KWTPLMonthly Progress Report September2015

Contents

CHAPTERS

ChapterDescription Page No.

  1. Executive Summary03–08
  2. Project Overview09 – 12
  3. Project Financials13 – 14
  4. Pre-Construction Activities15 – 16
  5. Designs & Drawings17 – 18
  6. Mobilization19 – 22
  7. Construction Activities23 – 24
  8. Project Progress25 – 27
  9. Change of Scope28 – 28
  10. Quality Control29 – 29

11.Road Safety, Traffic Management & Accident Data29 – 29

  1. Details of Submittal and Approvals30 – 31

13.Correspondence exchanged during the month31 – 31

  1. Visits and Meetings31 – 31

TABLES

TableDescription Page No.

1.1 Details of land handed over to Concessionaire till 14.03.201304 – 04

1.2 Summary of Road Progress-Four lane completed05 – 05

1.3Physical Progress of Road (MCW)05 – 05

1.4Physical Progress of Road (S.R.)05 – 05

1.5Progress of Works – Structures06 – 06

1.6Physical & Financial Progress08 – 08

2.1Project Milestone as Per Schedule G11 – 11

2.2Pavement Composition12 – 12

2.3Rigid Pavement Composition12 – 12

3.1Break of Total Project Cost13 – 13

3.2Source of Project Fund14 – 14

3.3Lender Details of Contribution14 – 14

3.4Expenditure / Contribution made by agency as on date September, 201514 – 14

4.1Details of land handed over to Concessionaire as on September, 201515 – 15

5.1Summary of Design and Drawings Status17 – 18

6.1Status of Plants / Crushers19 – 19

6.2Summary of Machineries / Vehicles Mobilization19 – 20

6.3Project Monitoring and Quality Control Team21 – 21

6.4List of Key Personnel of EPC Contractor22 – 22

8.1Drawn down Schedule25 – 25

8.2 Comparison of Financial Progress against planned vs achieved25 – 26

8.3IPC Certified as on date of EPC Contractor26 – 27

12.1Source Approvals30 – 31

14.1Visits31 – 31

14.2Meetings31 – 31

ANNEXURES

AnnexureDescription

1.0Project Location Map

4.1List of Obstacles and Encroachments

4.2Details of Tree Cutting

4.3Status of Electrical Shifting

4.4Status of Water Pipe Line Shifting

6.1Line Diagram of the Project

6.2List of Machinery and Vehicles

6.3List of Manpower

6.4SPV Organization chart

6.5EPC Organization chart

7.1Status of Pipe & Box Culverts, Minor Bridges, Underpasses, Major Bridges and Grade Separators

7.2Highway Physical Progress Chart

7.3List of Lab Equipments

7.4Statement of Monthly Quality Control Conducted

7.5Weather Report

8.1“S” Curve

8.2Progress Vs Achievement against Scope

8.3Progress Vs Achievement against Scope (Service Road)

8.4Linear Wise LHS & RHS Main Carriageway Status

8.5Linear Wise LHS & RHS Service Road Status

8.6Pictorial Drawings of Structures

8.7Strip Chart of Project Highway

10.0RFI Status

11.0 Accident Report

12.0Correspondence exchanged during the month

13.0 Photographs on Site Activities

CHAPTER 1: EXECUTIVE SUMMARY

1.1Brief Description of Project

National Highway No.47 (NH-47) is a 620 Km long highway running from Salem to Kanyakumari is an important artery passing through the States of Tamilnadu and Kerala and it passes through important towns such as Salem, Coimbatore, Palakkad, Thrissur, Kochi, Alappuzha, Kollam, Thiruvananthapuram, Nagerkoil and Kanyakumari. To provide better level of service to the vehicular traffic, the existing 2 lane carriageway road has been proposed to be widened to four lane dual carriage way including strengthening of the existing 2 lane carriage way.

Ministry of Shipping, Road Transport & Highways, Government of India, through National Highways Authority of India, have been contemplating to enhance the traffic capacity and safety of goods and passenger traffic on selected, heavy traffic dense corridors in India, and had identified one such stretch of road in Kerala State i.e., existing 2 lane highway of NH-47 between Walayar -Vadakkancherry Km. 182+250 to Km. 240+000, (approx. 54 Kms.) to 4 laning under NHDP Phase II.Project Location Map enclosed as Annexure 1.

Accordingly, NHAI invited Requests for Proposal (RFP) from short listing of Bidders in RFQ for 4 laning of above stretch of highway, on Design, Build, Finance, Operate and Transfer (“DBFOT”) Toll Basis, M/s. KNR Constructions Ltd. submitted their bid on 30th June, 2010, and become highest bidder.

National Authority of India (NHAI) has awarded the contract of four laning of existing road on NH-47 between Km.182.250 to Km.240.000, approximately 54 Km, under North – South Corridor (NHDP Phase-II), package KL2 on DBFOT (Toll) Basis in the State of Kerala, vide their letter no NHAI/Tech/NS-2/NH-47/BOT/KL-2/2006/07 dated 03.08.2012 by issuing Letter of Acceptance to the KNR Constructions Limited.

Consequent to the above, a Special Purpose Vehicle (SPV) was formed in the name of M/s. KNR Walayar Tollways Private Ltd., for implementation/execution of the project, registered under the companies act on 16th August 2012 and Concession Agreement dated 17th September 2012 is signed between M/s KNR Walayar Tollways Private Ltd (KWTPL) the Concessionaire. And M/s National Highways Authority of India (NHAI), the Employer.

NHAI Vide their letter No NHAI/Tech/NS-2/NH-47/BOT/KL-2/IE/2006/131 dated 21st May 2013 declared the appointed date as 18th May 2013 and was scheduled to be completed by 13th Nov 2015 (Construction period of 910 days).

Further NHAI Vide their letter No NHAI/11033/154/CGM(fin)/2013 dated 17thJuly 2013 declared the Financial closer for the project is achieved on 7th June 2013.

Subsequently, M/s. KWTPL, awarded Design and Execution of project to M/s. KNR Constructions Ltd. (Herein after called as “KNRCL”, as EPC Contractor, to execute the project under their Agreement dated: 28thNovember 2012 on Lum-sum Turnkey Basis.

1.2Salient Features of the Project

The salient features of the project are as under:

  • Date of agreement:17-09-2012
  • NHAI TPC:Rs. 682 crores
  • Concession Period:20 years including construction period.
  • Appointed Date:18-05-2013
  • Scheduled date of completion:13-11-2015
  • Construction period:910 days
  • Project Length:53.885 Kms (from Km 182.250 to Km 240.000)
  • Client:National Highways Authority of India
  • Consultant (IE):Artefact Projects Limited
  • Concessionaire:KNR Walayar Tollways Private Limited
  • EPC :KNR Constructions Limited
  • Date of EPC agreement:28-11-2012
  • Date of financial closure:16-03-2013 (Scheduled)
  • Date of financial closure:13-05-2013 (Actual)
  • EPC cost:Rs.790.50 Crores
  • Loan amount:500 Crores
  • Grant:264.60 Crores
  • Project Equity Capital:135.91 Crores
  • Concessionaire’s TPC:Rs. 900.51 crores
  • Lead Banker:Central Bank of India

1.3Status of Land Acquisition

The details of land handed over till is as given under detailed description is given Chapter 4 of this report.

Table 1.1 Details of land handed over to Concessionaire upto 14.03.2013

S. No. / Description / Area in Sqm / In %
1 / Required area to be made available / 2608539 / 100.00%
2 / Made available area at site as on 14.03.13 / 2406765 / 92.00%
3 / Area of ROW not made available / 201773 / 8.00%

1.4Physical Progress - Road

EPC contractor has taken up works in almost all hindrance free lands along the stretch. The Detailed status of physical progress of various items of road works is described in Chapter 7and the summary of road progress in Main Carriageway is as given below:

Table 1.2 Summary of Road Progress-Four lane completed

Sl. No. / Item / Total (Kms) / Completed (Kms) / Balance (Kms) / Percentage of Completion
1 / Embankment / 53.885 / 53.885 / 0.000 / 100.00%
2 / Subgrade / 53.885 / 53.885 / 0.000 / 100.00%
3 / Granular Sub Base / 53.885 / 53.885 / 0.000 / 100.00%
4 / Wet Mix Macadam / 53.885 / 53.885 / 0.000 / 100.00%
5 / Dense Bituminous Macadam / 53.885 / 53.885 / 0.000 / 100.00%
6 / Bituminous concrete / 53.885 / 53.885 / 0.000 / 100.00%

Table 1.3 Physical Progress of Road (MCW)

Sl No. / Item / Left Side / Right Side
Length
(Kms) / Comp.
(Kms) / Bal.
(Kms) / Length
(Kms) / Comp.
(Kms) / Bal.
(Kms)
1 / Embankment / 53.885 / 53.885 / 0.000 / 53.885 / 53.885 / 0.000
2 / Subgrade / 53.885 / 53.885 / 0.000 / 53.885 / 53.885 / 0.000
3 / Granular Sub Base / 53.885 / 53.885 / 0.000 / 53.885 / 53.885 / 0.000
4 / Wet Mix Macadam / 53.885 / 53.885 / 0.000 / 53.885 / 53.885 / 0.000
5 / Dense Bituminous Macadam / 53.885 / 53.885 / 0.000 / 53.885 / 53.885 / 0.000
6 / Bituminous concrete / 53.885 / 53.885 / 0.000 / 53.885 / 53.885 / 0.000

Table 1.4 Physical Progress of Road (Service Road)

Sl No. / Item / Left Side / Right Side
Length
(Kms) / Comp.
(Kms) / Bal.
(Kms) / Length
(Kms) / Comp.
(Kms) / Bal.
(Kms)
1 / Embankment / 25.695 / 25.695 / 0.000 / 23.885 / 23.625 / 0.260
2 / Subgrade / 25.695 / 25.695 / 0.000 / 23.885 / 23.625 / 0.260
3 / Granular Sub Base / 25.695 / 25.695 / 0.000 / 23.885 / 23.625 / 0.260
4 / Wet Mix Macadam / 25.695 / 25.695 / 0.000 / 23.885 / 23.625 / 0.260
5 / Dense Bituminous Macadam / 25.695 / 25.695 / 0.000 / 23.885 / 23.625 / 0.260
6 / Semi Dense Bituminous Concrete / 25.695 / 25.695 / 0.000 / 23.885 / 23.625 / 0.260

1.5Physical Progress – Structures

Work on Culverts (Pipe & Box), Bridges (Major and Minor), Flyover, Vehicular Underpasses and Cattle Underpasses have been started and all are completed, and the quality of works has been found to be satisfactory.

Grade Separator/Flyover at Km. 203+900 have been completed

2 Major Bridges at Km. 198+875 & 207+900, have been completed.

All the 12 Nos. of Minor Bridges have been completed.

Similarly,all the 4 No’s of CUPs and 7 Nos. of VUPs (i.e. including 3 No’s of VUP’s under Change of Scope) have been completed.

The cumulative progress of structural works till end of is as shown in the Table below:

Table 1.5. Progress of works – Structures

Sl. No / CD Work / Bridges / Total
in Nos. / Completed
in Nos. / Balance
in Nos.
1 / Culverts
I / Pipe culverts / 58 / 58 / -
II / Box Culverts – Widening / 116 / 116 / -
III / Box Culverts – Reconstruction / 19 / 19 / -
2 / Grade Separators @ Km. 203+900
I / Foundation / 16 / 16 / -
II / Sub structure / 16 / 16 / -
III / Super structure / 15 / 15 / -
IV / Approach slab, Crash Barrier / 2 / 2 / -
3 / Major Bridges
(A) / Km.198+890
I / Foundation / 5 / 5 / -
II / Sub structure / 5 / 5 / -
III / Super structure / 4 / 4 / -
IV / Approach slab, Crash Barrier / 2 / 2 / -
(B) / Km.207+900
I / Foundation / 9 / 9 / -
II / Sub structure / 9 / 9 / -
III / Super structure / 8 / 8 / -
IV / Approach slab, Crash Barrier / 2 / 2 / -
4 / ROB
I / Foundation / 2 / 2 / -
II / Sub structure / 2 / 2 / -
III / Super structure / 1 / 1 / -
IV / Approach slab, Crash Barrier / 2 / 2 / -
5 / Minor Bridges – 12 numbers
I / Foundation / 33 / 33 / -
II / Sub structure / 33 / 33 / -
III / Super structure / 21 / 21 / -
IV / Approach slab, Crash Barrier / 24 / 24 / -
6 / VUP
I / Foundation / 26 / 26 / -
II / Sub structure / 26 / 26 / -
III / Super structure / 13 / 13 / -
IV / Approach slab, Crash Barrier / 26 / 26 / -
7 / CUP
I / Foundation / 8 / 8 / -
II / Sub structure / 16 / 16 / -
III / Super structure / 8 / 8 / -
IV / Approach slab, Crash Barrier / 16 / 16 / -

1.6Change of Scope

Concessionaire identified the COS and value of Change of Scope proposed and recommended by NHAI. Detailed description on change of scope is given under Chapter 9 of this report.

1.7Equity Support from NHAI (Grant)

Particulars / Amount
1st Tranche / 89,90,00,728.00
2nd Tranche / 59,47,14,693.00
3rd Tranche / 39,32,30,746.00
4th Tranche / 26,03,35,753.00
5th Tranche / 17,22,44,743.00
6th & Final Tranche / 32,64,73,337.00
Total Grant released as on date: / 264,60,00,000.00
Total Grant to be released: / 264,60,00,000.00
% of Grant released as on date: / 100.00%

1.8Physical & FinancialProgress

Financial progress of work based on EPC cost terms is given below

Table 1.6. Physical & Financial Progress

Description / Till last month
(August 2015) / During the Month
(September 2015) / Up to Date
Cum. Planned / Cum Achieved / Planned / Achieved / Cum. Planned / Cum Achieved
Physical Progress / 94.53% / 97.63% / 2.63% / 1.94% / 97.16% / 99.57%
Financial Progress / 94.22% / 98.38% / 2.78% / 1.52% / 96.99% / 99.90%

Physical Progress achieved as on September 2015 – 99.57% against 97.16% planned.

Financial Progress achieved as on September 2015 – 99.90% against 96.99% planned.

1.9Constraints

There are no factors seen as on date which can negatively influence the project completion. However the delay in handing over of Balance Land, and any delay in approval Change of scope may leads subsequent delay in project completion. There is no such risks are also identified as on date.

CHAPTER 2: PROJECT OVERVIEW

2.1Agencies Involved

  • Client:General Manager (Kerala)

National Highways Authority of India,

G5 & 6, Sector – 10, Dwaraka,

New Delhi – 110 075.

  • PIU :Project Director,

National Highways Authority of India,

Project Implementation Unit (PIU),

No. 8/1187, Arumughan Colony,

Chandranagar, Palakkad, Kerala – 678 007.

  • Independent Engineer:Artefact Projects Limited

Head office :“Artefact Towers”, 54/3, Chhatrapati Square,

Wardha Road, Nagpur – 440 015 (Maharashtra)

Site office:“SRIVATSAN" 6/642, Chandranagar Extn.,

Pirivusala, Palakkad – 678 007

  • Concessionaire:KNR Walayar Tollways Pvt. Ltd, (KWTPL)

Head OfficeKNR House, 3rd & 4th Floor,

Plot No. 114, Phase-I, Kavuri Hills,

Jubilee Hills, Hyderabad – 500 033,

Andhra Pradesh.

  • Site Office:KNR Walayar Tollways Pvt. Ltd, (KWTPL)

Opp. Walayar Police Station,

Vattappara, Walayar Dam Post,

Palakkad – 678 624,

Kerala.

  • Lead Banker: Central Bank Of India

Corporate Finance Branch,

Bank Street, Koti, Hyderabad-500095

  • Lenders Independent Engineer (LIE):M/s. Feedback Infra Limited, Bengaluru

No.93, K.H. Road,

Opp. KSRTC Central Office,

Bangalore – 560027

  • Lenders Legal Council (LLC):M/s. India Law Services, New Delhi

Thapar House, Central Wing, First Floor,

124 JANPATH, New Delhi 110001

  • Lenders Insurance Advisor (LIA):M/s. India Insurance Risk Management &

Insurance Broking Services Pvt. Ltd.,

405, Archana Arcade, St. John’s Road, Secunderabad – 500 025 (Andhra Pradesh)

2.2Scope of Work of concessionaire

The scope of works involves – Four laning of Walayar Vadakkancherry section from Km 182.250 to Km 240.000 on NH-47 in the State of Kerala. The work shall, include the following:

i)Construction of the Project Highway on the Site set forth in Schedule-A and as specified in Schedule-B together with provision of Project Facilities as specified in Schedule-C, and in conformity with the Specifications and Standards set forth in Schedule-D, all in the Concession agreement dated 17th September 2012;

ii)Operation and maintenance of the Project Highway in accordance with the provisions of this Agreement dated 17th September 2012; and

iii)Performance and fulfilment of all other obligations of the Concessionaire in accordance with the provisions of the Concession Agreement and matters incidental thereto or necessary for the performance of any or all of the obligations of the Concessionaire under Concession Agreement.

2.3Salient Features of the Project

The salient features of the project are as under:

2.3.1Project Details

  • Name of Project:Four Laning of Walayar – Vadakancherry Section in Kerala from Km. 182.250 (Design Chainage Km. 182.250) to Km. 240.000 (Design Chainage Km. 236.135) of NH-47 – Package NS-2/BOT/KL-2 on DBFOT (Toll) Basis under NHDP Phase II. (Total Length 53.885 Kms)
  • Construction Package No.:NS-2/BOT/KL-2.
  • Performance Security:Rs. 34.10 Crores, (To be Refunded after 1 year or earlier upon expending 20% of the Total Project Cost i.e. 136.40 Crores)

2.3.2Project Timelines

  • Date of Submission of Bid:30th June, 2010
  • Date of LOA: 03rd August, 2012
  • Date of Concession Agreement : 17th September, 2012
  • Appointed Date: 18th May, 2013
  • Construction Period: 910 Days
  • Scheduled Project Completion Date:13th November, 2015
  • Date of COD:18-05-2015, Provisional Completion

Certificate forpartial length of the

Project i.e. 46.750 Kms out of 53.885

Kms (86.76%) has been issued by the Independent Engineer on 18-05-2015, and collection ofUser Fee (Toll) started on 23-05-2015.

  • Anticipated Date of COD for 100%

Project length:10-10-2015

  • Concession Period: 20 Years (Including Construction Period)
  • End of Concession Period:17th May 2033

2.3.3Project Mile stones

Under the provisions of concession agreement as per SCHEDULE - G concessionaire shall achieve the mile stone progress as given under in Table 2.1

Table 2.1 Project Mile stones as per Schedule – G

Sl No. / Mile stone / Target Date / Target Percentage / Achieved
Percentage on Target Date
1 / I / 180 Days from the Appointed date / 10% / 17.08%
(November 13, 2013)
2 / II / 400 Days from the Appointed Date / 35% / 58.66%
(June 21, 2014)
3 / III / 650 Days from the appointed date / 70% / 99.90%
(As on Sep 30, 2015)
(February 26, 2015)
4 / IV / 910 Days from the Appointed date / 100% / N.A.
(November 13, 2015)

2.4Geometric Features of the Main Carriageway

  • Project Length:53.495 Kms
  • Service Roads:As per CA:47.230 Kms

Change of Scope:02.350 Kms

Total:49.580 Kms

  • Widening Pattern as per (Given in CA)

a)Concentric:28.857 Kms.

b)Eccentric:LHS:13.578 Kms

RHS:11.450 Kms

Total:53.885 Kms

  • Design speed:100 KMPH (except few locations)
  • Main Carriageway Width:7.25 m
  • Median:Varying from 1.5m to 4.50 m
  • Paved Shoulder:1.50 m
  • Earthen Shoulder:1.50 m
  • Minimum Camber:2.5%
  • Maximum Camber at curves:7.0%
  • Service Road Width:7.0 m
  • Length of Service Road:49.580 Kms

2.5Provisions as Schedule B & Schedule C

  • Major Bridges:2 Nos.
  • Minor Bridges: 12 Nos.
  • ROB’s:1 No.
  • VUP’s:7 Nos. (including 3 Nos. in Change of Scope)
  • CUP’s:4 Nos.
  • Culverts:Pipe Culverts:051 Nos.

Box Culverts (Widening): 122 Nos.

Box Culverts (Reconstruction):020 Nos.

Total (i.e. including COS):193 Nos.

  • Toll Plaza:1 No. (@Km. 189+370)
  • Major Intersections:9 Nos.
  • Minor Intersections:36 Nos.
  • Grade Separated Intersections:1 No.
  • HTMS: Not required till Traffic Reaches 40,000 PCU

2.6Pavement Composition

Pavement Design (revised) is completed and submitted to NHAI/IE vide letter no. KWTPL/HO/KL-2/NHAI/2013/222 dated 12th October 2013and has been approved by the Independent Engineer vide letter No. IE/APL/NH-47/2013/153 dated 18th October 2013 and the pavement composition is given in Table 2.2 as follows:

TABLE 2.2: Pavement Composition

Homogeneous Section / HS-01 / HS-02
Design Chainage (From -To) / 182.250 - 204.000 / 204.000 -236.140
Design CBR in % / 10 / 10
Design Traffic in MSA / 73 / 76
(15 yrs) / (15 yrs)
BC in mm / 50 / 50
DBM in mm / 120 / 120
WMM in mm / 250 / 250
GSB in mm / 200 / 200
Subgrade in mm / 500 / 500

Rigid pavement composition at tollplaza location is shown as under in Table 2.3 :

TABLE 2.3 RIGID PAVEMENT COMPOSITION

Layer / Thickness (Tentative)
PQC / 300 mm
DLC / 150 mm
GSB / 150 mm
Sub Grade / 500mm

CHAPTER 3: PROJECT FINANCIALS

3.1Total Project Cost (TPC) Breakup

Based on the available data it is learnt that NHAI under taken the feasibility study of the project in the year 2004 and subsequently made various additions and deletions from the original proposal and in the year 2010 the NHAI calculated the Total Project cost as Rs 682 crores. Due to various reasons award of the project was delayed and concession agreement was signed on 17th September 2012 and appointed date (construction start date) is fixed on 18thn May 2013. Based on the current construction material rates and lenders interest rates concessionaire assessed the TPC of project is Rs 900.51 crores accordingly Financial close was achieved.

As per Financial Close and the Approved Financial model Total project cost of concessionaire breakup is shown in Table 3.1, below:

TABLE 3.1 Breakup of Total Project Cost

Description / Amount
in Rs. Cr.
EPC Costs
Civil Construction Costs / 775.00
Contingency (as % of Civil Construction Costs / 15.50
Total EPC Cost / 790.50
Non – EPC Cost
Insurance during Construction / 2.37
Preliminary Exp. / 7.75
Other SPV Overheads / 17.44
Total Non-EPC Cost / 27.56
Premium to be paid on COD / 0
Total Capital Cost (excluding IDC) / 818.06
Interest During Construction (IDC) / 82.46
Total Project Cost (including IDC) / 900.51

3.2Project Funding

As stated above the total project cost is estimated to be Rs.900.51 crores including Rs 790.5 crores towards Cost of construction, Interest during construction, SPV over heads and Independent Engineer costs etc. The project cost is to be mobilised by loan from the Lender, Sub-debt and Equity.

The entire project cost is envisaged to be funded in the pattern with a debt equity ratio of 1.25:1. There is a component of interest free equity support from NHAI amounting to Rs.264.60 Cr to be used for implementation of the project. Concessionaire’s arrangement for project Funding is given under Table 3.2.

TABLE 3.2 Sources for Project Fund

Particulars / Amount / %
(Rs. Crores)
KNR CL (Promoter’s Equity) / 135.91 / 15.09% of TPC
Grant ( By NHAI) / 264.60 / 29.38% of TPC
Senior Debt (Loan) / 500.00 / 55.52% of TPC
Total Project Cost / 900.51 / 100%

3.3Debt arrangement

As shown in Table 3.2 or successful completion of the project an amount of Rs 500 crores is required in the form of loan (senior Debt). Based on the proposal given by Concessionaire the consortium of Banks granted a loan of Rs 500 crores to the Project, lenders details and their contribution is given under Table 3.3 below;

TABLE 3.3 Lender details & Contributions

Sl No. / Bank Name / Amount of Contribution / Remarks
(Rs. Crores)
1 / Central Bank of India / 175 / Lead Bank
2 / Bank of India / 100 / Consortium Bank
3 / Corporation Bank / 90 / Consortium Bank
4 / Canara Bank / 85 / Consortium Bank
5 / Vijaya Bank / 50 / Consortium Bank
Total Loan Amount / 500

3.4Expenditure

Expenditure/Contribution towards project made by the agencies as on is shown in table 3.4 below:

TABLE 3.4 Expenditure / Contributions made by agencies as on date

Particulars / Total committed contribution / Contributed/ Expenditure made till date / %
(Rs. Crores)
KNRCL (Promoter’s Equity) / 135.91 / 135.91 / 100.00%
Grant (By NHAI) / 264.60 / 264.60 / 100.00%
Senior Debt (Loan) / 500.00 / 469.00 / 93.80%
Total including interest (in crores) / 900.51 / 869.51 / 96.56%

CHAPTER 4: PRE CONSTRUCTION ACTIVITIES

4.1Land acquisition

As per clause 10.3.2 under Article 10 of the Concession agreement, the authority has to handover 80% or more of land required for four laning of the project highway before or on appointed date. Clause 10.3.1 requires Authority and Concessionaire to jointly inspect the site and prepare a memorandum which includes an inventory of vacant and unencumbered land, buildings, structures, road works, trees etc. It must also have an Annexure showing parts of site where vacant access and right of way have not been handed over to the client.

A memorandum of inventory was signed on the 14th March 2013 by the Authority, Concessionaire and the EPC Representative mentioning that 92% of land is available and only 8% is to be handed over. As per Clause 10.3.2 of CA, at least 80% of the land shall be handed over on or prior appointed date.

The details of land handed over till is as given under in Table 4.1:

Table 4.1 Details of land handed over to Concessionaire as of September’2015

S. No. / Description / Side / Total
LHS (Sqm) / RHS (Sqm)
1 / Total Land to be Made available / 1124015 / 1484524 / 2608539
2 / Area Handed over up to August ' 2015 / 1123289 / 1484524 / 2607813
3 / Area made available in September’ 2015 / 726 / 0 / 726
4 / Balance land yet to be made available / 0 / 0 / 0
% of Land to be made Available / 0.00%

4.2Shifting of Utilities

As per the provisions of CA, 80% of Hindrance free land shall be handed over to the concessionaire on appointed date. The Project is affected by the presence of Tress, Electric Poles, and Water Supply lines. These have to be removed for work to be taken up.

4.2.1Tree Cutting

The tree cutting has been already awarded by NHAI directly to third party agency, and tree cutting is in progress. There are approximately 4365 trees to be cut in the project highway and all are removed.

4.2.2Utility Shifting- Electrical

Regarding electrical lines, Kerala State Electricity Board (KSEB) has furnished 9 Nos of estimates for shifting electrical utilities in the divisions of Palakkad, Chitur and Alathur for an amount of Rs.4.156 Cr. Further PIU,NHAI vide their letter no NHAI/PD/Palakkad/KL-2/352 Dt 4th March 2013 entrusted the work of shifting of electrical lines is given to the concessionaire at KSEB approved rates. Concessionaire entrusted the shifting of Electrical to EPC Contractor under variation item. As per approved estimate NHAI paid Supervision charges to KSEB. The shifting of electrical utilities has been started and completed by the EPC contractor.Status of the same is enclosed as Annexure 4.1