule
18.2 The Concessionaire shall in consultation with the lndependent Consultant prepare
not later tlzan 180 (one hundred and eighty) days before (l1e Scheduled ProjectCompletion Date, thc rcpair and maintenance lnanual (the :<hllaintenanceM anual'') for the regular and periodic maintenancea and shall ensure and proctlrethat at alI times during the Operations Period
, the Prcject Highway is maintainedin a manner that it complies with the Speciûcations and Standards and therninimum maintenance requirements set forth in Schedule L
. The Concessionaireshall supply, at Ieast two months before the COD
. 10 (ten) copies of theMaintenance Manual to Nl1A1 and 3 (three) copies each GOUP andIndem ndent Consultant. Copies of the M ainfenance M anual slaall also be m adeavailable by the Concessionaire' for public inspectlon during ofticc hotlrs
conspictlous plûce adjacent to each Toll Plaza on the Project ftighway.
Not later than forty five (45) days before the beginning of each Acconnting Year,
the Concessionaire shall, in consultation with the lndependent Consultant prepareand provide to NHAI. its proposed programme of preventive antl other scheduledmaintenance of the Project Highway subject to tlle mininaum nlaintenancerequirements set forth in Mainfenance Manual antj in Schedtlle 'L' necessary tomaintain the Project Ilighway at a1l times in conformity with the Specificationsand Standards (the StM aintenance Programme''). Such M aintenance Programm eshall include but not be limited to the following:
4 - Iani ng (,1- Mtlrrut to àluzaffarllag:tr scctit'n of NI 1 58 on BO'1'' basis i;:,- zp ' --4N o Io
age 54. :1 Au ow # .'o*+ 4.4 o a ..j' ,7 to
,.4.2# v:,s -q Y z.yp exi .: , v ;-) xv l.>1 , . .'
: , j .* N,. . x rx>œ. :
igativltal I'liglt 3$,fz)?.$- ...4 uthot-ity o)' Illdl-a U'tltlcess iotl xp'Ng l'e(.- I d lktflt
intervals :4ll(l llrocetlu res for the ca rryi I1g otl t o t- i l'lsl-lec t ion ()f 2 I 1 e 1 e llle 1) t s
of the Pl'oject l-li ghway,'(ii) criteria to be ad op ted for deciding I-nainlenant--e needs;(iii) preventive nnaintenallce schedule;(iv) ilptervals wlïicll tlle Concessionaire
nlaintenance;
(v) ' intervals for naajor maintennnce antl lhe scope thereof', and(vi) lane closures sclledule for eacll type of maintenance (lengfll antl (il1)e).
* 1 8.4 Maintenance shall include replacement of etltlipmen/colzslllllables, hortictllturalmaintenance and upkeep of all Project Assets iI1 good orcler and workingcondition. M aintenance shall not inclutle the extension o1- any existing pavements,
bridges, stnlctures and other civil works unless paI4 of the Project.
18.5 The Concessionaire shall keep the carriageways, rest areas and otller ProjectFacilities and Toll Plazas in a clean, tidy and orderly condition free of litter anddebris.
18.6 During the O perations Period, the Concessionaire shall not carry out any m aterial
moditications to the Project llighway save and except where such modification(i) is required by Good lndustry Practice; or (ii) is necessary for the ProjectH ighway to operate in conform ity with tlle Specifications and Standardsprescribed under this Agreement. Provided that the Concessionaire sllall notifyNIIAI of the proposed m oditications along with details thereof at least tifteendays before com mencing work on such modifications and shall reasonably
consider such suggestions as NHAI may make witllin 1 5 (fifteen) days of recciptof such details by NHAI.
+ #. *
1 8.7 The Concessionaire shall l)e respcmsible for the maintenance of the approach
l'oads to and undel'passes and overpasses upto l00 mtrs from (l)e Project llighwayin accordance w itll Good lndustry Practice.
*
l 8.8 Safety, Vehicle Bleakdowlls and Aceidellt
1 8.8. l ln the case of unsafe conditions, vehicle breakdowns and accidents, tlleConcessionaire shal l fol Iow the relevant operating pl'ocedures, which shall includethe setting up of temporary traftic ctoncs and ligllts as well as the removal oI'obstructions alld tlebl'is expeditiotlsly. Such procedures shall be iI) itccol'dance
sTS&V. 4.-+ c
d-lani I)g ol N'lerl ul t(' Nfuzaflkkl-llajzlar sectic,ll ot Nl.! $8 (1n 1343-1- b:),$--'- -- - ''' ' ' '' - ---- - ----'-- --s # O(:3 pa g (? j 5%$% 4 16 uû O+ o z.w
. CXK % vez zxkkv ... ys1
- / p y.A7 .
j hh Tt k l-:: w , # fhr* Z* *J- #* v v
&*'*.. - 1. o
1 8 .8 . 2 'Tlle UNol-lt-ess ionni re sllall enstlre that all)? di vers iofl or i n tel-l'tlpt ion of f l':t t'fic i s
l'clnedied &vi tllotl t de lay. 'l-he tlMonccss ionaire ' s respons ib i l 1 t y fo $' resc ue operat ion s
on the Projcct I-.l i gh way s l1al l bc I i Ini ted to the l'elpoval of veh ic les ol' de bri s tlpany other obstnlction, hvhich luay endanger or 1 Ilten-tlpt tlle s I'tlootl) traflic llt
.)vv oI)
the Project l'lighway.
@
'l'l1e Collcessionaire shall ellsure that safety standarcls specified iI) Sclledtlle 'S '
are strictly colnplied witl) in tlle event of any lalle clostlre or tlivel'sion of trafl-ic.
Compliance witlt Schedtlle 4S' will be Inonitored by the Indepentlent Consultitntand a breach by the Concessionaire of its obligations in respect of this Scheduleidentified by the lndependent Consultant shall be notified immecliafely and isrequired to be cured within 24 hours of its notification notwithstanding inspectionand repol-ting procedtlres outlined elsewhere in tllis Agreenlent
. ln addition, eachnotitied breach shall lead to the award of a penalty point to the Concessionaire
. Atotal of five penalty points in any continuous period of 365 days sllall constitute aM atelial Breach of this Agreement.
18.9 Emergency De-com m issioning
l 8.9- l If, in tbe reasonable opinion of the Concessionaire there exists an emergerlcy
which warrants decommissioning alld closure tt) traflic of whole or any part tnf theProject Highway, the Concessionnire shall be entitled to de-commission and closethe whole oI- the relevant part of the Prqject Higllway lo traffic for so long as suchemergency and the consequences thereof warrant. provided however that stlchemergency' decommissioning will be notitsed fcl N1.IA1 prllmptly
. N l IA ! l'nayissue direction: to the Concessionaire for dealing w itll such situations and theConcessionaire shall abide by such directions
.
l 8.9.2 The Concessionaire shall re-commission tlle Project l-lighway or the (tffected parttllereof as qtlickly as practicable after the circtlmstances leading to i ts tlc-com missiollillg and clostll'e Itave ceased lo exist
.
*
1 8 . l 0 The Concessionaire sllal l llot close any lane (-'1* the Project Highway for
tlndertaking nlaintenance or repair works except w itl) the prior w l'itten approval ofthe N IIA I whicl) Inay tleiegate îts authority to tkle Indcpendent Consultant. Stlcllapplrval shêkl l be sought by tlle Concessionail'e thl'otlgl) a wri tten
l'eqtlest to l)eIllatle at least 7 ( seven) days befol'e llle pl'tnllosetl c losu t'e () f lalle antl sllrl l 1 I7e
4 - 1 :t , '1 I n g ( 8 t N?'f'
ce l'tl ( ! o .?$...1 t j .z a j l a 1.17 a,t.! a j. sec I 1 (.,h n o (' 1$,.T 1.I 5 f.)( (.) ! ) (.) t'.j7,. p ):, q, j' s ,'..#L .-T8 *'? a #' 'sJ.x). 1 , .*. (:7.Y rs w # ep .. .. 4 .-().
.,.
. . o (Ds
, aj e xjxs. j.o wJ ; .'i -î1# < OA . x tg ' . ze yhx'z $ . ', ,,'; . l ' t Q . , ..x.X<eJ' ,zr z ! gy . . . ..', .?-/ ) sxfl' uA.''& . 'R s, .x '
. . - / 1 ,. j k
'
$ i. .- '
@
accolnilpaflied by pal't ictllal-s i lltlicat i n g t l1e llitl tl l'tz :111(.1 e xt te 11 ( t)t' l'e I7tl i I lx'k bt'k s
- t I1elengtll akld section t-eqtti red to be t: losttd :As.ktl ( ITt
.! j7e I ît ytl (-,1- c ItAsthlve. '1 'lleCroncession ai re sllal 1 t'l l so ftl 1'!1 is h pal't lc tl 1 aI's i 11J 1 ca t i l'Ig tlle 1'ï'1 1 1) i I k 1 t., l I l t 1 l )1ereqt 1 i red for ctllnp let i ng s t,c 11 I't.-lla i 1' 5.v( )rk !.'( . ïN'' 1 f 1-1 i !1 5 ( fi vc ) days t) (' rttce 1 v j Ilg >; l I(t- 1 1request, hêl-l/t l c.)!- tlle Independen t C'-onstl Itrtl'lt
, :ts l l)e case l llay t'le, sll:l I 1 gl'a n tpernlissioll Nvitll stlch Inotli fications as i t l'tlay deelll flecessary
. l--ljlon rece ! v il3gsuch pernlission, tlle tconcessionaire shal l be elltitled to close the lane i 11X- ccordance Nvith slleh pern) i ssion and l'e -opc n i t u'i t11 i n the period s t i pu I atet'l i nsuch pernlission. For any delay i n re-opening such lane dtll-ing the first Opet-ationsYear, the Concessionnil-e sllall pay l3afnages to N H A I calctllatetl at the l-ate ofRs. l 0, (.Rs. 'I-en thotlsand), pcr day or pal4 f hel'etlf t'(.'lr every stretch of l t)0(one hundred) lueters or part thereof iI4 each lane unti ! such ti me the stretch hasbeen re-opened for traflic. These damages of Rs. 1 0, (Rtlpees (en thousand)sllall be applicable in (he first Operations year rtnd shall be revised Iny W'PI ineaclz subsequent Operations year. Provided, however, tllat these provisions shallnot apply to Em ergency (lecolom issioning tlntler Claustt 1 8
.9.
Save and except as otherwise expressly provided in this Agreement- if tlle Pnljectllighway including Construction W ol'ks or any part thereof shall suffer ally loss
or damage during the Concession Period, from any cause whatsoever, theC
oncessionairc shall, at its cost and expense rectify and remedy stlcll loss o1'da
mage forthwith in a manner so as to make the Project Higllway conforla) inevery reslAect to the Specifications and Standards
, quality and performance a,sprescribed by this Agreement.
ln the cvent the Concessionaire does not Inaintain antl/' or repail- the Iyf'l'hl'ec/l-f i g hw ay or a p ar1 t hereof 'tlpto ancl i n ;tt
. cal k'lalkce v. 1 (1 i tlle S Ilec i f icat It')I)s a l1dStandards
xand/or in accordance witl) the M aintenance Progralume or tlleM aintenallce Manual. and sball have failed to com nlence rem edial works withijl30 (rhirty) days of receipl of notiee
Consultant. or tlle O&Mvvi tbollt prejudice fothereof, be entitled to undertake tlle
Inspection Rcport. as the case
i n t llis bella I f fl-t.3lll N l4:A I or tlle lndependent
Izlay be, N HA I sllal l .i (s rights under tllis Agreenaent
v illcltlt-ling Terna i nationre p a i 1- alld ju a i î 1 ( en a l'lce oftl'te Pl'ojecl
Highway at tlle risk and cost oft he C-() nces s ion a i re . Inmaintenance by NI-IA l a sun)
adtlilion (o recovery of tlle aflnresaidt l lc Co n c e s s 1 o n a 1 reand lo recover thesarne 171'011 1
cost of repai r andeqllal to 25*) (twen ty f'i ve per cen t) of sgch cost
sllal 1 also l)e recovered by Nl4 A I fl.4.'ln'1 tlle Concession ail'e as Dal'llages
. N I IA Isllal 1 have lhc I'igl tt al)(1 tlle Collcessiollêl i I'e helel')y ex pl'essl y glunts to N I l A I t heI'igllt to rectlxel' tlle sanle tl i l'ec! l y 1'1't)n1 the E*
.scl'llw Accoul) ( nnd f()I' tl )at ptll'poq;e
*
1 - I ; ' l .1 1 f 1 t!. ( h f ?S..''f (.t tt l t 1 ( l t ) lt''f l 4 z ; t l l 'ë l l I , l l ,!:' ; l l ' s t.- c l , f '' rl ( ' l 1k'.p 1 - f .5 F'''''J t 't j ) B ( ) ' l ' t 1 a t. 1 s <
.,A y (y
'
,,ySyq... d wxy + lokaqe s .?. , b :ov L - qy
(:;.p o * '%k &e Y'J ,Q (:) - f'z .
. ,+77 y. o o<t
'
: . ; . )
'
. qv ,..e, mxxz ../ ; / z v.z ,zx.. e r z yo* uzx / 7 Ak4. +e & (.j j jj kf'
r l1e C-foncess i olltti l'e l lt-l e tAy e x Ipl'ess 1 y a t I ( I lo l'ises N l l A 1 a nd hereb y gi ves
1 I'rc voc :, b le i !1 s t I'tlc t i ons to t l1e l-ïscrovv 1$ :1 11 k to n) a ke pay naellt frol'n t he E-' sc 1-() bvzAcctotl 1) ( i l 1 accord a nce b.v i t h t l1e i nst 1-t1k.- ( i ( 'ns t) f' h1 I-l A I tl nder l l1i s Crlatlse .
lf1 tlle evenl Nl IAI tloes not exercise its option fo tlndel'take tlte I'equirt'd l'el?:1iland lllaintellrtnce after expiry of the 3() (tllirty) days pefiod stiptllatetl in Clatlsel 8. l 2 it shall recover Damages fronl tlle Concessionaire for default in operating
and Illailltaining the Project llighwity iI) conformity with this Agreement. StlchDalnages shall be payable after the aforesaid period of 30 (tllirty) days and untilthe defatllt is cured. 'l'he anloullt of Darnttges shall be calculated for each day of
defatllt at (he lligller of the followillg. namely (:4) Rs. 10,000 (Rs. Ten thousand),and (b.) 0. l % (zero point one per cent) of the cost of such l'epair as estimated bythe Independent Consultant. Recovery of such Damages shall be without
prejtldice to the rights of NI IAl under this Agreenlent, incltlding Tel-minationthereof.
If the Concessionaire con-tmences any works for curing any defects or deficiellcies
in the Project Highway. it shall complete sllch works expeditiously in accordancewith Good lndustry Practice. lf such works are carried out in a nlanner fllat results
in a delay of more than 30 (thirty) days as compared to the time reqtlired illaccordance with Good lndustry Practice, NHAI shall recover Damages fronl theConcessionaire as if a default had occurred under Clause l 8. 13.
@
l 8. l 5 The Concessionaire shall not be considered in breach of its obligations under this
Agreemellt if any pa!4 of the Project Highway is no( available to traffic after tlle
COD on accotlnt of any of the following for the duration thereof:*an event of Force Majenre',A
Ineasures taken to ensure the safe use of the Project Highway except whellunsafe conditions on the road occurred bccause of failure of theConcessionaire to perform its obligations under this Agreementt 01'
compliance wilh a request fronl NI IAl or the directions of anyGovernmental Agency the effect of which is to close al1 or any part 01- tlle
Project Higllway,
4 - l J.t 41 I n t! (..)1 N1 ct-l' tl I t ( ) h,f u za t 1114'1
*
) êtt! aI' sttc t io 11 4'., l h.l I 1 $ 8 (')1) ll'.l ( )-!- l ltts 1 k.
STE:ww , wxû +xvâ % ck o % 'mQ Q
* ' . :j . v'.w (D -fu*
.'J L 2. tkî Oœ. , < x.e''.'
> P zxx. k, 4,/) w !.s*4, +*+ tj j wye
Natiollal Iliglt uzay.ç A ttthority t'z./- lndia Concessfon A gl-eel ,'de 1) t
Notw i thstanding tlle abovev the Concessionaire shatl lceep al l unaffected parts ofthe Project l'lighway open (tn tl'affic alld tlse provided they call bc safel y operatel'land kept open to tra ftic .
XIX M ONI-PORING AND SUPERVISION DtIRING OPERATION
*
The Concessionaire shall undertake periodic (at least once every calendar 114011th
but once evef'y week during Iuonsoons) inspection ()f the Project Highway lodetermine tlle condition of the Project Highway incltlding its compliance oI'otherwise with the M aintenance Manual, the M nintenance Programme,Sa citications and Standards and tlle maintenance required and shall stlbmit
reports of stlch inspection ('tM aintenance Reports'') to Nl'lAI and the lndependentConsultant.
The lndependent Consultant shall review the M aintenance Reports and inspect theProjeet Highway at least once a month during the Operations Perichd and make outan Inspection Repol't of such inspection (the %%O&M lnspection Report'')
. Tlaelndependent Consultant shall send a copy of ifs O&M lnspection Report to NH AIand the Concessionaire. The Concessionaire shall within 30 (thirty) days of thereceipt of the O&M lnspection Repofl remedy the defects and deficiencies, if any,set fortlz in such O& M lnspection Report and stlbmit its report in respect thereofto the lndependent Consnltant and NHAI within the said 30 (thirty) days period
.
W here (he remedying of such defects or deficiencies is likely to take more than 30(thirty) days in accordanee with Good lndustry Practice
. the Concessionaire sllallundertake the works in accordance with such practice and subm it progress l'eportsof such works every fortnight. The O&M Inspection Report may also require theCcmcessionaire to tlndel-take such tests as m ay be specisetl by (l)e lndependentCpnsultant for the pumose ol determining that the Project Highway is at :111 ti
nlewin conformity with the Specifications and Standards. The Concessionaire shall
undertake such Tests without any delay and furnish a copy of the results thereof tothe Independent Consultant and NHAI along with a writt
en statement specifyingin reasonable detail fbe measures, if any, lhat it proposes to undertake for curingthe defaults or desciellcies illdicated il1 sucll resulls
. Sucll inspection orsubmission of 0&54 Inspection Report by the Independent Consultant orsubmission of O&M Inspection Compliance Report by the Concessionnire shallnot relieve or absolve the Concessionaire of its obligations and liabilitieshereunder in any manner whafsoever
.
*
' Nf - ' f 4t, pltl/a'l-farnagar-kecf ion of NH 514 t)n Btl-r bttsis-1 -la4lilltl ol ccl tl
STE&. joage 5q)wwxy. x .+ fJeixç. r6 %&
o +J) 4.J -4J, N . x 4 '* (7 o= t
, v ?- qû r'-@ * jja ) y:e* .e.. . ,.P h't xt *: -s
,...,+ >J xzl'e *
h n .t hk
Natiolîal lliglt wftpâ' z't utlkorily t-z-/- lndia C- ont-essl ()41 Agreejllellt
NHAI may inspect (he Project Highway at any time lbr a review (71- thecompliance by the Concessionaire with its maintenance obligations tlntler lhisAgreement.
-l-lle Collcessionaire shall furnish to Nl4A I wi thin 7 (seven) days of eolllpleffoll ofeach calendar month during the Operations Period, a statement of Fees in the fornlset forth in Schedtlle :M ' (the ''Monthly Fee Statement'').
XX. INDEPENDENT CONSULTANT
20. 1 NHAI sllall appoint a constllting engineering firm or body corpol'ate out of tlle 3
(three) names proposed by the Concessionaire from the panel of 5 (five)consultants selected by NHAI in accordance with the selection process set forth inSchedule 'N', to be the lndependent Consultant to undertake and perform theduties, work. services and activities set forth in Schedule 'O'
.
The appointment of the lndependent Consultant pursuant (0 Clause 20. 1 shall
initially be for a period of four years frofn the date of its appointment. Tlle date of
such appointment shall be no later than 120 (one hundred twenty) days from thcdate of tbis Agreement. After the expiry of the aforcsaid appointment
. NHAIshall appoint for a term of 3 (thrce) years as Independent Consultant stlt
-,t personas it m ay deem appropriate from the list drawn in accordance with Schedllle 'N '
as amended from time to time by muttlal consent of NHAI and the Concessionaireand who may or may not be the same person
, who was lndependent Consulfantduring the initial term. NHAI may in i(s discretion thereafter renew suchappointment or appoint another person oltt of tlle list determined pursuant toSchedule tN'y as NHAI may deem appropriate to be (he Independent Consultantfor a term of three years pt a time.#
@
*
20.3 The lndependent Consultant shall report to NHAI about its work, services, and
activities pursuant hereto through regtllar periodic relyol'ts (at least once everymonth) as the sittlation mûy warrant. Such report of Independent Consultanf shallinclude but not be limitcd to the mttltel's and things set forth in Schedule 'O' .
'Tlle remunel'ation, cost and expenses of the Independent Consultant shall be pnidby NHAI. One-half of such remunerntion
, cost and expenses shall be reimbursedby the Concessionaire fo NHAI wifhin 1 5 (fiffcen) days ()f receiving a statementof expenditure from NI-lAI.
4 - l a n i I1p o l M eel tIt lo Nfuz a l l a rn idgitr stpc! i on t,, N 1.1 58 on 1) ( )-r Aas i s - --- --1% +
.y, . .+ (;. paqe f,()xt,fkx$ 4o + ''QN ck ?z (:: 'H
J' *< N s. to O. a , j x ,v. ...- zxz--. , ; c z
./' , o /n x-kkt'-***
a' . *-* *' Ij : tw% k
@
National ,lrp//nzflp.ç Auêhoritv oflhdia Concession Agreellient
N14Al rnay tenzzinate the appni ntment of the llltlepellklent t-.-oilstkltant at any tinle
subject to apl-eintlllent of its replacelnent by anotller Illdepeildellt Cstlftsultallt inaccordance with this Article X.X.
20.6 If the Concessionaire has reason to believe that the Independent Consllltanf is llotdischarging its duties in a fair. efficient atad diligent manner, it may make awritten representation to Nl1AI
a stating its reasons in detail, seeking term inationof the appointment of the Independent Constlltant
. Upon receipt of suchrepresentation. l11tA.l sball hold a tripartite meeting with the Concessionairc a14dIndem ndent Collsult-mt for amicable resolution of the dispute. lf the Jispllteremains tm resolved. it shall be resolved in accordance wifh the Disptlteltesolution Procedure. ln case the appointment of Independent Colasultant isterminnted under this Clause, it shall be replaced by another IndependentConsultant in accordance with this Article XX
.
If either party disputes any advice. instruction or award of the lndependent
Consultanq the dispute shall be resolved in aceordance witlz the DisputeResolution Procedure.
XXl. TRAFFIC SAM PLING
2 1 .1 For the purpose of determination anil/or verifkation of the actual traffic on theProject Highway, NHAI shall, in addition to inspection of Concessionaire'srecords. be entitled to undertake traffic sampling at such frequency and in sucl)manner as NI'lAI may deem appropriate including in the manner as set forth inSchedule <P* hereto. n e Concessionaire shall provide al1 facilities an? assistanceas NHAI may reluonably require for undertaking such traffic sampling.*If the data collected 9om traflic sampling undedake
n pursuant to C Iause 2 1 .1demonstrates that acmal traffic is more thrm the traffic according to the records ofthe Concessionaire, the aemal traffic for the pumoses of this Agreement shall hedeemed to be the traffic as detennined by such NHAI traffi' c sampling pursuant tothis Article X XI.
'Fhe Conccssionaire may, in consultation with NI'IA I. commission an independent
agency to conduct traflic sampling under this Article. 'IXe report of such agency
shall be fumished to NHAI for such tlse as it may deem fit.
- i N1f 5 B -r b s,s - - --- - - '-zf-lanlng o Meenat to Mtlzmffarrtagar sect on o (8î3 . a
v e- xE, ' tR,k page 61.+ &
* *4 #' O+b o$>* ''xc ch -1:. ok s.
oï rxz ? v v' ''x'z ; : r *? .? xxd tb. d # p s-,. . *,* *',N v'.ew Ilrî -
In t he eve nt t)f an y (.1 i s ptl te arl s 1 l'tg as t (-) l i)(> ttc t tl :., l t l':t ft'i c ()A1'1 t l 'ttt Pt'() j ect l-I i gI1 vv 2#ythe sanle slla l 1 be reqol ved i n accl ll'd a 1) ee tv i t h t lltl L7i s ptI te Resol t 1 t i t'Jl) Procetl tl l'eunder tllis Agrccrnellt.
*
*
4 - ICtfl i r3g t #/ kfttcl llt l o .Kzltlza l l-al llagar sec f Ion ot' NH 58 ('kn !.1 ()'F''Fl,Q-Uls - --- ----sT8&û, zp4
w-* ,z (r;.xl do #. -ué ok .i. (0 --4r . x 1 tsh o=
1 ) g' *7, ZX''-o ., , . / ) xu qvv.4.
*.d'e y,k., o z
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C I 1 A PT ls- It - VFI NA NC IN G A R RA N G EM ENTS
XX1l. l7l N A NC l A L C LOS ETbe Concessionaire shall provide to NI lAl, a copy of the H nancing Packageftlrnished by it to (he prospectivc Senior Lenders. As and when sllch FinancingPackage is approved by the Senior Lenders. with or without Ilhodifications, a copyof (he samc shall be ftlrnished by the Concessionaire to NI'IAI forthwith.
*
Notwitllstanding anytlding to the contrary contained in this Agl'eenaent, theConcessionaire covenants with NHAI that it shall achieve Financial Close within
180 (one hundred eighty) days from the date of this Agreement. lf theConcessionaire shall fail to achieve Financial Close within the said 180 (onehundred eighty) days period. the Concessionaire shall be entitled to a ful-therperiod of 180 (one hundred eighty) days subject to an advance weekly paymentby the Concessionaire to NllAl of a sum of Rs. 100,000 (Rupees one hundredthousand) per week or part thereof for any delay beyond the said first 1 80 (ollehundred eighty) day period, as Damages on account of such delay in achievingFinancial Close within the said l 80 (one hundred eighty) days period by theConcessionaire.
Notwithstanding anything io the contrary contained in this Agreement, Nl1A1sllall be entitled to terminate this Agreement fonhwith, without being liable in anymanner whatsoever to the Concessionaire, by a colnmunication in writing to theConcessionaire pursuant to Clause 32.2. if the Concessionaire shall have failed topay in advance the Damages to N HAI under and in accordance w itll Clatlse 22.2
above.
Notwithstanfing anything to the contrgry contained in this Agreegnent, if tl'eFinancial Close shnll not occur within 360 (three hundred sixty) days as set fortllin Clause 22.2 above. a11 l'ights, privileges, clailns and entitlements, if any, of theConcessionaire under or arising otlt of this Agreement shall be deemed to havebeen waived by and to have ceased with the concurrence of the Concessionaire,and the Concessiol) Agreefnent shall be deemed t() llave been terminated by
mutual agreement of the Parties.
*
Ufzon Term ination of this Agreem ent under Clauses 22.3 and 22.4, N I'lAl sllall beentitled to encash the Perform ance Securily, as the casc m ay be, and apploprintethe prlxeeds theretlf as Damages.
zl-laïling of- Meerul lo Muzaffar ar section o Nl1 58 on B(.)T basis ke &+. ,z .+ ,0 Page 634* *6 + ..44: &
p a- o O4î ' - c .* D.,.,k : T s x'e N.!.tx ,. , . lp .) )..xt ..-.t. .
w *4. v'xew p eb
zVtz/8W??z?/ lligh pf'zz 1,.ç ,>1 l'thorit'y fpu/' ltltlio Ctlllcessjon Agreelllellt
X X 11 1. G R AN'1-
NHAI agrees to pl'ovide to tlle Concessiollaire cash suppol't by way of an olltrigllt
Grant (the ''GI'ant'') eqtlal t() the suna, as se( forth in the revised Bid of the' N NCC / HO-ROA DS / 04-05 / 759 dated 7th M arcl)Consortium as per its I
--ettel o
2005 and Jtccepted by NHAI as per ils LOA. aggregating Rs. 1 27.8023 Crorcs
(Rs. One hundred fwenty seven crores eighty lakhs and twenty three tllousandonly) during the Concession Period in accordance with the provisions of thisArticle XX11l.
NHAI sllall pay to the Concessionaire yearly Grant as proposed in the Bid of thet 1, .N4 .c j.jConsortium as l'ler its I
-etter No NCC / HO-ROADS / 04-05 / 759 dated 7 al
2005 and accepted by NHAI as per its LOA. as set fol'th below:
*
Colutruction Periotl Operations PeriodConcessio 1 2 3 4 5 6 7 8 9 l 0 Total
n YearYearly 5.64 26.47 24.37 12.68 12.6: 12.68 12.68 12.68 8.0223 0.f)0 l 27.8023Grant tobe paidby NlIA.1(Rs.Crores)
@
Subject to provisions of the Clause 23.4, the Grant shall be applied by theConcessionaire for meeting tlle capital cost of the P roject and expenditure duringOperations peripd and shall be treated as part of the shareholders' ftlnds (the''h uity Stlpport'').q
+ *
The Equity Stlpporl shall:
Not cxceed 25% (considered at NPV @ 10t4).' andduring constructio.n period irt no case be greater than totnl equity capitalactually subscribed and paid in cash by the shareholders for naeeting the
Total Project Cost as set forth in the Financing Pnckage.
Thc Grant quoted by the Col'lcessionaire during the Opel'ations Period and tlle
balance of the Grant during Constl-uction Peliod (if ally) available after dedtlcfingthel'e fl'om the anloullt of Equity Support shall be provided to the Concessionail'c
. . * - '' '- ''- '- '' 'W '-4 - lan 1 ng ol N1 t'el u t tt) &1 tl z a 4 l al Ilagikl sec t i on o 4 N l'I 58 (kl) f'I ( IT t'as i $ (.5%, & .
.+ '* j Page 64tl à :'-. 'ze (:8
N* .. * o os N.:7 - $.4 - - .,;' zzp/ .) s
.ujq . +j : 1 u.& lp,. # . ..
'x# .- vx .s%
z&a/ïo??z'J lliglt 'frzzy.v zl lttltority of llulia Collcessioll Agl'ee lllent
il) accol'dallce wi f 1) tllis Al'ticle XX 1 11 l-of' llleef illg f--lct :4 L'xpellstcs of t l)e Prtaject(the t'O&&1 StlpI')ol't?'). The period of tlisbtlpsel-nent of Grant shall not exceed 1 Oyears 1-rt.)lll the Appointed Date. .
Tlle whole or any part of the Grant shal l t)e (1 isbulsed by NI IA l to t è)e
Concessionaire if and only i f
the Concessionaire is not in M aterial Breach of this Agreement at tlle time of sucll
disbursement', and
* 23.6..2 the Concessionail'e has contributed and spent on tlle Project at least 80% (Ibightypercent) of the total Edquity (exclllding Equity Snpport) requil-ed to be provided :,s
pal't of the Total Project Cost.
The disbursement of the Equity Support pursuant to this Article XXl1l shall bem ade by N HAI to the Concessionaire proportionately along with the balance loanfunds to be disbursed by the Senior Lenders under the Financing Documents for
meeting the Total Project Cost. NHAI shall disburse each tranche of the EquitySupport as aforesaid by credit to the Escrow Account witllirk 15 (tifteen) days ofthe release of each loan installment by the Senior Lenders to the Concessionaireprovided the Concessionaire has submitted to NI-1A1 along witll eachdisbursement request a certificate from its Statutol'y Auditors certifying the above
particulars and has given at least 7 (seven) days to NHAI for processing sllch
request.
The O &M Suppol-t quoted by tlle Concessionaire for each year clllring theOperations rurriotl shall be disbursed bv NIIAI to tlze Concessionaire by credit to
the Ejcrow Account in quarterly installments alld the tirst such installnlent shall vbe released within 30 (thirty) days of the COD. Such installmentg shall be paid byNHAI until the Grant is fully disbursed to the Concessionaire.
If NI'IAl shall fail to disburse any tranche of the O&M Support within (he periodsset follh for the payment thereof to the Collcessionailt, NHAI sllall pay interest
on such delayed tranche @ SBI PLR plus (wo per cent.
*
XXIV. REVENUE SHORTFAI-L LOAN
lf the Realisable Fees in any Aecotlllting Yeal' (lul illg the Concession Periocl shall1':11 1 below the S ubsistence Re ventle Level as a l'esult of Jtn Ind il-ect Pol it ical
z'l - l an l njj t)f M ecl'llf to M u za l f af'nlttl ar scc t i on o I N 1 1 .58 on f:1 (.) 1- llûtqi s co ï. ?-- 'A N okz %+ . . a k ..j&* ê4kx*
ox + o4. *'J r-j' k '' (7 '<-. . .. l ..p sux
.) l m '/ J,k j a y'xt'zt . e a.#. *
.1' , *P e w. jy r 4 h t
Natioltal lfik/i 'f'/z px zt utlttîrity of Ji?tr/i'a lt'4tn1 lt-ftss itlll Af$l'e(3 l 1 le. 13t
Evellt , or a Pol it ical fT- vellt as sct fol-tll i 11 A l't ic le XXIX . N I'IA 1 agl'ees to pl'ov ide
to the Concessionaire such sllortfall stlpport, by wtty of a loan (%4fteventltz S hol-l fa 1 lf
1-()an'1) with interest thereon Qè SB I PLR per annuln. Provided, howevel', tllat anyreserves ()1- the Concessionaire and ally sums received or likely t(n be l'eceived l7y
the Concegsionnire through insurance claims (except insurance paynlents fol'physical Ioss used to carry out requisite l'epairs) or payments by NIIAI undel'zNrticle XXIX shall first be dedueted antl only the balance remaining shall bedi'sbursed as the Revenue Sllortfall lwtoan.
For tlle pul-poses of claim ing disbursements on accollnt of Revenue Shortfall lt'lan
purstlant to Clause 24. l above in any Accounting Year, tlle Concessionaire shall '.@Subm it a detailed accotlnt of the lndirect Political Event or the PoliticalEvent, as the case m ay be. and its impact on total revenues of tlleConcessionaire as soon as feasible and subm it weekly reports thereafter;
(b) Provide to NI.lAl, tlle Schedule of Debt Service Payments under theFinancing D ocuments for the Accounting year for w hich disbursemellts onaccount of Revenue Shortfall Loan are claimed;
(c) Provide to NHAI thc details of O&M Expense budget for such AccotlntingYet'tr and the expenditure incurred in that year out of such budget;
*
W ithin l 5 (fifteen) days of the close of each Accounting Year in wllicll theshortfall referred to in Clause 24. l shall occur, provide a certiticate fromthe Statutory Auditors of the Concessionaire certifying the SubsistenceRevenue Level, the Realisable Fees and the Revenue Shortfall Loan
requirement after deducting reserves of the Concessionaire. if any; alld
Submit a written request to Nl'IA1 tlnder lhe llands of a Director of tlleConcessionaire requesting for disbursement of the Reventlc S hort fa I 1 Loat)to the Concessiollaire by paym ent thereof into the Escrow Account.
Upon the receipt of the request and doctllllents as se( fortll in Clause 24.2 nboveand provided the same are not found by NI-IAI to be wrong or incorrccl
, N HA Ishall disburse the Revenue Shortfall I-toan within 30 days (thirty) thereof.
In the cvent Real isable Fees dtll'i ng tl'le fi I'st six nlontl'ls of nn Accotlnt i ng Yeal-shal l fa1 I as 2 restllt of- an 1nd i rcct Pol i t ical E vent ol' a Poli t ical Event alld tlle
4 I ( hdeertlt to N1 uyal larnagkll' sectif 1l' thl' N I-l --$: f )n 1-.3(-.):11--1 Z -- '--'-' -'' ---' - -- -- an l I1g (, . nasl s <-b &/4' .o pago tyyNlbwA .v .#W * ..44* ,4* o + ou? 1' r.-N
. .a: o rwe ! J Npz . ; q N.v..-.. ..
..p zzp, a su+Q > .''A
Y' *Y'*+* ?) : i *el
#
a lnotl 11 t o 1- s uc h Ite a l i s :1 b l e l'Re es i s It-ss l l ' :1 l 1 t l 1t.- L3e b t .S t- 1' v i (:(.x 14:1 y l 11e 11 ( s ( 1 t le ft J 1, t l 1 t'tli rs t s i x rflon t l)s of s tlcll At.rctltl 11 ti ng Yeal', N I l A f s l'ta l l u IAtln I't-('l t lest I7l't-'?v iiltt :1 1-1ad vance tt) t he t.'-.oln(.-.ess i onai fr for Illeet l I1g f I1e s llol't f-a l l i n stlû-h I3e bt S el-v icePaynlen ts . l7or clai n1i I)g suc h advance
, tlle (t-oncess iolla ire s l1ê1 I 1 111:) ke :1 de lll:t I lt-lto NHAI acconlpallied by a certi ficale fr0rl) the S tat utol-y A t ltî i tcll's setf 1 11 g f-t'll-t 1)tl'e Realisable lcecs dtlring tlle first six fnonths (Af tlle Accotlnting Yettr
, tllereserves of the Ctpncessionai re and the otttstandi ng alnotlnl 014 ackrotlllt of I3et7tService PaynRellts due in (he first six nzonths of sucll year
. The StattltoryAllditors shall also cel4i fy tlle al-nount of atlvance required by t he Concessioilai I'efroln Nl-lAl for meeting such Debt Service Paynlents after deduçting stlclllkealisabie Fees and tlle reserves of rlle Conccssionaire
. Nvithin 1 5 (l-i fteen) tlttysof receiving such tlenland, NHA I shall disburse tlle advance due to tlleConcessionaire at an interest rate eqtlal fo SBl PLR
. Not later thnn 1 5 (fifteen)days after com pletion of sllch Accounting A'ear
, the Concessionaire shall eitlherrefund such advance witll interest to NI-I'AI or adjust it against such Revenue :Shortfall Loan as Inay be due to the Concessionaire under this Article.
The Revenue Shortfall Loan disbursed by Nl IA1 purstlant hereto and tlle interesttllereon shall be repaid by tlle Concessionaire in a sum eqtl
al to 50% (lifty percent) of the Net Cash tlow of the Concessionaire as and when made and suchrepaym ents shall be m ade in one or lnore years as necessary
.
*
Notwithstanding anything to the contrary contained in Clause 24.5, (heConcessionaire shall repay the entire Revenue Shortfall Loan and i nterest tllereonat least two years before the expiry of the Concession Period
. If any sttm renlainsdue or outstanding from the Concegsionaire under tllis Article XXIV at any tinàeduring a period of two years precetling the Termination Date, it shall constitute aCilncessionail-e évept of Default under Article XXXII and Nf lA l shall lw entitledto Term inate this Agrecment under Clause 3 2
.2.
XXV. ESCROW ACCOUNT
'I-he Concessionaire sllall within 6 () dayf:k tkolll tlle tlate of tl-lis Agreeluent opena l1d es t ab l i s h f he E sc row Accou n t w i l 1) a 8 an k ( t 1) e & -1-
.T- sc row B Jtn k'' ) a n(1 al l f u n d sconstittkt illg the I-7i nallci ng Package fol' Illeeting the T
otal Project Cost shall becredi led to stlcl) Escrosv Accot) nt
. lluri ng O perations P eriod al l l7ees collccted lJy(l)e Croncessio
naire fronl tlle tlsers of t he lArojecl IE Iigh way shal l be exclllsi velydepositcp tllel'ei f1. lI1 atldi t iol-l, al 1 l--kes col lecles'l by Nl'l A l in exerc ise o f its ri gllt F;tlndel' this Agl'tlernens dtlring tile f loncess ioll l->el'it-ltl Ctncl nl 1 (1 isburseluellts ol'
d - I 7. n I 1) g t'., f N.1(r e l tj t ( t ) s.''l u z ;, l-i-7( l I 1 :1 !,! ; ' ) sc' ' t l o n t''
f
f N ! ! pr-'''''-'h.l ( ) ç) 1-..9 (' 1,T- bp q-! s' x6Rca &k' 'owwz .4
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Ilayl'nen ts 1.7 y ?.k l I ,/t. I pursu ;11) t Ilel'ett.' s 14:.1 J I a l st'à. st1 13 jt-cf lt7 t l te 1'i gl) t s t.'lf fjetl t1c t itol 1 sand appropriat ions theref 1-()14-1 t)f N l l A1 t 114 tIe r t 1 1 i s Agtee l l'lellt . l7e depos i ted 17(j./N I l A l i n t 1) e 'E s c ro w A c c o L1 n t .
Disbtlrselnents frolll E-scrow Accounî
Tlle Concessionaire slaall give, at the tilnc of (he opening of tlle Escrow Aceount,irrevocable instm ctions by way of an liscrow Agreenlent substantial Iy in forna set
fol4lR in Schedule - Q ' (the t'rlscrow AgreenAent'') to the Escrow llank i Ilstlmcti ng,inter alin. that the deposits into the Escrow Accotlnt shall sulject to Clallse 25.2.3,be appropriated in the followîng ordcr every month and if not due in :4 n40lltl: thenappropriated proportionately in suell nlonth and retained in the Escrow Accountand paid out therefrom in the month when due unless otherwise expresslyprovided in the instruction letter:
A ll taxes due and payable by the Concessionnire',
@
A l1 expenses in connection with and relevant to the Construction of
Project Highway by way of payment to the EPC Contractor and such otherpersons as may be specilied in the Financing Documents;
O &M Expenses inclutling Fees collection expenses incurred by fheConcessionaire direetly or through O&M Contractor and/or Tolling
Contractor, if any, stlbject to the items and ceiling in respect thereof as setforth in the Financing Docllments but not exceeding 1/12 (one twelth) ofthe annual liability on this accoullr',
* (d) The wllole or part of the cxpenses on repûir wol'k or O&M Expcnsesincltldifig Fees collection expenses incurred by NHA I t)n accollnt ol+ *
exercise ot' any of i(s rights under this Agreenaent provided NI-1A1 certifiesto the Escrow Ballk that NHAI had incurred such expenses in accortlancewith thc provisions of tllis Agreellteltts'
(e) A11 Colzcession Fe.es and arly Negati ve Grant (ltle to NHA l f'rlnnn theConcessionaire under this Agreen-tent'.
M onthly proportionate provision of Debt Service Payments due in aI1Accotlnting Year pnd payment of Debt Sel'vice Payments in the lnontllwhen d t1e ,'
4 - l ilfl l 11J..! t'')l h'leel'tlt ff''l Nzfu z'vl 1 f Ctrfl:lgtlr scct 14 )I) (3t h.l l .1 'N'..n sf ( ,,) j....4 ( )'j ' -(.;--=- -- '-' -' - ''--- '- ---a!.;l s :,.:.:.:)1, &
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25 . 2.2 The Cklncessionaire sllall Ilot 1 1) any rnanner lllodi f'y ( hc ordel' t--jf' pftynlentspeci tied in this clatlstt 25.2. l except vvi t 11 tlle p riol' vvl'i t ten approval of NI-IA I
.
#
ln the event the Grûnt, if any. to rlle Concessionaire sllall exceed loWz of tlle Tolal
Project Cclst, al1 disburselllents on account of Total Project Cost other tlèan tllclseto the lè)- PC C-ontractol' in accordance with the E P(
-
-
' Agreement, shall be I'nade inaccordance with the express prflviqions cotztained in that hehalf in the FinancingDocunzents. Provided, however, that if the total of such disbllrsements exceed10% of the Total Pi-oject Cost, prior written co'nsent of NI1Al shall be I'equired inrespect of the disbtlrsement arrnngements for such excess amotlnts
, and suchconsent shall not be unrcaslpnably withheld by N I'lAI
.
Notwithstanding anytlaing to (he contrary contained in the E'scrow A greement andsubject to the provisions contained in Clauses 33.5 and Article XXXIV , uponTermination of this Agreement
, aIl am ounts standing to the credit of the llscrowAccount shall be applrpriated and dealt with in the following ordet':
all 'raxes due and payable by thc Concessionaire',
* (b) a11 Concession Fees (incltlding Negative Grant) due and payable to NI4A Itlnder this Agreennent '.
*
alI accntcd Debt Service Paynnents;
any paylllents and Dalnages dtle and payable by the Concessionnire toNHAI pursuant to this Agreement
, including Term ination clainls Jtndrepayment of Rcvenue Shortfnll l-oans',
;'tl I accrued f.)kVM Ex penses ;
any t'lthel' paylnents rttljtl i l'ed to l)e fnade undel- tl-lis Agreenèent .' alld
4 . lktr, 1 ntr f ) r Nltrrrtld l(h N.f tlzzk/l'a, flitya, sttctitnn f , I N 1. 1 .$ g (),) t) (---.)7-:1 '-). .'-'-'-'-- - ---- '- 4.T-'%..-F.l3. . -.-------. ..---' t , !.' 1 s ts - ,,!)-,+ &
. ...0 Iaaf)e f',93
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'l-he 1 nst l'tlcl 1 t-llls cfill'k l n i l'Iekl 1 1) l t le fc'' sc 1'( J .,v z'N g l're I nt! 11 t slla 1 I j-e I1)a 1 n i 1) f tt l 1 ftèl'ce al'lde l-fec f t I 11 t 1 l t l1e t.'t) l i gar I l7n s set 1.k.)1-! 1.. 1 il (? tau '.;e 2 5 . 3 havtt beell tl 1 sc 1-1 argetl .
XX V 1- S-l-A'l-I'i) SUPPOR-IA A ta. R Eli!54IiJN'r
The Ctlncessionail'e ack llowletlges thz'tf for tlle perfornRance of its (nbligatifnlls
untler this Agreement, it l-equires supptal-t and certain services fl-om GOUl3. -l-he
nature and scope of stlch suppol't and services required by the Concessionairef
royl'l Gç')t JP are ftllly described in tlle tll'aff Sfafe Suppol't Agreel-nent set forth atSchedtlle tR' .
#The Concessionaire acknowledges its obligation to enter into the State StlpportAgreement and accolxlingly tlle Concessionaire agrees and underlakes to enterinto at its cost and expense the State Support Agreement with NHAI and GOUPsubstantially in form and content as set forth in Schedule 'R'.
XXVII. INSURANCE
Insurance dtlring the Construction Period: '1-lle Concessionaire shnll effect andm aintain, or cause to be effected and m ailltained
, at no cost to NHAI during theConstruction Period such insurances upto sucil maximllm sums as may berequired tlnder and in accordnnce w ith the Financing Documents, ApplicableI-aws and such insurance as the Concessionaire may reasonably considernecessary or desirable in accordance with Good lndustl'y Practice. TheConcessionaire shall also effect and lzlaintain such insurance as m ay be necessal'yfor m itjgating thc risks tllat may devolve on NHAI as a consequence of any act of
îqsio' n by f I'UJ Ccxncessiona ire dtlring tlle Constt-uctiofl Perlcu.
Ome e
lnsurance during the Operations Period: Not later than zl Inonths prior to lbe
anticipatetl Conlpletion ot' thc Project l'Iighway. the Concessionaire shall obtain
and nlaintain ar no cost fo NHAI during thc Operations Period in respect of theProject Highway and its operat/ons such insulunce as lllay ë.az required tlndel' anyof the Finaneiflg Doctlments
, Appljcable Laws and such instlrallce as theConcessionaire rnay reasonably consider necessnry or desirablc in accordancew ith Good lndtlstl'y Practice
. Provided, however, tlle level of insurance to bemaintained aftel' sntisfaction of Senior I
-ellders ' dues il) ftlll. shall be detcs'minedon thc sClnle pl'inciplcs as Jtllplicable for tletel'lllining tlte level ()f lnstll'ance prior
**
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o-+ -o Page 70hwm +kxâ
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tàlatiotlal /'/f'.g/? ,#?tl p.s' ,4 'ttllLjtl'itb' of l/lfïïz'z C thllcess i otl
,zkgreett-ke: tt
Agreelnetlt .
For the sftke ot bl'e vi ty, tl-le aggl-egate of f he Inftx i n lttll'l stlflls i nstll'ed u lldel' tllei nstt l-ance f ake n ( 1t1 t by the U-roncess iona i re ptI rstla 1'1 ( to f 11 is Art ic le X X V l l a l't*herei n l'efe rred t() as t he te ln s u I-ance C)*tlver''
Evidence 01- Instlrance Cover: All insurance obtained by the Concessionaire inaccordance with this Article XXVII sht4ll be maintaincd with illstlrer or reinsurel's.and c)n terlzls consistent with Good lndustry Prnctictt
. W ithil) thirty days ot-obtaining any insurance cover, tlle Concessionaire sllall furnish to NI-IAI
, copiesof certificates of insurnnce, copies of tlae insurance policies signed by anauthorised represenfative of the instlrer and copies of al l p rcmia pay
luenï reeeiptsin respect of such insurance received from each insurance carrier, nnd sucllinsurance shall not be cancelled tnr changed nor the Concessionaire sllall fail torenew it until tlle expiration of at Ieast 45 (forty t'ive) days after written notice ofsuch cancellation, change of non-renewal has been received by NI-IA I.
Remedy on Failllre to Insure: If the Concessionaire shall fail to effect and keep inforce the insurance for which it is responsible pursuant hereto, Nl4Al sllall havethe option to keep in force any such insurance
, and pay stlch prcmia and recoverthe costs thereof from tlle Concessionaire
, or for the purposes of com putation ofpayments to the Concessionajre pursuant to Article XXIX treat (h
e insurallcecover i.e. the m axim um sum s which such insurance
w as providing for hûd it beenin force and effect as being deelned to have been received by the Concessionaire
.
*
* Svaiver of Subrogation .. A1l instlrance p olicies supplied by tlle Concessionaireshall include 7) wpiver of any right of stlb. rog ation of thc instllcls kllerettlldefinlt inter alia, NHAI, and itl assigns. subsidiaries, aftiliates, elnployees,
aga ,instlrers and undtrwriters and of any right of the insurers of any set-off orcounterclaim or any other deduction
. M/hethcr by attachment or otherwise, inrespect of :ny liability of any suclz person insurcd under any such policy.
Concessionaire W aiver: The Conccssionaire hereby further releases, assigns andwaives any and al1 rights t)f recovery against, inter dlia, the N14A1, and its
afl-iliates, subsidiaries, em ployees, successors, permittetl assigns, insurers andtlnderwriters. which the Concessionaire rnay otherwise llavc t)r aeqtlire in ol- fl'(.)Inor in z'tny way connecled with any loss covered by policies of insllra
ncemaintained or required to be maintai ned by the Con
cessionail'e ptlrstlan! to tllis
4 - lât rll f) g t1/' M et-lhtlt ((J M uzal Ctrnaga--r se--m---r---ct lorl (1f Nl.I Xg-'')-----'-- -------- '' -- .-.-- ,Iy f)()T llaqjs o. zy,Ah.v c
. foage .? jvlly' t .-o'x$ *4 #'+ G ..jp f c7
.G. ys oS x zx.g . . 1. <. m.. a v z pw
,. , s / ) xH
4, +es tleîws
Natitîltal /'/'ït!/l 'f/tzy.& zt tttltotity of Ittdia t-. rtplti--tassillll A gl'eelllellt
Ag reelllent ( othe 1- than th i l-d pat-t y l i ab i l ity i n st' rallce pol ic ies) ol' bec au se o ftleductible cl auses in or i nadequacy of lilni ts of aIly such pol icies of i nstll'ance.
Application of lllsurance Proceeds: The prcyceeds fl'on) alI insurallce clailus,
except life and illjury, shall be paid to the Concessionaire by credit to the llscrowAccotlllt (unless otherwise required by the Finallci ng Documents) and tlleConcessionaire shalls subject to its obligations tlnder the Itinaneing Doculnentg,and notwithstanding anytlting contained in Article XXV, apply such proceeds for
any necessary repair, reconstl-uction, reinstatement, replacenAenf, itnprovenlent.
delîvery or installation of the Project Highway. '
XXVIII. ACCOUNTS AND AUDIT
The Concessionaire shall maintain full aecounts of a1l Fees incltlding RealisableFees and other revenues dcrived/collected by it from and on account of tlse of the
Project Highway and of O&M Expenses and other costs paid out of the ProjectEscrow Account Jtnd shall provide to NH AI copies of the said accounts duly
audited and cenified by the Concessionaire's Statutory Altditors withill l 20 (onellundred twenty) days of the close of each Accounting Year to which they pertain,during the subsistence of this Agreement. Such audited accounts shall fol'm (hebasis of vtuious payments by either Party under this Agreement. TheConcessionaire shall also ftll-nish, within one week of its ptlblication, certitiedcopies of the audited accollnts and annual report published by the Company
under the Applicable Laws.
* 28.2 The Concessionaire shall appoint and have tluring the subsistence of thisAgreement as its Statutory Auditors ( (he 'tstatutory Auditors'') a firm ofChartered Accountants dtlly licensed to practice in lndia out of the mtltually
agreed list of 10 (ten) independent and reputable f'irms of Chartered Accountants1 ''List of Chadered Accountants''). The criteria for preparing (l1e Uistn lndia (theof Chartered Accountants are set forth in Schedule 1T' . Subject to a 30 daysnotice to NIIAI and the replacement Statutory Auditors bcing appointed from tlleI-ist of Chartered Accountants, the Concessionaire may terminate the appointme' nt
of any Statutory Auditor appointed in accordance with this Article. The fees andexpenses of the Statutory Auditors shall be borne by the Concessionaire.
On or before tlle fifteenth day of April each Year. tlle Concessionaire sllallprovide for the preceding Accounting Year a statement duly ntldited by its
Stntutory Aoditors giving stlmmariscd vellicle/user wise illformation on (i) tlletraffic count fol' each category of vehicles tlsing the Project Highway antl l i able
4-lani ng of Nlccl'tlt t() hluzaf f arnagitr scctit'n ol NH 58 t'n B()-1- baçis fz'zz.+ &-$h Page 7Q
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IYational f/ik/l u'ays p'l ltthority z#' lnditl t.-Wtnllt-essiknll Agl'ee I .4t2 l1t
for paylnent of Fces t herefbt-, :! l1d ( i i ) r'ees c llargcd and tlle anlotl !1t of l-'eesreceived, Real izable l7ees and otller reve nlles (leri ved flrn-l the Pl'oiect l l i gl-lwttynnd such other in fornnat ion as N l'lA1 Il-lay l-easonably requi re.
Notwithstanding :tnything to the contral-y contained in this Agreenaent, NH A1shall have the right but Ilot the obl igation to appoint at its cost antlther l'inn of
Chartered Accountants froln the List of Chartered Accountants (the i'AdditionalAuditor'') to audit and verify all those nlatters, expense, costs, realisations antlthings which tlle Stattltory Atlditors of tlle Concessionaire. are l-equil-ed to do,undertake or certify pursuant to this Agreenlent.
W here a Grant has been provided, N14Al shall have the light to appoint for theduration of the Constm ction Period as Concurrent Auditor a firln of Chal-teredAccountants from the List of Chal-tered Accountants (the i'Concurrent Auditor''lwho shall undertake concurrent audit of the Concessionaire dtlring theConstnlction Period. The charges and expenses of such Concurrellt Auditor sllallbe bom e by the NHAI. After such Constnlction Period, NHAI m ay at its option
have concun-ent audit done ût stlch time and for such period as NHAI m ay deemappropriate at its cost and expenses.
*
25.6 ln the event of thereir being any difference between the f'inding of the AdditionalAuditor or the Concurrent Auditor, as the case may be, and the certiticationprovided by the Statutory Auditors of the Concessionaire, such Auditors silallm eet to resolve such differences and if they are unable to resolve the sam e suchdisputed certitication shall be resolved by recourse to the Disptlte ResoltptionProcedure.
*
oT6- -1 - ' '--f Nl'--ce I't' l to s/f u z :. t'f'a rldklg .tr sec t ,7 fn of N I f -f'h4--f)--,, -1.,-i -)r=r -l.'-a s-l-q - - ' ' ' ' ' --' - - ''V'- - - ----4- :,,,,,'),r t) - (;.
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Cl IAP-I-ER - VI
FO 11 (-'lC 51AJ E U R E
XXIX.FO RCE M AJEURE
*
Force Majeure Eu vent: As tlsed in this Agrecluent, a Force Mftjetlre ièlvellt stdtl ! IInean occurrence iI1 lndia of any f)r al1 of Non Political Event, Indirect PtllilicalEvent and/or Political Event as dcfined in Clatlses 29.2, 29.3, and 2.9.4
respectively hercinafter which prevent the I7arty claiming Force Majeure ((hetiAffected Pal4y''l froln performing its obligations under this Agreement andwllich act or event is (i) beyond tllc reasonable control and not arisillg ot't of thefault of the Affected Party, (ii) the Affected Pal4y has been llnable to overcorllesuch act or event by the exercise qf due diligence and reasonable efforts, skill and
care, including through expenditure of reasonable sums of money and (iii) has aMaterial Adverse Effect on the Project.
Non Political Force M ajeure Events: For purposes of Clause 29. l Non-politicalEvents shall m ean one or more of the follow ing acts or events:
(i) acts of God or events beyond the reasonable control of the Affecfed Partywhich could not reasonably have been expected to occttr, exceptionallyadverse weather conditions. lightning, earthquake, cyclone, flood. volcanic
enaption or fire (to the extent originating from a source external to the Siteor beyond design specifications for the Construction W orks) or Iandslide'.
radioactive contnmination or ionizing radiation',*(iii) strikes oraboycotts (other tllan those involving the Concessioqaire,
Contractors or their respective employees/ rejll'esentatives or attributableto any act or omission of any of them) interrupting supplies all(1 sel'vices t()
the Project l-ligllway for a period exceeding a continuous period of 7(sevell) days in an Accounting Year, and not being an lndirect lndianPolitical Event set forth in Clatlse 29.3 hereof',
(iv) any failtlre or delay of a Contractol' but only to tlle extcnt crtuscd byanotller Non-political Event and which does not result in any offsetting
conlpensation being payable to tlle Collccssionail'e by or on bellalf of stlcl)Contl'actor'.
4 - I a 11 l 1) g o ( Nleertlt I 0 &1 u z tk f l a 1.11 apar .;e(- ( io n f hf N I 1 58 ( 1fl B (%' 1- ha.'j i s -1- W -'-- -'- --------'--. . ss y+ Ioage 7.)&
way: * -!3*<s$ e.j o ...jNk
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/
Ind irect Pol i t ica l Force sltk.jeut-e E ve n ts : For pu rposes t't f (7- I at) se 29
. l , Infl i rectPoli t ical Event sl tal 1 rnean one or lzlore o 1* t l)e fol l oTvi
ng ac ts or even (t; :*an act of war (wllether declared or undeclared)
. invasiolt. armecl contlict ol'act of foreign cnenly, blockade, enlbargo, riot, insurrection, terrorist ormilitary action, civil com lnotion or politica. Ily lnotivated sabotage whiclaprevents collecfion of Fees by fhe Concessionaire for a (leriod exceeding aconrinuous period of 7 (seven) days in an Accounting Y
ear-,
industr.y wide or state wide or Intlia wide strikes or industrinl action which
prevent collection of Fees by the Concessionaire for a period exceeding acontinuous periotl of 7 (seven) days in J1n Accounting Yea
r'. or
any ptlblic agitation w llich prevents collection of Fees by theConcessionaire for a period exceeding a confi
nuot's period of 7 (scven)days in a11 Aceounting Year
.
* Pol i t ica l Force N-laj eu re E vents : l7or pu rposes of C1 aklse 29 . 1 , Pol i t ical Event sha l lilleafl ( pf le oryllore of the 14'.)1 lovving acts ( lr events by t7r on accouqt GOI, NH Al .GOU P or any other Govcrn nlen ta l A gcnc y
:
Change in Law , only wtlen provisitlns of Al-ticle XXXVI cannot beappl ied ;
e mplrpriation or cotl-lpt, l sory acqtl isition by ilny Governnlenlai Agency ot-
a n y Project Assets o 1- ri ghts of t he ('-aoncess ion ai re ol- of tlle Cont ractors ; t'Ar
( i i i ) tl n I a w ft' 1 (--31- tl Ilt-ttlt hol'i sed or %%' i t hott t j t, fi stI ick i ola l'evocat i on o f , (n1. re f tlsa )t
o r'encvv ol' gl-allt w'i tllotlt v;! I id catlse C11) y consent (.71* Jtppl-oval req u i l-etl by
t l1e (--oncessiotlail'e c)r Ctny of' the (''-- (Jrltractf-'l's to perlbl'lll t Iltzil. l'especti ve
4 - 1 J.t 1) , ,) j! t') l h'1 t-stt r'! I t ((
'
). N1 u z:l i l :, r'rl itga r sttcl l ( ' f 1 t '/ I hl I 1 5 !'ç
'
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j1 ( lt 3 I i gat iol'ts u I'jdt- :' t 1)e Pro.j etlt zA. greel-llel) t s ( tnt @'le r l ilall zt c(-hI1 sc j'l ( tlle( 'tlttt i r1 i ng () f Nvtl ic 1) i s (.-- () lntl it ion làreceflen t ) 1.,814 l'v i (le(1 t hat sucl , de 1 :1 y
,nlodi fi cat ion . de ï1i a l . reftt sa I or 1'e vtlf-, at ion did Ilot l'estl l t frofn tl le(.-) o nce ssi on a i re ' s o r al) y (7() n t (-ac t or ' h-k i 1-: ab i l i ty f.-.lr fa i l u re to c onlp l y Nv i t han y col'lcl i t ion l-elat i ng t (
.A gra nt , n'ta i tltena ncc ('.)r renevval (J t' suc 11 ctollse nt s(Jl- pcl'lllits.
*
Effect of fCorce Majeul'e E vent lnefore Financial Close: Upon the occurrence ofany Force Nlajeure l'Fvent prior to Financial Closc as set fortll in Article XXII
. thefollowing sllall apply'. ''
(a) There shall be no Terminatioll except as pfovided in Clause 29.8,.
(b) The date for achieving Financial Close shall be extended by the periotl for
wltich such Force Majeure event shall subsist; and
The Parties shall bear their respective costs and no Party shall be required
to pay to the otller Party any costs arising out of sucll Force MajetlreEvent.
Effect of Force Majeure Event after Financial Close: Upon oceurrence of anyForce M
ajellre Event after Financial Closea the following shall apply:
There sl4all be no Term ination of this Agreement except fls provided inCl
anse 29.S',
*
(b) W here the Force Majeure Event occurs before COD, the dates set follh inthe Project Completion Schedule
, and the Concession Period shall beextended by the period for whicll sllcll Forcc Nlajeuïv Evellt sllalj stlbslsf'
,4.
W here a Force Majetlre Event occurs afler COD, the Concessionaire shnll
ctlntinue to make aII reasonable efforts to collect Fees. but if he is unableto collect Fees during the subsistence of
stlch Force Majeure Eventa tlleConcession Period shall be cxtended by tbe pcriod for which collection of-Fees remains suspended on account (hereof,' and
(d) Costs arisillg otlt of or concerning sllch Force Majeul'e Evcnf shall beb
orne in accordance with the plovisions of Clause 29.7.
J- .- l : ) l 3 l l ) g o l M e e r t l t ( o N .1 u z ; , l t a r r j a g a r s tt c t i ( ) n ( ' f N f 1 5 14 -----k-n) n f3 ( ..) j l ) a s i q; - -'-' T. S -6 xvN +
wwa . c. roage zoWx* 'c4% % (D
CS * . u) M1. ok'J & < lz v;e zx-J
. ' ; q zxz , /7 Avptx. 4 .,/*Q
.., k'à +B' z).kh$
A. 1 1 oca t i o n o (' c os t s d u l'i l 1 g s I-I b s i s t e f1 ee o f 1Qf-) l'ce. N1 :1j ctl l'e .' S u b.j ec ( to t he-)r() v is i ons o f c ) atlse 2.9 .6 . t! pon occu l'rel) ce f.)t- :1 I'Iorce Nla)' etlre E ven t afle 1-(
.
' f71 n anc i a l Cl ose , t 11 e cos t s a 1,1 s 1 n g otl t o f s l lc 11 e ve n t s h a I l bc t4 l loc ated a s fo l lo v1 s :
Svllen tlle fkbrce Majeure Event is a Non Political Svent, the Paj'ties shallbenr their respective costs ancl neitller Party shall be reqtliretl to pay fo f he
otller Pally any costs arising (-)tlt of' any stlch Fol-ce klajeure E vent-,
W here the Force Majeure Event is an lndirect Political Event, lhe costsattributable to such Force M ajeure Event and directly relating to theProject (the Q'Force Majellre Costs'') shall be borne by thc Concessionai reto the extent of the Instlrance Claim s
, and to the extent stlch ForceN'ffljeure Costs exce-ed the lnsurance Claims , one llalf of the same to theextent nctually incurred and duly certified by the Statutory Auditors of theConcessionaire shall be reim bursed by NIIA I to tlle Concessionaire in onelump sum or paid in three equal annual installments with interest @ SBlPLR plus two Percent; and
W here the F orce Majeure Event is a Political Event, the Force M ajetlreCosts to the extent actually incurred and certified by the StatutoryAtlditors of the Concessionaire shall be reimbursed by N1lA1 to theConcessionaire in one lump stlm or paid in threc equal anntlal instal! Inentswith interest @ SBl PLR plus two percent, provided that no ForceM ajeure Costs shall be payable by NHAI if the Concession Period isextended under Clause 29.6.
*
* For avoidallce of doubt, Force Majeul'e Costs shall not include ltAss of I7eeReventles or any debt repayment obligations but shall include interestèpayments on such debt. O&M Expenses and all other costs clirectly
attribtltable to tlle Force Majeure Event.
Tennination Notice'. lf a Force M ajetlre I)! vent subsists for a period of l 80 (onehundred eighty) tl-ays or morc within a continuous periotl of 365 (lhree hl1 ndrcdsixty five) days. either Paf'ty l-nay in its sole discretion terminate this Agreem entby giving 30 (thirty) days rlkrmination Notice il1 writing to the other Party withoutbeing liable in any manner whatsoever
, save as provided in Clause 29.9.
4 - 1 an I 1) g ol N1 (?c rtlt t ( h :/1 tl z;1 f I al'llaga r sccl If'j n (') l N 1-1 5 8 f )I1 1$ ( ) I blts t sSTS/Y
'fzN Iligkol v. # C.kxt' k -v '.c* - w (::hè .. T to w' '
. % w- o# x ; . .ee m .. . a i .7 zx. y, #, . yj jy-z. . o ,48'. ..' z N&. .sz
./ ...'*X*' * I / ; .x i' 'D.V
Terlu i nat ion Payllzet) r fol' l7orce Nlajeure 1-! vents : tlI7tlll 'I-ern-li nat ion of tl1 isA greenle n t p tl I-stlan t to Cl atlse 29. 8 , Ternai nation Paylllell t to t he f.-. oncess i ona i resllal 1 be lnade in accordanct.- vvitll tlle follou?i ng-.
lf the Termination is pn account of a Non Political Event. tlleConcessionaire shall be entitled to recei ve fron-t Nl4A1 by way of'l'el-rnination IAayment an amoullt eqtlal to tpof,7, of the Debt Dtle antl the
entire Subordinated Debt less due instlrance clainxs, if any. P I'ovided thatin the event solne insurance clninls are not admitted. then 90% of sucllclaim s shall qualify for being included in the conAputation
.of Debt Due.
lf the Termination is on account of an lndirect Political Event, theConcessionaire shall be entitled to receive fronl NIIAI by way ofTermination Payment an amount equal to:
*
the total Debt Due, less dtle insurance claimsy if any. Provided,however, that if a1I or any of the instlrance claims are not adm itted
and paid. then 80% (eighty per cent) of such unpaid claims shallualify for being included in the comptltation of Eiebt Due, plusQ
the outstanding Subordinated Debt, plus
*
(iii) I 10% (one hundred ten per cent) of the Equity (subscribed in cashand actually spent on the Project btlt excluding the amount ofEquity Stlpport referred to in Article XX1II) if such Terminationoccurs at itny time dtlring three years commencing from theAppointed Date and for each successive years thereafter, suchamount shalt be adjusted every year to fully retlect the changes ipW Pl dtlring such year, and the adjusted amount so nrrived at sllallbe reduced evel'y year by 7.5% (seven and half pel' cent) pel'anntln'l.
lf the Ternlination of tllis Agreenlent is 011 account of êt P(4l itical Iïvel'l ( , tlle
Concessionaire shall be entitled to receive from NI'IAl by way ofTerm ination Payrnent an am ount cqual to:
the total Debt Due, plus
4 I:hr,ing of' Ndeclvtpt tf, hxtli-:,ffal.napar qtlctiol) of' NH 58 ('f3 1')(')-f- bl'qls --- '----''. ovos1, zp eaqe 78
c! llkg + ..oo+
k<> '#' C7 -.fwo . .â to oCh $. ve zw. . % z 'x# ' z
.ed' ) = / y gy q.--.* *2% - #
<. *4.. . - %%?
111
*
l 50t,4 (one htlndred t'ifty pel' cellt). ()f the Equity (subsclibed inttash antl actual Iy spent on tlle project btlt excltlding tlle anlt'lunt ofEqtlity Stlppol't referred to in Article XX1Il) if such Terlninationoccurs at any linze during three yeal's com lllencing froln theAp pointed Date and for each successive year thereat'tel-, stlchanzount shall be adjtlsted every year to fttlly retlect the challges inW Pl during such year, and the adjttsted amotlnt so arrived at shallbe reduced every year by 1.5% (scven nnd half per cenf) per3nnulll.
29.10 Dispute Resolution: ln the event thnt the Parties are unable to agree in good faith
about the occurrence or existence of a Force Majeure Event, such dispute shall befinally settled in accordance with the Dispute Resolution Procedure
v providedhowever that tlze btlrden of proof as to the occurrence or existence of such Force
Majeure Event shall be upon the Party claiming relief antl/or excuse on account ofsuch Force Majeure Event.
29. 1 1 Liability for other losses. damages efc: Save and except as expressly provided inthis Article XXIX. neither Party hereto shall be liable in any manner whatsoeverto the other Party in respect of any loss
, dam age, cost, expense. claim s, dem andsand proceedings relating to or arising out of occurrence or existence of any Forc
e
M ajeure Event or exercise of any right pursuant to this Article XXLX.
29. 12 Duty to Report: The Affected Party sball discharge tlle following obligations inrelation to reporting the occurrence of a Force Majeure E'vtznt to the otlleï' l'at ty
.
+ >The Affected Party shnll not claim any relief for or in respect of a Force
Majeure Event tlnless it shall have notified the other Party in writing of theocctll'rence of the Porce Maieure Evel't as soon as reasonably practicable.alld in any event witllin 7 (seven) days after the Affected Party kncw
, orought reasonably to Ilave known, of its occurrenee and the probableMaterial Adverse Effect that the Force Majeure Event is likely to llavc ontltc pel'formance of its obligations under this Agreement
.
ji' .Any notice purstlant to thi,s C ause 29. l 2 shall i ncltlde ft1 l 1 pnrt ict, Ial s of ;
*
4 - I J,k 13 i 1'1 g ( ) (' N'1 eel' t1t t o N1 tl z a t't';kl'lla.t:.r:
'
.t , sccl i ( );1 ( .) !' ).1 I I 5 8 t))) f.s (.)'j' ba s i s C:,-x% +* x!
. %Y# o f3%%% *4 -do tu ok 's v' ewt - .i ee zx
.a v p. yy sqx. t) . Az . l v
@ #+ .Gz' *
National Iliglt sptzlnç zt ulhority of /ilzszl U-bllcession Agl-eenlell !
the nature alld ex fent of eacl't Ftlt-ce M ajettre Uu- vent wtticll is thesubject of nny clailn for rel ief undel' tllis Artîcle XXIX vvith evidencein stlppol't thcreof;
(ii) the estimated duration and the effect or probable effect w hich suchForce Majeure Event is having oI- will have on the Affected Pal4y 'sperformance of its obligations under tllis Agreement-
,
(iii) the measures which the Affected Pal'ty is taking or proposes to take,to alleviate the impact of such Force Majeure Event'
, and
(iv) any other inforlnation relevant to tlle Affected P ttrty's clainz.*(c) For so long as the Affected Party continues to claim to be affected by sucl)
Force Majeure Event, it shall provide the otller Party with regular (and notl
ess than weekly) writlen reports containing information as required bythis Clause 29. 12, and such other information as the other Pally fnayreasonably request the Affected Pany to provide
.
29. 13 Excuse from performance of obligntions: lf the Affected Party is rendered whollyor partially unable to perfol'm its obligations under thi
s Agreement because of aForce Majeure Event, it shall be excused from performance of stlch of its
,obligations to the extent it is unable to perform on account of such Forcc M ajeureEve
nt provided that:
*
(a) The suspension of performance shall be of rto greater scope and of nol
onger duration than is reasonably required by the Force M ajetlre E vent',
The Affected Pal'ty shall make a1l reasonnble efforts to mitigate or limitdalllage to t$e other Party arising out of or as a re
sult of the existvnce oroccurrence of such Force Majeure Event and to
. cure the same with duediligence, and
W hen the Affected Party is able to resume performance of its obligationsunder fhis Agreemcnt
, it shall give to tbe oiher Party written notice lo thateffect nnd shall promptly restlme performance of its obligations hereunder
.
4 -lltnlng o Nfcel.tlt to sluzaflttroauur scctiolh c)1. Ni f 58 (,1) k.:j( )-1' bptsis ./,jz ----vwly o<x4. '4 #. Page 80x o 'mt'g (:,;*
-. ..-f2 - c. tkï o.a . wy x.. J l v ,,x. .. , a z./ Av ttv
**zb . *F e w. j) r t h :
t? I1A P-I-ER - V I ISUSPIFINSIIIN A ND '1-I?It54l NACI-If)N
XXX. M ATERIAL BREACII AND SIJSPENSItJN
*
lf the Concessionaire shall be in M nterial Brcach ()f this Agreenlent, Nl'lAl sllall
be entitled in its sole discretion and witlzout prejlldice to its othel' rights andremedies under this Agreement including its right of Termination heretlllder, to (i)suspend all or any of thc rights of the Conccssionaire under this Agreementinclnding tlle Concessionaire's right (0 collect and appropriate all Fees and other
revenues from the Project Highway, nnd (ii) exercise (he rights of theConcessionaire under this Agreenlent itself ()r authorise any other person toexercise the same during such suspension. Such stlspension by Nl4Al shall be bya com munication in writing to the Concessionaire and shall be effective fortllwithupon the issue thereof to tlle Concessionaire. Any Fees or reventles collected byor on behalf of NHA I during such suspension shall be deposited in the EscrowAccount to the exclusion of the Concessionaire. Provided, however. that theperiod of such suspension under this Article XXX shall not exceed l20 (onehundred twenty) days.
Subject to clause 30. l , NI1Al shall have the right to utilise the proceeds t 'ecsand other revenues for m eeting the costs incurred by NHAI to rem edy and rectifythe cause of such suspension and for defraying the O&M Expenses duling sucllsuspension period. Provided, however, that if the Concessionaire is nlakingdiligent effons to rem edy and rectify such cause, then NHAI slaall nllow theConcessionaire reasonable time and opportunity for such remedy or rectification
.
Thc suspension of thc rights of thc Concessionûire 19), NllAI pursuajlt lt) Clatlue30.1 abovc shal#be revoked by NI-IAI fol-thwith tlpon thc Concessionaire having
remcdied the M aterial Breach during such suspelpsion period to the satisfaction ofNHAI unless in the naeantime this Agreement has lncen terminated by NI4Al inaccordance with Anicle XXXII.
*
30.4 At any time during the Period of stlspension undcr (his Article XXX. the
Concessionaire may in writing notify to N1lA1 that it does not intend to cure thebreach or default that had caused stlch suspension
. B/ithin 7 (seven) days ofrcceipt of such notice, NHAI shnll term inale this Agl'eefnent as if :1 M aterialBreach of this Agreement had occurred tan account of a Cflncessionaire Event of
4-Ia ni qg ()f' kfeertlt 1 () N.f uzaflitl.n:tgar sectit'n c)t N 11 5: (,n B (J'I ' b:lsis -.+ +#. (7. G'aqe 8 I
'!3
#* 4 o* * < px
+ L Wpg ts'N-.- .
. o 7 A%7 . e@ 2 ' x
I'5 *+ w+ .-
tgalioltal Iligh wfzJ': X rf//lflrff.Y Of l/lt/&l C'Olltzest;i Ol1 Agl kae l)1ttI1(
lèlefatl l t .
XXXI. COM PENSATION ICOR BREACII (')F AIIREEM ISNT
ln tlltl event of Concessionaire bejng in H aferial Breach of this Agrettl'nent andsuch Brench is corcd before 'l-ermination
, tlle Concessionaire shall pay to Nl'IAIas con4pensation, a11 direct atlditional costs suffered or inctlrretl by NI-I'AI arisingout of such M aterial Breach by the Concessionaire, in one lumpstlln within 30(thil-ty) days of receiving tlle denland or at the Concessio
naire's option in 3 (three)eqllal semi-annual installments with interegt @ SBl PI-R plus 2% (two per eent).
*ln the event of NI1Al being in M aterial Breach of tllis Agreelnent and snchBreach is cured before Tel-minittion
. NI1Al shall pay to the Concessionaire ascom pensation, a1l direct additional costs suffered or incun'ed by theConcessionaire arising out of such M aterial Breach by NI4AI, in one Ium p sumwithin 30 (thirty) days of receiving the demand or at Nl1AI'
S option in 3 (three)equal semi-annual installments with interest @ SBl PLR
plus 2% (two per cent).XXXII. TERM INATION
Termination for the Concessionaire Event of Default.
32. 1 . 1 Concessionaire Event of Default
*
The following events shall constitate an event of default by the Concessioùaire (a*çc
oncessionaire Event of Default'') unless such Concessionaire Event of Defaulthas occurred as a result of NHAI Event c;f Defa
tllt t)r a Fotce Majetll'e lïvent',#'
e'( 1 ) The Concessionaire fails to achieve Financial Close in accordance with the
provisions of Article XXII',
The Concessionairc failq to achieve any Prqject milestone other tllanS
cheduled Project Completion Date within the period set forth in Schedtllet1'1' and fails to cure such default withi
n a period of 1 80 (one hundred andcighty) days from the date of its occtlrrence
.
The Concessionaire is in M aterial Brench of this Agreenlent;
. .#'4-lani ng of M eerut to M uzal'fb rnagar sectjon ol' Nl I 5: t)n l)(-)T tpasis ,w+ + ----------# E:- eage sa,$ %b
.# z3 Yxv .* (:j.> G ..dk C. *- o
7 -*. . 1 V' d'hu: g. ''NVt l . /) Av ttv
,:: .? +f' x. +. 0xvNu hr. 13
- l -1 lt-- (.'
.)af.n 11c es l..'k i ( ', 1 ', ;
'
l i 1':- c ï. '', 1'1) l 1,1 i t s tlc t'C't t l l ! I 1,.k (': C'.') 1,) ()1 v i 1) g vv i t I ') .: t I 1 y (..) 1- t I 'le t e !' 1)4 salld cond i t i ons o f t 11 i s A gl-etzlllc n ( . sa ve tt l't(i e x.t--ept t hose de f7tt! l ts î nrespetnt of w 1) ic i'i C..tl re I'/eyiod ltkts beell e x press i y pl'(-)v i tle
. d i n t 11 i s' l fa i ) s to l't'- llled y t) r l'e- c7 t i fy t hc sanle w i t I 1 i n t l)c Ileri odAgI eelllent nnt
pro vi ded 1 11 :1 not ice i n t h i s l)e ha l f fi'tnn'l N l IA 1 vv 11 ich sha l I .'
(i) require the Concessiollail'c to reluedy the hreach or breaclles
referretl to in stlch notice within l tonel nlontl) (or such longer peritld asnlay be agreetl b y the N HA1 at its Ctbsol tlte discretionl-
, or
(ii ) pernli t the Concessionaire l'o ptlt forlvaal w i t hin 1 5 days of stlchnotice a reasonable program me for (he remedying of tlle. breach orbreaches, such programme to spccify in reasonable detail the manner inwhich such breach or brcaches is or are proposed to be remedied and thelatest date by which it is proposed that sucl) breach or all such breachessllall be remedied.
The Concessionaire creatcs any Encumbrance, charges or Iien in favour of
any person save and except as othelavise expressly permitted under Clause35- 2 ;
*
The shareholding of the Consortium M embers falls below the m inim umprescribed under Clause 1 l . 1 (xiii) and the Concessionaire does not suoInoto cure sucll default within 90 (ninety) days of its occurrence'
,
The transfer, pursuant to law of either (a) the rights t'tntl/or obligations oftlle Concessionaire under any of tlle P roject Agreelnents
, (nr (1)) alI orIpalerial p al't of the assets qr untleflaking of the Concçssioplaire exceptwhere sucl) transfer in the reetsonable opinion of NHAI does not affect theability of the Concessionairc to pcrform
, and the Concessionaire ilas tkletinancial and technical cap. ability to pertbrrn, its material obligations underthe Project Agreements,'
A resolution is passed by 1he shareholtlers of the Concessionaire for rhevoluntary winding t)p of the Concessionaire
,'
*
Tlle Concessionaire is adjudged bankrtlpt ol' illsolvent ol- i f a tl-ustee ol'
l-ecei vcr is appointed for the Collcessionail'e ol' for any of its propcrty 1 hat
4 - I ;.11) l ng ()( Nfeej t)( t() :4 uza f'j'al'llagar sect I(yn f .)4 N1.l r h4 on 1) ( j, j- j.jas ls - s.vN .Y/?
.?'y --C.%Y&
K y, %tl . oW.% .é v. z.;k , zx ... a.x?
o / t>@ 'zs 1 A S
@ '.w .<.Z , %,' I St. - . , y
'* esg
l)J,s Jt I'nitteri al beari ng oI) tlle l''l't'l.jt!ct ',
Any pelition for willding. up o(' the C tnncessiollail'e is adfrlittcd by a couy'tof ctlmpetent J'urisdiction or the Concessionail'c is ordered to be wotlnd u
pby a Cflurt except for the purpose of atllalgan,ation or reconsfrucfitnn
providcd that, ag part of stlch amalgamation or reconstnlction, tlle
property, assets and undertaking of the Concessionaire al'e transferred tothe amalgamated or reconstructed entity and that the amalgamated or
reconstructed entity has unconditionally asstlmed tlle obligations of the
Concessionaire tlnder this Agreement and (he Project Agrèements, andprovided that:*
the amalgamated or reconstructed entity hns the tecllnical
capability and om rating experience necessary for thepcrformance of its obligations llnder tllis Agreement and tlle
Project Agreements',
the amalgamated or reconstructed entity has the financialstanding to perform its obligations under this Agreement and the
Project Agreements and has a credit worthiness at least as goodas that of the Concessionaire as at the Financial Close; and
each of the Project Agreements remains in full force and effect',
* The Concessionaire is in Matcrial Breach of any of tlae ProjectAgreements',
An evcnt of default of the Concessionaire ttnder aI4y of the Financinz*. -
*v' ADocuments ha:; occun-ed or any of the Senior Lenders has recalled its loantlnder any of the Financing Documents;
Tlle Concessionaire abandons the operations of tlte Project Highway formore than l 5 (fifteen) consecutive days witbout the prior consenr ofNHAI. provided that the Concessionaif'e shall be deemed nt7t to haveabandoned such operation if such Ctbandonment was (i) as a rcsult of F
orccMajeure Event and is only for the period such Force Majeul'e iscolltintling, or (ii) is on accotlnt of a breach of i!s obligations by NHAI
.
d - l al1 l f't! fAl' sfttttrtlt t('.) N1 uza ('f'itf'rlitgklr sect itln t)l' Nl-l 58 on fl t ./-1' tèltsi s = - /?
.+ +M-/K 4o c.xk%% 6) +
..uV U* W *'JJ (2hLS 'x. . . '*' to -4=
. e. (3. t v'.z .,e-- .'xz. ,, J tj.-
..'x... . z? zw tt-* ..>
4, +ep. jje Su's
,4:1!
1-1 -llt- t---oncess ion a i l't- rep ud i a tes t h i s A gl'txerllefl t () r ot t1e ruz ise ev it-lences an1 nten t ion t'lot to be botlnd by 11) i s A gree nlent '
s
'I-he Concessionail-e sllffers Jtn exectltion b ei ng 1ev ied on any of i (s assets/eqtliplltent cntlsing Ct Nfaterial Ad vel'se Effect on the Project alld allows i îto be continued for a period of 1 5 (fi fteen) days',
-l'l1e Concessionaire has delayed any payment that has fallen due untlertllis Agreement if such tlelay exeeeds 90 (ninety) days; or
'rlpe Concessionaire is iI1 breach of its obligation to repity (l1e Revenue
Shortfall Loans in aceordance this Agreemenf.
*
*
32. l .2 Save and except as otherwise provided in Clause 32.2, and withotlt prejudice to
any otlaer right or remedy which NHAI naay have in respect thereof tlnder (hisAgreement, upon the occurrence of any breach or default by the Concessionaireunder this Agreement including any Concessionairebe entitled to tcrm inate this
''Termination Notice'') to the ConccssionaireAgreement by a communication in
Eventof Default, NHAI shall
writing (theif theprovided for the. same in this
Concessionaire has failed tocure such breachA greement provided that
or default within the periodbefore issuing theTernzination Notice
, A 1 sjtallby anotice in writing inform the Concessionaire of itsTerm ination Noticethe Concessionaire to
(the 'Treliminary Notice'') and grant 15intention to issue the
(tifteen) days time tomûke its representation, if any, against such intended
Termination Notice and shall after the expiry of said 1 5 (tifteen) day period
whether or not it is in receipt of such representation, in its sole discretion issue the
Tcrmination Notice.
g- *
@.32. 1 .3 Subject to Clause 32.2, the following shall apply in respect of cvlre of any of tlledefattlts and/or breaches of this Agreement
.
Tlae Cure Period sllall commence, from the date on which a nofice inwriting is delivered by Nl1Al to the Concessionaire asking the lattcr tocure the breach or default specified in stlch notice
.
The Ctlre Period provided in this Agreelnent shall not relieve theConcessionaire from liability for Damages caused by its bl'eacll or defalplt;
4 - l al', i j) ,g ( ) f' N4twt..l. tt t (4 ) N1 u zra ('f kl l nltgar sec ( lo 1) o N I.1 jé t)n 1.$ ( J'1 ' lyas j s ,..qNww . . (1.<x$ tp .mx d
k 4 E211. tu MJ .. u. o.c <l . N 9s A' /N<z l ; ''Xz. . g. p pA. e
+ 3.*W# +** $l1.,tb .
National lliglt u'a.v.ç A utltority t.#- Illdia Concessi ol) AgI ee Sllellt
-l-he C-tl fe Period sha l 1 not i n any w' ay be ex teatled by a 1) y peri t'7(1 () 1-s 11 s pe n s i o n u t 1 d c l ' t 11 i s A g re e me n t .'
If the cure of any bretacl) by the Cotlcessionaire reqtlires arly j'eétstnrlrlbltzaction by Concessionaire tllat mtlst be approved by NHAI or the
lndependent Consultant hereunder the applicable Cure Period tand nnylinbility of the Concessionaire for damages incurred) shall be extended bytlle period taken by NHAI or (he lndependent Consultant to accord theirrequired approval.
*
*
Notwitllstanding anything to the contrary contnined in this Agreement, in tlle
cvcnt of the Concessionaire being in defnult under any of lhe provisions hereofexpressly providing for Termination under or in accordance with this Clatlse 32.2,NI4Al shall be entitled to terminate this Agreement forthwith by issuing aTermination Notice to the Concessionaire and upon issue of stlch TelnninationNotice by NHAI this Agreement shall stand tenninated forthwith
. Provided.however, that plior to such Termination
, NHAI shall by notice grant to theConcessionaire a Cure Period of one month for curing the relevant breach ordefault of the provisions of this Agreement
.
Upon Termination by N11A1 on account of occurrence of Concessionaire Event ofDefault duting the Operations Period
, the NHAI shall pay to the Concessionaireby way of Termination Payment an amotlnt eqtlnl to 90% (ninety pe
r cent) of theDebt Due less insurance claims. if any. provided. however, that if all or any of
the insurance claims are not admitted and pnid, tllen 80% (eighty per cent) of stlcll
llnpaid claims shall qualify for being included in the computation of Debl Dtle.
32.4 Termination for NIlA1 Event of Default.1. *.
*.
The Concessionaire may after giving 90 (ninety) days notice in writing to NHAItelmainate this Agreement upon the occtlrrence and contin
uation of any of tllefollowing events (each a <'NHAI Event of Default'')
, onless any stlch NI-IAI Eventof Default has oceul-red as a restllt of Concessionaire Event of Defaglt ()r duc to aForce Maietlre Event .
NHAI is in breach of this Agreement and such breach has a M aterialAdverse E- ffect on the Concessionaire and NHAI has failed t
o ctlrc suchlll'eatlll or (ake effective steps for ctlring stlch breach withi
:1 90 (ninety)days ('.JI' l'etreipt of noticc in this behalf frolzh the Collcessiollaire'.
d -lalliflg f'l' hleertll to K'f tlzal'litl-llag:ll' section 01- NH 58 on Bf-)'1' t'ilsis STS/Ik, +.4k foaqe )4(
:. A . t::-.d .o# e
. 2 '?. to ..j# < o4 - (7
. N T v;' zw! T , s '''x.r . , . p sx lx>t z.
t. w* x v Nlx
N l IA l I-ep. ud i ates (llis Agreel-ne nt or ofl lel'îvise e v i (.le llces a21 i t l'evoca ble
intcnt ion not t() be botlnd by this Agreenlent ',
G(71 or GOLIl7 ol- any Governmental Agency lltlve by rtll act of conllnissionor olnission created circunlstances that have a h/faterial Advef-se Effecf
t-pnthe perfonuancc of its obligations by the Concessiollaire and llave failed toctlre the sal'ne Nvithin 90 (ninety) (lays of receillt of notice by Nl l'Al in (hisbehal f fronl the Concessionaire-,
N HAI has delayed any payment that Ilas f'allen tllle tlnder this Agt'eem entif such delay exceeds 90 (ninety) days.
*32.4.2 Upon Termination t)y thc Concessionaire on ttccount of an NHAI E
vent ofDefault, the Concessionaire shall be entitled to receive from NHAI by wny ofTermination P ayment a sum equal to:
the total Debt Due, pltls
120% (one hundred twenty percent lthe total Snbordinated Debt, plus
150% (One hundred fif'ty per cent) of the flqtlity (subscribed in casll andactually spent on the Project but excluding the amount of Equity Supportreferred to in Article XXlll) if such Termination occurs at any timeduring three years commencing from the Appointed Date and for eachsuccessive year thereafter, such amount shall be adjusted every year tofully reflect the changes in SVPI dtlring such year and the
adjtlsted amotlntso anived at sllall be redllced every year l)y 7
.5% (seven and 14 llalf percent) per afznum.*
e. +Upon Termination of this Agreement for any reason whatstàever. N HAI shall:
(i) take posscssion and control of Pi'ojcct llighway folathwitll'.
(ii) take possession and control forthwitlA of any materials. constructiol) plant,implements, stares etc. on or about tlle Sife.'
restrain the Concessionaire and any person claiming through or t,ndcr theC oncessionaire fl-()lll entering tlpon the Site oI' any
part t)f the Projectl Ii ghway', and/or
4 - l ltll 1 ng o t N1 ee f'tlt tf ) N1 tl z a l f 'ar . . set-. ( ,( 3 4) f .) I l.k I-I j; hr (.-,14 j; ( )''j . j);, s ) s -- -----..-
@.N'% A t6 (:7,.vl o *. 1. % .re .* (::7 N tsj '-f
- Of : 1 ) sT .'> ex'x.z , , z.pw/- . . Av t.ts*%
.
'S' N+ New :) &
*
sucrceed tlpol'i elec t ion by N 1-1 A l vv i t Iltbtj î l t je blecess 1 t y c) 1* an y tk ' I'l llel' nc , i o11by t l1e Ctlncess 1 ollai I'e , to t lltt i 11 re l-es ts (7f t 11e ( --ollcess i ol'l;l l l-e l ) 11 de 1* s tlcl 1 tAft lae Project Agreenlen t as N I'IA. 1 Illay i 1) i ts (1 i scret i on dee rIl aplll-opl-i ateand sllall tlpon such elect ion be requi l-ed ro conllAensate tlle ctolltt'actorsonly for compensation accrtling and becomillg due and payable to tl
leluunder thc terlns of their resp. ectivc Project Agreements from and after fhedate Nl4Al elects to stlcceed to tlle interests of tlle Collcessionaire asaforesaid. Al1 sulns claimed by sllch Contractors as being due and owingfor work and services perfornaetl or accruing on account of
any act:ofnission or event p rior to such date shall constitute debt betweell tlleConcessionaire and such Contractors and NHAI shall in l1o
w ay or Inannerbe liable or responsible for such sufns.
Termination Payments: The Termination Payment ptlrsuant to this Agreetllentshall become due and payable to the Concessionaire by N1lA1 within tllirty daysof a demand being mndc by the Concessionaire with the necessary partictllarsduly certified by the Stam tory A uditors
. If N HA I fails to disburse the ftlllTermination Payment within 30 (thifty) days
, the amount remaining unpaid shallbe disbursed along with interest @ SB1 PLR plus two per cellt for the period ofdelay on such amount.
*
M ode of Payment: Payment of compensation of costs by NHAI ptlrsuant to thisArticle XXXH shall be Inade by way of credit to the Escrow Account alld stlchpayment shall constitute valid discharge of NIIAI's obligations for Tel-fninationPayment hereunder.
Notwithstanding anytlzing to the contrary contained in tbis Agreem ent, anyTel-minatipn purstlant fo tlle provisiqns of this Agreement shall be withoutprejudice to accrued rights of either Party incltlding its right to claim ak,d recovermoney damages and other rights and remedies which it may have in law orcontract. Al1 rights and obligations of either Party onder this Agreelnent, inclt,dingwithout limitation Term ination Payments and Divest
rnent prtxedures, shall gtlt'vivethe Termination of this Agreenlent to the extent stlch survival is necessary forgiving effect t() stlch rights and obligations
.
#'
XXXIII. DIVESTM ENT 0 F ItI('1IITS AND INTERESTS
4 - 1:11) i ng tl#' Mecl'tlt tt, 1$,'1 tlz'kt ffiprljisgar scct ilïll tlt' h2H 5: (.,() t.)( )'j- basss k.. ''''r-'y- --.6 *-$' pat)e t:s+u:. z, ** C.%% ; (a -c+ rw
v ulN wJ * g Ve o
.a , T %) .x,x.. ., , .a av ++ Z
+ *4 .
*
(b) del i ver fol'thwith acttlal or constrtlctive possession 01- tlle Prtlject l'ligllwa yfree and clear of all Ellcunlbrances and exectltc such deeds
. wl-itings aI1('.ldocuments as may be reqtlired by the NHAI f(èI' fully and effectivelydivesting the Concessionaire of n11 of the riglats
. title and interest of theConcessionaire in tl4e Proiect Highway and conveying the Projectllighway free of any charge or cost (t) NI'1Al'
, and
comply with the Divestment Requirements set ottt i n (-.',lat1se 33.2.
Upon Term ination of this Agreement. the Conccssionaire sllall comply and
confonn to the following Divestment Reqtlirements in respect of the Pl'ojectHi
ghway:
a1l Project Assets including fhe road, pavements stnlcttlre and equiplnent
shall have been renewed and cured of all defects antl deficieneies asnecessary so that the Project Highway is compliallt wjfh the Specllicationsand Standards set forth in tlais Agreement;
*
(ii) aIl sections of each traffic Iane ((l1e ticarriageway'') of the ProjectHi
ghway shall llave a roughncss index of nof luore than 2500 nam per kmand shall be free from defects in accordance with O&M requirenzcnts',
a1l lamps shall be in working condition)
* #'(iv) the Concessionaire delivers relevant records and repons pertaining ttn the
Project Highway and its design: engineering, eonstructiol), operation, antlm aintenance including al1 opcration and nlaintcnz
ncc rccol'ds andprogram mes and mantlals pertaining thereto anfl com plete as blliltDrawings on the Divestment Date:
(he Concessionaire exectltes sucl) deeds of conveyance, docutnents andotber writings as she NHAI may reasonably reqgirc to col,vey, divest andassign all the rights, title and interest of lhc Conecssionaire in the ProjectI-lighway free froll) all Encumbrances ûbsolutely and free of any charge o1'
4 - l)1 n i fl)c! af Nzlttel tll tl h N1 tlzaftal'llaga 1' sect it) n 01* Nl'1 58 (,11 1) (.)1% i'):1!'Is rr,- ShTJ::- zxV
'- - '-r o ().A4 + f age t!%+ ,* 3e, #. 6xz %
ca 'fg . 2a u) M2 * w
o. J ) v <.z zx'r .. . z s % 'N:*I
A%' -..4% *+ n.th%
iYational lliglt 'szt'p p.$- ,4 lttholill' t?/ lntlia Collcessi on Agl'eesl-ient
(he Cclncessionaire conllllies with all other rcquirelnents ns lllay l?epl-escribetl under Applicable Laws to conàpletc the divestlnent alldassignnnent of :111 the rights, title and interest of the Concessionairc in thePl-oject llighway free flrln 1111 fîncunlbrances absolutely and free of anycharge or tax to NHAI or its noluinec.
*
Not earlier than 3
not later than 30 (thirty) days before such expiry, or in
(threej Inonths before theexpiry of (he Concession Period but
the event of earlierTerminatioll of this Agreement,days from the dftte of isstae of Termination Notice
, the Independent Consultantslaall verify, in the presence of a representative of the Concessionaire, complinnceby the Concessionaire with the Divestment Requireme
nts set forth in Clause 33.2in relation to the Project Highway and, if required
, cause appropriate tests to becarried out at the Ctancessionaire's cost for detelnnining the com pliance tllerewith
.lf any shol-tcomings in the Divestment Requirements are found by either Party, itshall notify the other of the same and the Concessionaire shall rectify the same atits cost. The provisions of Article XXXIV shall apply
mutatis m utandis in relntionto repair or curing of defects under this Article XXXIII
.
inlmediately upon btlt not later than15 (fifteen)
Upon the Concessionaire conforming to all Divestment Requirements ûndhanding over actual or constructive possession of the P
roject Highway to NHAIor a person nominated by NHAI in this regard
, NHAI sllall issue a cel-tifjtvatesubstantially in the form set forth in Schedule tV> (the Siv
esting Cel'titicate'')within 3 months of Concessionaireand handing over actllalNHAI, which will have4.'rights, title and lien in
confonning to a1I Divestment Rcquirements
Projcef Highway tothe rffect of constituting evidence of divestment of al1the Project Highway by the Concessionaire and their
Or Constl-tlctive possession Of the
pursuant hereto. lssue ofthe Vesting Certificate shall not be
unreasonably withheld by NHA I.Project
Thc divestnzent oI' al1rights, title and lien in (he
Highway shall be deemed to be complcte on the date when aIl theDivestment Requirements have been flllfilled or the Vcsting Certificate has becnisstled, whichever is earlier
, it bcing expressly agreed that any defect or deficiencyin any Divestment Requirement shall not in any mnnn
er be constlred orinterpreted as restricting the exercjse of nny rigllts by NIIAI or its nomfnee ()n orin respect of (he Project Highway on the footing as if all Divest
m entReqtliremcnts bave been complied with by the Concessionaire.
vesting in Nl1Al
*
I
4 -laning ot Mcerut t4) Mtlzatl-arnat?- seclioll of NH 58 ol) Bt )'P baçls
jswe , .4 , lsTê- page 9()+.v xo
.+ *zpû?- ..p cê' . w t
.k o '.o'i to.,, ) r w* x'- . ' . s w.;- o+ , t. zp Zxsx/ tlx4. . Avedt . .---
Not m' itllstand î ng anytlïi ng to tlle ctlnl rary contai Iled i n ()1 i s Agt-ectnlent , anyT
ernl i nzrion Paylllttllts nlade by NHA l into tlle Escl'ow Accotl n t sllal l not l?ewi tlldl'awll (1)eIrl1'()I11 for any purpose vvhatsoever unti l lhe Vesti ng C--erti ficate hasbeen issued by NI-IA l under this Artic le
. Providttd , however, that the afot-esaidrestriction shftl l not apply to withdrawals fronn the E- scrow Account in favou r ofthe Scnitlr Lenders to the extent of Debt l3tle
.
*
4 -1 an ! f)g f)f Nlet!, t,t to s'j tjzatla ' ' ' ,r) o/ NI.! 5: tjn I:J ()-j- jlasj s xj4 ,jj. - . ---+% w .,p* ey . sa o s) j* a cj G :
# *. : '41- . t.kk
. : w+ ..-J , q ï'J7 oe 4, ex4. cp / 'x
.+ ox> eàv jlkz'ell,i *
National Iliglt H'tzlcç Authority of bltfz-zz Concess ion Agl'eelllellt
CHAPTER - VIIIM ISCEIaI,ANEOUS
*
XXXIV. DEFECTS LIABILITY
Not less than 30 months nor more thnn 36 months prior to the expif'y of theCtlncession Period, the Concessionaire and the Indcpendellt Consultant shall
conduct a joint inspection (the 'tlnitial lnspection'') of the Project Highway and allProject Facilities.
W ithin 90 days after the completion of the lnitial lnspection, the Concessionklireshall provide to the lndependent Consultant a report on the condition of the
Project Highway and the Project Facilities and a notice setting out theConcessionaire's proposals as to the renewal works required to comply with theDivestment Requirements.
34.3 The Independent Consultant may, within 90 days after receipt of the notice fromthe Concessionaire in accordance with Clause 34.2, by notice to theConcessionaire object to the proposals giving dctails of the grounds for suchobjection and shall give the lndependent Consultant's proposals in respect of therenew al works.
*
lf no agreement is reached between the Concessionaire and the IndependentConsultant witlzin 30 days of receipt of such notice
. then either the Concessionaireor the lndependent Constlltant may refer the matter to the Disputes Resolutio
nProcedure.
U& n agreement orodeterm ination in accordance with the Disputes ResqlutionProcedure. llle Concessionaire shall carry out the renewal works at its
ow n cost.
34.6 Not less than 9 months nor more than 1 2 months prior to the expiry of tlleConces-sion Period, the Conczgsionaire and the lndependent Conslllfant shallconduct a joint inspection (the ''Second Inspection'') of all elements of the ProjectIlighway and Project Facilities (whether or not the renewal works have beencarried out).
W ithin 30 days after the completion of the Second lnspection, the Concessionail'e
shall provide ro thc lndependent Consultant a l'epold on the condition of theProject llighway and Project Facilities and a notice setling out ally revisions or
zl - lan i ng (.,1* Nleertlt to Nf uzaffarnao ecl ion of' N 1,1 58 041 84 )-1- ba-ti' s ' - .,#hw* . wxvç o page ())?
k % to Cv . o .r.* Q tkl#
w %a w' T ss ?7, o:l: .. , . ysjjz ... z.sv. ' c. / 'N
* s xvpe# * 'ew *#'. x. 1 $. 1
Natiolîal lligh yfltzl'-s- Authority t!J lndia (---tpncttss ioll A. gpeet'tw- I1t
tadd i ti ons t'o the t'ellewa l wol-k s I'eqt l i t-ed i 11 tlle(.ler to enstl I-e c4) n-lp l i ance l'v i t 11 ( heI'Aivestnlent Reqtl irelnents.
'1-lle Intlependent Constpltant mayv within 30 days affer receipt of tlle notice f
l'()n)(he Concessionaire in accordance with Clause 34.7, by notice to the
Concessionaire ohjec;t lo the proposed revisions giving details of tlle grotlnds !bI'such objection and shall give the lndependent C
-ollsultant p roposals in respecl ofsuch nAatters.
lf no agreelnent is reached between the Concessionaire and the 'IndependentConsultant within 30 days of receipt of stlch notice, then either the Concessitnnaireor the lndependent Ccmsultant may refer the
matter to the Dispute ResolutionProcedure. '
*
34. 10 Upon agreement or determ ination in accordance with the Disputes ResolutionProcedure. tlac Concessionaire shall carry out the
renewal works (as so revised) atits ow n cost.
34. 1 l From the date which is 2expiry of the Concession Period a sum
equal to the Fees realisable during the last two years of the Concession Period fora traffic voltlme calculated at the rate of 10
.000 (ten thousand) PCUS per tlay peryear or a higher sum estimated by the lndependent Consultant for renewal works
,shall notwithstanding anlrthing to the contrary contained in this Agreement
, beretained in (hc Escrow Account provided that if a Bank Gllarantee of anequivalent stlm in the form and content acceptnble to NI-IAI llas been furnished bythe Concessionaire to NHAI
. no sucl) retention shall be m ade.
years prior to the
lf following thç Second lnspection, it is agreed or determilled that
qp renewalworks are required, then within l 4 days of such agrecment. 50% of the stlmsrctained in accortlance with Clause 34
. l 1 shall be released from tlle EscrowAccount to tlle Concessionai
re.
*
4
# hvithin 14 days after the isstle of the Vesting Certificate issutzd in nccordance wifhArticle XXXIII the sums r'etained in accordance with Clause 34
. l 1 sllall bereleased from the Escrow Account to tlle Conccssi
onaire.
4-1ani I)t! of N,feel.llt I.) pj uza I'fay.rlagar sec ti (3n o (- N 1. I $)4 ()n j.j (.).j. tlgjsj. s ---....-..-.' zybw* y #k%k6 cr
-.% *<4 Rm o t.o 'U
. 2 cx ks w: , .. v ot . 1 & J'z .s'%' > , , p+ ' 'z > AV
4, Xew z . . . . *
National .//'ï)#?u'ay.ç A uthority t#- India Collct-s s 1 t'tl Agree llle !) (
XXXV. ASSIGNM ENTS AND CIIARGES
Subject tt) Clauses 35.3 and 35.4, this Agreelllent shall not be assigfled by tlteConcessionaire save and except with prior consent in wri fing of NIIA 1, wllichconsent NHAI shall be entitled to decline withllut assigning any
I'easorlwhatsoever.
Subject to Clause 35.3. the Concessionaire shall neithec create llor permit tosubsist any Ellcumbrance over or othelavise transfer or dispose of all or ally of itsrights and benefits under this Agreement or any Project Agreeménts to wllichConcessionaire is a pal4y except wifh prior consent in writing of NHAI, whichconsent NHAI shall be entitled to decline without assigning
any reasonwhassoever.
*
35.3 Restraint set fortà in Clauses 35. l and 35.2 shall not apply to:
liens arising by operation of law (or by an agrecment evidencing tlle same)i
n the ordinary course of business of the Project Highway;
molgages/pledgesdAypothecation goods/assets other than ProjectA
ssets, and those covered by the Substitution Agreement and their relateddocuments of title arising or created in the ordi
nary cotlrse of business ofthe Project Highway and as security only for indebtedness tta the SeniorLenders under the Financing Dtxuments and/or for working capitalarrangements for the Project Highway'
,*assignment of rights, title and interest to or in favouf of tlle Senior Lenderspuquant to and in accordance
awith the Substitution Agrsement in respectof financing by the Senior Lenders under the Financing Doeuments for theProject; and
(iv) liens or enctlmbrances required by any Applitable l-aw.
The Senior l--enders may exercise the rights of stçp-in or stabstitution as providcflin lhe Substittltion Agreement to be entered i
nto among the Concessionaire,N11A1 and Senior Lenders in the form set forth in Schedule 'U' provided (hat tlle
person substituting the Concessionaire shall be deemed to be tlle Concessionail'eunder this Agreemcnt and shall enjoy aI1 rights and be responsible for al1obligations tènder this Agreement as if it were the Concessionaire. Provided,
4 - l a!3 $ fl g of ' N$ eerut tt) N( u 7a # l ktI n llga r sec ! ' f N 1.1 5: ()r) l'.j ( .)-1- tlas j s .a4 .,e. . y ,: '-''. w p v . . j
vxx o c. age+ % c) 'uV' ..
1. - . 1. ul wklx mt r$& l * v <7. o9 z . y' V Ahh7/ tt:y . .: ; zx* Av** x
zj. '%x. . W'4. p. jjlju:
National Iligll 'iztzy: Authority of lndia Collcessi o11 Agreelnef ,1
llt7îve vel-. t hat i n the even t t.? f sucl't step- i n or stt bst i ttlt ion
, an atl (1 i t i tol) a l (7.- u l'ePeriod of 90 (ninety) tlays sllall be provided by Nl'lAl to enable (l1e
Concessionaire to cure any breach or deflltllt stlbsisting ol1 tlle day of gttch step..inor substitution. Provided furtber that if the Senior I-endel's step il1 to operate andmanage tlle Concession for a period no( excecding 9 O (ninety) days, theirliabilities shall be restricted to the obligations relating to and arising during such90 (ninety) days period.
Notwithstanding anything to the contrary containetl in this Agreem ent NH AI m ayassign any of its rights and benefits and/or obligations under this Agreementpursuant tt'l any direction of GO1 or by operntion of 1aw or in the course of its ownbusiness.
*
XXXVI.
of Change in Law, theConcessionaire suffersan increase in costs orreduction in net after tax rettlrn
aggregate financialany Accountingeffect of whichYear, (he Concessionaire m ay
exceeds Rs.l0 nzillion(Rupecs ten million) innotify NHA I andPFOPOSe anlendmcnts to tlzisAgreem ent so as
would have occupied hadto put thc Concessionaire inthe same financial
Change in Lawposition as it
there been no suchincrease, reduction innotification by the Concessionaire
return or other financial burdenresulting in such cost
as aforesaid. Uponas aforesaid, the Parties shallmeet as
sof)n asreasonably practicable but no later than 30amendments to this Agreement or on alternative arrangenaents to implemenl tl
leforegoing.
(thirty) days and either agree on
or other financial burden. the
If as a restllt
CIIANGE IN LAW
*Providej that if no agreement(ninety) days of theby notice in writing requjre xual ,
,., - -- -.- .
36.i- the Coneessiollaire may
Cbncessjonaise in tlae same financial o
--
oqi, '';
'A
,-
'- . ''/ L'- ''- '''''t'''t tbl't would ptlt tl):
been so such change in t-aw resultiz,. :,a 'J-.-'-- J -''- - %''. .'-''''Jd have occupied laad tl,ereother financjal burden as aforesai O
d. -- ''
q ***
,,m
''
u
U*'
.. 1'.:î'1f- FCZSC- r'fdtltttion in rettlrn ornecessary partfculars t-lt,ly certified --
s''J ''' .''u'-'.. t'CJ. Sh21l be cccompanied byConcessionaire.
xI4a; sl,ajl make naw '-m
'o -t 7- 1 -.ô''', l'''Or.?' Atldifors of tlle
tfïfteen) days of l-eceïving sucll notic ''e o
'
r
'- -
w i ''1
,1
'
à k 'J J- l 1 1C- D-ncov13pcnsation within I .5thereof is delayed beyond sucl) 15 tçvtnv-
--
-
-
j '''
xb) 1-''Z- >ï.%*'- -SBI PLR if tlle paymentEluantum of such compensation ctaitc.ok-
o
-t
l'jk1i '''sa 21..J Y- '.. 1l. NI)Al shall dispute thefinally settled io accordance wirla tlae oispu
-
t
''
e
-
a
'-
e
''
st-
f
,
'
l'/J 'j 'o '*n '/a/. 10''C- 6f't' S'''''C Sl'''il becedl-llwe.
meeting Pursuant 10 this Clallseby the Pal-ties within 9()is reached as aforesaid
4 -lal), nt? ()1* ldecrut l4) hl tlza l'lklrnagar sectiol) of Nl1 51$ t'Jl) i)(')-1 ' basl s s r1. &4,.p q4 o roage 9)5v+ks%
o *N t., ck .. t:l
-u.? xx- 1. tu' (7 j- ..4. X, j ::. <- o-fi: #:>.. , a y ex..x.' a
) jy* x ,4#4 . > *'e
w':w o c.i ..y
h/tttiotlal /-//-r/zpf?trz.y: Authol-ity tt/' llltll'a C'ollce ss 1 on z'tgreeylTe
, lïti
@
1 f :,f.) )'1 l'estl l t tlf' C 11 a llge i 11 1..:1 u' . t l le t---ollctlss j ol , a i 1-t*. e IP' oys a I-e(l uct i on i n cos ts ol'increase i n net aftel- tax l'etti 1'11 oI- tltllel' ûnnnc ial l'efte t-it
, t l1e aggregate f'inancia leffect of w hich exceeds Rs. 1 0 1)) i I l itll) ( R ujèees tell n)i l 1 ion) in any Accounti ngYear, N l1A I l'nay stn not i f-y tlle Collcessit'naire and propose anlendnlents to tllisAgf-eement so as to ptlt tlle Collcessionaire 1 n the sanne financial posi ti on as itwotlld have occupied llatl there been so stlcll Change i n l
--avv restllting in stlchdecreased cost, i ncrease in retul'n or other fqnnncial bellcfit as aforesaid
. Upol)notification by the N HAl as aforesaid
, t he Part ies silall mee! ûs soon as I'easonablypracticable but no later tllrln 3t) (thiny) tlays and eifher agree on 'such anlendn-lelltsto this A grcement or on altel-nati ve an-angernen! s to inlplelnent the foregoing.
agreem cnt is reached as aforesaidmeeting pursuant to this Clnuse
by the Parties within 90(ninety) days of the may by notice inwriting require the Concessionaire pay nn
amount that would put fheConcessionaire in the same financial position it would have occllpied had therebeen no such Change in Law resulting in sllch élecreasetl cost, increase in returnor other tinancial benefit as aforesaid
. Stlclz notice shall be accompanied bynecessary particulars dllly certified by tlze NHAI Representative. TheConcessionaire shall make such payment within l 5 (fifteen) days of receiving
stlch notice or with interest @ SBI PLR if the payment is delayed beyond such l 5(fifteen) days. lf the Conccssionaire shall dispute such claim of NHAI, the sameshall be finally settled in accordance with the Dispute Resolution Proccdtlre.
ftn
36.2, NHAI
Provided that if no
@Notwithstanding anything to the contral'y contained in this Agreement
, N1'IAIshall not be liable to reimburse to the Concessionaire any sums on account of anyChange in Taxes if the same are recove
rable from the tasel's of tlle Pl'ojectHighlvay or if the aggregate tinancial effect of such changes in any Accounting
4â
Year is less thnn or equal to Rs. 10 million (Rupees ten million).
XXXVII. LIABILITY ANl) INDEM NI'I'Y
General Indelnnity
The Concessionaire wi l l indelllnit'y, defend and htlld NHAI harlrlless
against any and a1I proceedings. actions and. third party claims (other tllan
a claim by Nl-lAl or GOl for losss dalnage and expenge of whatever k ind
and nnttlre al'ising out of the design, engineerings constl'uctions
procurement, operation antl nlai ntenance of lhe Project l'lighway or al'isingd - 11t ni ng of' Nlecf ttt t(1 Kzf uz
-alltlfllagzr sect ion of' N 1-1 58 (),, f1(,)-I' bllsls
ûsTsmY +*w o #. cx.x* edN
..op Qc tDt .i tkk .-lz. v
w' o. ; ' ?w ee zxz ,y ) J. Vz +.s.. ,
.s h?* 4,.W
zgational IIigh 1,:/. v-ç vktttlloritv f'-/' lltdia C-oucessl' on Agreel 3 'ent7 - . .
()ut o f a bre ac 11 b y U-ollce ssios) a i 1'e of 7111 y o f j ts otll i gat lolls tl nder t 11 i sAglrenlcnt except to f he ex tellt tllal any stlcl) clJll' n) llas al'iscn due toN H A l E ve n t (7 f fle f a tl l ( ) .
Nl4Al will, irldemnit'y. Jefend antl hold harfllless the Concessitnnaireagainst any and 1111 proceeclings, actions, third party claims for loss
,
danlage and expense of whatcver kind and nntul-e al-ising out of defect intitle and/or the rights of N1'fAl in the land comprised in the Site adverselyaffecting the performftnce of the Concessionaire's obligations undel- rhisAgreement and/or arising out of acts done in discharge of their lawfulfunctions by Nl IAI, its Ofticers, servants, agents. subsidiaries andcontractors (&tNl1Al Indemnified Persons'') ineluding NI-IAI Events ofDefault except to the cxtent that any such clailn has arisen due to anegligent act or omission, breach of contract or breach of statlltory duty o
nthe part of the Concessionaires its Subsidiaries, affiliates, confractors,servants or agents including dtle to Concessionaire Event of Default.
*
Concessionaireindemnify. save harm less and defend NHAIand stlbsidiaries from and against any and all loss Jtnd damages arising out of orwith respect to (a) failure of the Concessionaire to comply with Applicable Lawsand Applicable Perm its, (b) non-payment of taxcs relating to the Concessionai
recontractors, suppliers and representatives
. income pr other taxes required to bepaid by the Concessionaire without reimbursement heretlnder, or (c) non-paymentof am ounts dtle as a result of m aterials or services furnished to the Concessionaireor any of its Contractors which are payable by tlle Concessionaire or any of itscontractors.
shall ful 1 yservants, agentsinc Iuding its oflicers
,
W ithout limiting the generality of Clause 37. 1 the
4. *
W ithout limiting the generality of the provisions of thks Article XXXVII, theConctzssionaire shall fully indemnify
, save llarmless and defentl the NI4AIindem nitied Person from and against any and
a1l damages which the Nl-1AlIndemnified Pe-rstm s mayj * 'C aIm S. 1;U1t5
hereafter s'uffer, or payby rèason of any deluands.or proccedings arising out of claims of infringement of any domestic
or foreign patent rights, copyrights' or other intellectual property
, proprielary orconfidentiality rights with respect to any materials, information , design orprocess used by the Concessionaire or by the Concecsionaire's Contractors in
performing the Concessionaire's obligatiolls or iI1 any way incolporatcd in orrelated to the Project. If in any such suit
, claim or pl'oceedings. a tempol'p ''yrestraint t)l der or prel iminary injtlnction is granted
. the Concessionaire shail rnake
l1l
4 - I a n i 1) g o (' hfeel'ut l o &! tl z;t f)':) I.nagar s(> . ' tjn o f' N j.l 5)4 o n jjj r-j-y tlas j s VS ' -- .vwxyx d zpx<xl % *o C
k x. o ..c* x, x . a kj.j
m n. s w,' . .. ., l ; ,) :,;. vgs oz. p $ z ' , z ..x.r* e.
.y. ) ajvp;# o.jY.' +.* w, j ) $ u ':
*
sa t i sk f-ilclory tntnllt'fstlsrlellsitvll o f tlleproceetli ngs lllec (-7 n s t i ( u t e
s 11 a l )
cost (o NI IA 1. authori ng contintletl tlse
Prqject of-k'l 11 y j) t't y-( , t ) 1 e reo f o j'cornpy-ised therei 1) lleld tt )(-a . j .. t-)l1Ce3(: lolla l e
I 1 ce n c e , ;1t 11 (4
an i n fri ngelnen t and i tstl S C i S Ptlt 1' l 1) an C n ( 1 y enj o i n ed , ( l j tt!p
l'twllllptly nlakeevery reasonable effort tf) securefor NHAI a
of tlle infringing work If rjaeCollcessionailve is unkahle jo secus
e stjcl.j ljcence wj (l)in a j-easolable tinae, tjleConcessionajre sllall al jf-s own ezpense and wf tjlotjt jmpajrjt)g jjle sjyjet;j jjq-atjous
y
and stalldards ejther repjace the afscfed work or pitrt, or process thel-eof withnon-infringing work or parts or process
, or motjîf the sanae so (hat jt jlecomesnon-infrjnging. J?
(..8.1- toî lle.l'u? i se , ! '.7 st-c tq 1'e t l le2.1 n y F; t t é' 1) s 4 I 1 ( c l a i In o 1.
i n.j l I nct itnn oI- l-estra i n t 1 t@y 1- 1 1- 1 1)t-hr't . ,
by g i vi ng ae vel-j, t'eklstlllallle c f-fol-t
event that ejther party recefves a claim from a third party jn respect ofwhich it is entitled to the benefit of an fndem njty uu
tjer tlajs Aj-tjcje xxxvll ttj)eNlndemnified Party') jt sjaajl notify tlae otjaer pauy (x.stjemujjyjug pauyry wytjjju14 (fourteen) days
of receipt of the claim and shall not settle or pay tlle claimwithout the prior approval of the Jndemnjt-yjng pauy
, sucjj approvaj uot to yeunrensonably withheld or delayed. In the event that the fnde
mnjjyjng partywishes to contest or dispute the claim jt m ay conduct the proceedfngs jn tlle najueof the Intfemnjfied p
arty subject the Indemnified laarty being secured against anycosts involved to its reasonable satfsfaction
.
ln the
Defence of Claims
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37.5. l The lndemnified Party shall have rigllt, buf no( fhe
claim, action, stlit Confest,or proceeding by any thirdor asserted agrtinst such
ofparty in party alleged
- a 1-1 s i n g otl to!respect ot-resttjting fl.ona,
be indemnifiedrelate d toany matter f
orvvhich it is entitled t()y.
expenses shall bereasonableIndemnifying Party
. lfthe lndcmnifying Party acknowledges in writing its obligation to indenznify theperson indenanified i
n respect ot' loss to the full ex leltt provided by this ArticleXXXVII
, the lndemnifying Party shall be entitled, at its option
, to ûssunne Jlndcontrol the defence of stlch claim, action, suit t)r proceeding
, liabilitiec, paynnentsand obligations at its exjxznse all(1 through cotlnsel of it6 choice provided it givesprolnpt notice of its intention to do so to the lntlemnifietl Pal-ty and reinAburses thelndcnznit-ied Party for the reasonable cost and expenses incurred by thelndemnific
.d Party prior to the assunAption by the lndcrnnifying Party of suchdefence. The lndemnifying Party shall nos be entitled to setll
e or compronlise anyclai 1).1, ac( ion, su i t or proceetlin g wi l llotl t t t1e prior vvritten consent () f l lltut
hereundercosts and n n qj t 1) e i f''ndemnitied by the
and litigate anydtzfend obligation, tothe
z1. - I a n 1 n,y of N'1 eeI tl t l o ?k1 tl za f lkl l'flilgllr scc t I'4 ) n f 1 f N I-1 j; 8 t ,,3 l) ( )-f- h
kl.cs , s ç:.' ,4y.hk +wa * /. .* .*
t::j -clv ,4* 'à tu ...4a c. v,- ou . .:: ---w k . . . .
yy =. zxz'x7 ghb't l i ak , pp4ye'.e,',' J /..p V+ . z J. t h.z jw x .#.''<.- .->
istatioiti.tl J/ïg/? uztz-vx Alltltority tl/lilf/fa Collcessi
on Agreenlent
lndelnnilied Party tlnless tlle lndemnifying Party providcs stlcll security to the
lndemnified Party as shall be rcasonably required by tlle lndcm nified Pat-ty tosecuj-e, the loss to be indemnified hercunder to th
e extent so compronlised orsettled.
37.5.2 lf the Indemnifying Party llas exercised its rights under Clause 37.4. (heIndenm ified Party shall not be entitled to settle or compronzise any claim , action.suit or p
roceeding without the prior written consent of the lndemnifying Pa14y(which consent shall not be unreasonably withheld or delayed).
37.5.3 lf the Indemnifyirlg Pal'ty exercises its rights under Clause 37
.4 then theIndemniûed Party shall nevertheless have the right to employ its own counsel and
such counsel may participate in such action, but the fees and expenses of such
counsel shall be at the expense of such Indemnified Party, when and as incurred,unless:
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(i) the employment of counsel by such party has been authorised inwriting by the Indemnifying Party; or
(ii) the lndemnified Party shall have reasonably concluded that theremay be a conflict of interest between the Indemnifying Pm y andthe lndemnified Party in the conduct of the defence of such action;or
@*
the Indemnifying Party shall not in fact have employedindependent counsel reasonably satisf
actory to the IndemnitiedParty to assumc the defence t')f such action and shall hav.l yeen #onotitied by the Indemnified Party; or
the Indemnified Party shall have reasonably concluded aùd
specitically notified the Indemnifying Party either:
that there may be specific defences available to it which aredifferent from or additional to th
ose available to theIndelnnifying Party; orthat such claim
. action. suit or proceeding involves or couldhave a M aterial Adverse Effect upon it b
eyond thc scope ofthis Agreement;
4 - ICtn i ng (.,1* Meej.tjt to &1 uzil f-taj.flagar sccl ion ol NH .$ j4 oj) aj) (..)v jjasjs S TF
*Bsb :1 U1 .T o .v./ w
* ,4 œz.g p. --f. . m oz > t :) j . .Y 2>z. 'xz.h..-,;!' , .% Av t'lk* z . w
>ej. xg*1,- *
q'')t
Natiol'al f/ïg/zlpay.ç Autlnorit.v of fllt/ïtz Concession Agl-eemellt
provided that if clauses (ii), (iii) or (iv) shall be applicable, counsel for tllelndemnified Party shall havc the right to direct tlle defence of such claim .action. suit or prx eeding on behalf of tlle Indemnified Party and thereasonable fees and disbursements of such counsel shall constitute legal orother expenses hereunder.
XXXVIII. RIGHTS AND TITLE OVER THE SITE
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iThe Concessiohaire shall have exclusive rights to the use of the Site in accordancewith the provisions of this Agreement and for this pufpose it inay regulate theentry and use of the Project Highway by third parttes
.
38.2 The Concessionaire shall allow access to, and use of the Site for telegraph lines
selectric lines or such other public purposes as NHAI may specify
.. W here such
access or use causes any damage to the Project Highway and consequent financialloss to the Concessionaire. it m ay seek com pensation or dam ages from such u
serof the Site as per Applicable Laws
.
38.3 The Concessionaire shall not be liable to pay any property taxes for the Site.
For the pumoses of claiming tax depreciation, the property representing the
capital investment made by the Concessionaire shall be deemed to be acquiredand owned by the Concessionaire
.
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38.5 The Concessionaire shall not sublet the whole or any pal4 of the Site save and
except as m ay be expressly set forth in this Agreement provided however thatnothing contained herein shall be constnled or int
erpreted as restricting the rightof the Concessioqaire to appoint contractors for the perfo
rmance of it, obligationshereunder ikscluding for operation and maintenance of a)l or any part of theProject Highway including Project Facilities
.
XXXIX. DISPUTE RESOLUTION
Amicable Resolution
Save where expressly stated to the contrary in this Agreement, anydispute
. diffcrence or controversy of whatever nature howsocver arisingtlnder, otlt of or in relation to this Agreement incltlding incolnpletion ofthe Project Highway between the Pal'fies and so notified i
n wl'iting by
4-lan, ng o1' Metlrtll ho M uzal'farn ' ' -lion ol' Nl1 58 471) fl('l-r basis -ç, %% :yy s 'rs
o 44 .4Q *@ 5 # ($.'.? 1 .*. Y 't 7.% .
.c ..oa .v . , f:7A :tk? b ?. uj w:1 ewe, t.y w-'.z . j :.j- vc. o+ a
z , zxv'>. ,,4S *1 --.--' ''N. j y. y ( y y y.y1..3 .. l 1, k
-.-. - ...--
National 11. ïg/lu.tz-p.ç Atttltority tl//lldftz Concession Agreelllellt
either Party to the other (the k'Dispute'') in the first instance shall beattempted to be resotved am icabty ïft accordance with the concitiationprocedure set forth in Sub-clause (b) below.
In the event of any Dispute between the Parties, either Pal-ty may call uponthe lndependent Consultant to medinte and assist the Parties in arriving atan amicable settlement thereof. Failing mediation by the IndependentConsultant or without the intervention of the Independent Consultant
,
either Party may require such Dispute to be refen'ed to the Chailnnan ofNHAI and the Chairman of the Board or Directors of the Concessionaire
,for the time being for amicable settlement
. Upon such reference, the saidtwo Authorities shall meet not later than 7 (seven) days of the date of suchrequest to discuss and attempt to amicably resolve the Dispute
. If suchmeeting does not take place within the said period or the Dispute is notamicably settled within 15 (fiffeen) days of such meeting between the saidtwo Authorities, either Party m ay refer the dispute to arbifration inaccordance with the provisions of Clause 39.2.
# . *
(c) lf the Dispute is not resolved as evidenced by the signing of the writtentenns of settlement within 30 (thirty) working days of the aforesaid noticein writing or such longer period as may be mutually agreed by the Partiesthen the provisions of Clause 39.2 shall apply.
39.2 Arbitration
39.2. l Any Dispute. which is not resolved amicably as provided in Clause 39.1 shall be
finally decidld by reference to arbitrajon by a Board of Arbit/tors, appointed
pursuant to Clause 39.2.2 below. Such arbitration Jhall be held in accordancewith the Rules of Arbitration of the Indian Council of Arbitration and shall besubject to the provisions of the Arbitration Act.
@
39.2.2 There shall be a Board of three Arbitrators of whom each party shall select oneand the third Arbitrator shall be appointed in accordance witlz the Rules ofArbitration of (he Indian Council of Arbitration
.
39.2.3 The arbitrators shnll issue n reasoned Awal-d.
i
4 - Ian 1 ng of Meel'tlt t() &f uza t- arllagar scctiotl o 1' N H 58 (iI, f..$('?1 bits is k-.sh +whwa
. c pB. 4o . age l t) lN .<)* et. 4
.? ï 11 (D -.4k 4.k ,x o> k . . o:z: !:*' 1) . d ge rx
,g ... ,'e ' : c ze ...x(' ., .j ;..@. t y , ..x Z.p gx# s .p ysjN > ..J.x. y.:z*' M. .e W 2' '1, N ..-.c>'1Jv l 1, . *
Nvgional filïr/lpfza-p.ç ..4 ulhority of Jirtfftz Collcessiol) Agl'cenlellt
39.2.4 The venue of sttcll arbitration shnll be New Dellli, llldia.
Arbitration Awards to be B inding
39.3. l The Concessionaire and NHAI undertake to carry out any decision or award of
the Arbitrators (the çtAward'') without delay. Awards relating to any Dispute shallbe final and binding on the Parties as from the date they are made.
-+ j
t
%39.3.2 The Concessionaire and NHAI agree that an Award may be enforced against the
Concessionaire ancl/or NHAI, as the case may be and their respective assetswherever situated.
39.3.3 This Agreement and rights and obligations of the Parties shall remain in full forceand effect pending the Award in any arbitration proceeding hereunder.
XL. DISCLOSURE
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40.1 The Concessionaire shall make available for inspection by members of 17 Nlic freeof charge during normal business hours on all working days copies of thisConcession Agreement, the O&M Contract, the Tolling Contract and the State
Support Agreement (hereinafter collectively referred to as ççpublic Documents'')at the Concessionaire*s Site oftice during the subsistence of this Agreement. TheConcessionaire shall prominently display at the Toll Plazas public notices aboutthe availability of the Public Documents for inspection and shall make available
upon request and payment in advancg of copying charges on nz profit no loss1.basis to members of public copies of the said Public Documents.
XLI. REDRESSAL OF PUBLIC GRIEVANCES
The Concessionaire shall maintain a public relations oftice adjacent to each TollPlaza and keep it open to public access at Jtll times. At each such office, theConcessionaire shall open and maintain a register (the ''Complaints Rcgister'') forrecording of complaints by any person (the ''Complninant'') at any time of theday. The avnilability of and access to stlch office and the Complaints Registel'sllall be plrminently displaycd by the concessionaire at each Toll Plaza so as to
zl - Ianl ng (.) 1* N'Iecl'tll lo Yf tlzallill'ntkgar section of N H 58 t)n (1 ( .)*1' I7:Is l q -....x ----'x f.';-$bw #. a e I (12B$ .fw -0 f)A
r4 (:n . : ;$) %. ttk ?u
x x .w. .l u .z ve,az 4. 'Ny ,' A ? xsq tb
+ . . <.+ ..Se* + yI , .x 9 K. l
National Ilighways Aldfllori/,y of ll/ditz Collcessiol) Agreellletlt
bring it fo the attention of all persons lvll(). rll'e et1 tel'i ng alltl ex it i 4)g t l)e Pp'ojectH i gh w ay
.
tlltl
eachptlblic relations office.complaint recorded therein
Eachpage of the Rcgistel' shall be
shall also be duly numbered.
propel' ctlstody atdu l y n tl 1) ' t/ered and
Soon after acomplaint is registered thestating the date and complaint number
, which the Complainant may refer to in anysubsequent correspondence or claim. The Complaints Register shall haveappropriate columns including but not limited to the complaint number and date
.name and address of the Complainant. the complaint and the action taken by theConcessionaire th
ereon.
Complainant shall be tyivea ao receipt by such office
securely bound alld kept inThe Complaints Register shall be
The Concessionaire shall inspect the Colnplaints Register at reasonable intervalsand take prompt steps for redressal of the grievances stâted i
n each complaint.The action so taken by the Concessionaire shall be briefly noted in the -Actiontaken' column of the Complaints Register and a suitable reply shall also be sent tothe Complainant by post under a certificate of posting.
*
*
4 l .4 W ithincalendar
photocopy of suchpages of thewhich any entries have been Complaints Register on
during the course of such month. NUAZXX Complaint on the concessionai
re1 may in its discretion dir
ecr tlaeconcessionaire to take such f'uro er reasonable action as NHAI may deemappropriate for a fair and just redressal of any grjevance
. w laere NI-IAJ js ot- tlaeopinion that the complainant is entitled to any further redressal or compensation
y
beyond what the concessjonaire is willing to provide NT-IAJ oay j.efer t?jys talatterro tlar
. consumer Redressal porum lla
vjng jurisdi tion for îts djsposal inaccordance wifh tjje provjafons o'I the consumer protec
f
tion Act, 1986.
recorded of
to NHAI a trueshall send month, the Concessionaireone week following the close of each
XLII. ADVERTISING ON THE SITE
This shall be governed by Applicableinstructions of GOI and NHAI
.
Laws, rules, rcgulations, guidelines and
XLIII. GOVERNING LAW AND JURISDICTION43
. l This Agrcement shall be construed and intel-preted in accordance with nndgoverned by the laws of India nncl the Cotlrts at New Delhi, India shall Ilavejuristl ict ion Ovel' Jt) 1 Illat ters arising ottt of o1- relati
ng to tl) is Agreernent .4 - l :1,1 i 1) g ( )j- &f q-e j.tl j. tf
.) Nftl ,(;# j'fit jvrjltjraj. sectjo n o/' lqj..l .j rt () pj j.j ( )rj- yjys j s S 5C-
hG/n c#% #,j. ed 'o foage l r)an (:n
.* 1. -#: J tkïu && x .z o. . <,e, zxwz . : : .,x
.e . ..r' /p Av twt- -.+ s ... j. A' 'eN. ,. . . :, *
Alatiotlal 7-//-:// Ifrtzp- Aulhority o.f /??#/W Concession Agreennent
XLIV. M ISCELANEOUS
*
Video Recording
During the Constl-uction Period. the Concessionaire shall provide a videorecording to NHAI every calendar quarter which witl be compiled into a 3 (three)hour cassette. covering the construction of the Project Highway in that quarter
.Such video recording shall be provided no later than fifteen days after the close ofeach quarter.
44.2 W aiver
W aiver by either Party of any default by other Party in the observance andperformance of any provision of or obligations under this Agreement.
shall not operate or be construed as a waiver of any other or
subsequent default hereof or of other provisions of or obligationsunder this Agreement;
(ii) shall not be effective unless it is in writing and executed by a dulyauthorised representative of the Party'
, and
(iii) shall not affect the validity or enforceability of this Agreement inany manner.
Neither the failure by either Party to insist on any occasion' upon theperformance of the tejms, conditions and provisions of this A
greement ojany cabligation thereunder nor time or other indulgence grartted by a Party
to the other Party shall be treated or deemed as waiver of such breach oracceptance of any variation or the relinquishment of
any such righ'thereunder.
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Survival
Termination of this Agreement (a) shall not relieve the Concessionaire or NHAIof any obligntions herennder which expressly or by implication sul'viveTermination hereof
, and (b) cxcept as otherwise provided in ûny provision of thisAgl'eellle/lt expressly linliting tlle liability of eitllet' Pal'ty
, shall not relieve eitlaer
4 - I a l , 1 1) g t)I- N'l'ctr l.ttt lt) N'ft.l z:t f I'J1 l I)a:;1l. scc t iof) o 1' 1,1 hl 5 8 f )n B ()-r bas 1 s v..-
- .
..vhk -- page j()4. )v%*Ay.% ..-W % zz .r #. -J</ 'G4. p. N, f'N f-,e x v #. kkb a:
v- -x ' 1 Q' z'p - .# ..,e .4 e' $... / )8 . '
c! -. je *e'v
'
. .- . . - *
Natiolml Higltways Atzzàtvïzy ofllldia C-ojlcession Agreelllent
Part y of Ctn y obl i gat ion s or l i ab i 1 i t 1 es fol' 1 oss (A'- (lkt 11 1 age tt) t I le 4-'ït 1 le r Part y a 1-1 s 1 n gottt of or caused by acts or onlissions of stlcl) Pêtl't y I'hy'it.3l- to t he ef fect i venesq of
such Terlnination or arisi ng oul of stlch Tel'n'ti nat itln .
All obl igations sulwiving the eancel lation, expirat ion or 'l-ernài nation o1- (his
Agreement shall only sulwive for a period of 5 (t-ive) years following the date ofsuch Termination. cancellation or expiry of this Agreement.
Entire Agreement'.
This Agreem ent ûnd the Schedules togctller constitute a com plete and excltlsive
statement of the ferms of the agreelnent between the Parties on the subject hereofand no amendmcnt or modification hereto sl4all be valid and effective unlessexpressly previously approved in writing by Nl1AI and executed by the personexpressly authorised by a resolution of NHA I in this behalf.
(
i.2 l
1
Notices
Any notic,e or other com m unication t() be given by Party to the other Party tlnder.or in connection with the m atters contem plated by this Agreennent shall be inwriting and shall;
(a) in the case of the Concessionaire. be given by letter delivered by hand tothe address given above and marked for the attention of the person set outopposite the corresponding signattlre below or to such other addressmarked for such other attention as the Concessionaire may from time totime designate by notice to NIIAI, provided that notiees or other
communications tcl be given to an address olltside New Delhi may (if tlleyare subsequently contirmed by sending ft copy thereof by first class
registered ainnail or by courier) be sent by t'acsimile to the number as theConcessionaire may from time to time designate by notice to NI'1Al', and
(b) in the case of Nl1AI, be given by letter delivercd by hand and beaddressed to the Chail-man, NHAI at the address given above.
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Copies of all notices shall also be sent by facsimile and by registeredacknowledgement due pre-paid post or courier.
Copies of :,11 notic-es shnll rtlso be sent to tlle Nl-lAI Representative.
i 1- I ' f 5.f a(7 r ( l t 1 ( ) N'f (1 z Jt f I'û1 1-11 a g ar sec t I t !, n t''.h t 1.k 1. I 5 8 (.) 4 3 f-1 ( )' l ' l 'la s l s - - -- a 91 1 11 p o t. .#
vxyy Q- ,1,-.w.Ays - zv .w qN 4 (:7è n o .g*
. 5..-.Q - to . .G. ttl
x. - j,.s w: .es s , q ... o!z. .. ? t ' )' J ; Zp zx.acJ . '. . / . y :p. ) ,j v jjp+
xft,1,
N'atiottal f/ïg'/i u,tz-y.ç A utltority of /'?pt//-f'l CoI ycess i' ,.$1 : z.-k.grese ln(:r) t
Severability
lf for any reason whatever any provision of tllis Agreement is or laeconAes invalid,
illegal or unenforceable or is declared by any coul-t of competent jtlrisdiction orany other instm mentality to be invalid, illegal or tlnenforceablev (he validity,legality or enforceabiiity of the renzaining provisions shall not be affected in any
manner, and the Parties will negotiate in gotnd faith with a view to agreeing one ormore provisions which may be substituted for such invalid, tlnenforceable or
illegal provisions. as nearly as is practicable to sueh iùvalid, illegal orunenforceable provision. Failure to agree upon any such provisions shall not be
subject to dispute resolution under this Agreement or otherwise.* ,
A k
4A.1 No Partnership
Nothing contained in this Agreement shall be constrtletl or interpreted l,sconstituting a partnership between the Parties. Neither Pnrty sllall have any
authority to bind the other in any manner whatsoever.
Language
AlI notices required to be given by one Pal'ty to the other Party and all othercommunications, documentation and proceedings which are in any way relevant
to this Agreement shall be in writing and in English language.
* 44.9 Exclusion of lmplied Warranties ete.This Agreement exprgssly excllldes any warranty, condition or other undvertakingimplied at law or by ctlstom or othckavise arising otlt of any other ngreementbetween the Parties or any representation by either Pal4y not contnined in a
binding legal agreement executed by botl) Parties.
Countem artsThis Agreement may be exccuted in two counterparts, each of wllich whenexecuted and delivered shall constittlte an original of this Agreement.
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Natlonal Hlghways ztw/zzlrztp oflndia Concession Agreement
IN W ITNESS W HEREOF 'ITIE, PARTIES IIAVE EXECUTED ANDDELIVERED 4T115 AGREEM ENT AS OF TIIE DA'I'E FIRST ABOVEW m TFEN.
A* '
SIGNED SEALED AND DELIVEREDFor and on behalf ofNATIONAL IHGHW AYS AUTHO RIW OF INDIA
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. ' h vGeneral M anager IBOTIIA % ' .
.>#. .... ' +NATIONAL HIGHW AYS AUTHORIW OF INDIA rW /eake'p.l
as its Authorised Represenotive
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SIGNED, SEALED AND DELIVERED
For and on behalf ofW ESTERN UP TOLLW AY LIM ITED
,TTIE CONCESSIONAIRE.
By:<
M akesh RalhanGeneral Manager ('Business Development)W ESTERN lJP TOLLW AY LIM ITED
.purstmnt to the resolutions of theBoard of Directors of the ConcessionaireP d in that behalf on the l 6'b day of May
s 2005ASSe
ln the presence of:
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