Extension of Time (EOT)

  • SPV vide letter dated 27th February 2014 requested IE to review its earlier recommendation for EOT for PCOD upto 17th January 2014 & COD upto 10th June 2014 on account of non-compliance of the obligations of NHAI, as mentioned in its earlier recommendation and further requested EOT upto 7th September 2015 i.e. for 986 days beyond the Scheduled 4-laining date (24th September 2012) i.e. an additional EOT of 363 days beyond 10th June 2014 (excluding monsoon period of 90 days) already recommended by IE vide their letter dated 5th August 2013. SPV also requested an independent EOT for 350 days for completion of works of ROB at Km 3+886 from the date of issue of COS notice and release of 20% advance payment as per the CA provisions.
  • IE vide letter dated 25thJune 2014 had recommended EOT upto 23rdOctober 2014 including all COS items. IE further recommended for signing supplementary agreement and if accepted Provisional certificate can be issued as and when test under Schedule-I are completed for the remaining stretch of the project Highway.
  • Concessionaire vide letter dated 4th July 2014 intimated to IE that its assessment towards Extension of Time is contradictory. Concessionaire stated that IE’s recommendation for signing a Supplementary agreement with NHAI for completion of balance works is not mandated by the Concession Agreement and shall damage the rights of the Concessionaire.
  • IE vide letter no 5091 dated 2nd August 2014 had revised the EOT recommendation upto 4th September 2014 excluding the hindrance stretches and COS. IE further stated that LD will be applicable if concessionaire fails to complete the available stretches before 3rd December 2014.Concessionaire submitted its comments on IE’s EOT determination stating IE’s assessment to be improper as it has not considered land Acquisition data.

Project Milestones

Project Milestone / Description
(% of project cost completed) / Number of Days / Date / Status
I / 10% (Commenced construction of Project Highway) / 270th Day of Appointed Date (25th Dec’2010) / Achieved
II / 35% (Commenced construction of all Bridges) / 455thDay of Appointed Date (27th June’2011) / Achieved
III / 70% (Commenced construction of all Project Facilities) / 650thDay of Appointed Date (08th Jan’2012) / 70% financial progress achieved on 23rd April 2013.*
IV / Scheduled Four laning date / 910thDay of Appointed Date (24th Sept’2012) / Interim EOT recommended by IE, upto 10th June’2014and PCOD upto 17thJan’2014.
Further EOT upto 6th Sep 2015 has been requested by the SPV.IE had recommended EOT till 4th September 2014.

*Case for Relaxation of Project Milestone III has been represented before NHAI as per prevailing land availability conditions.