Jharkhand Gazette, No. 65, 06 February 2023

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झारख(cid:214)ड गजट

असाधारण अंक

झारख(cid:214)ड सरकार (cid:622)वारा (cid:292)का(cid:871)शत

17 माघ, 1944 (श०)

सं(cid:201)या – 65 राँची, सोमवार, 6 फरवर(cid:547), 2023 (ई०) नगर (cid:874)वकास एवं आवास (cid:874)वभाग

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संक(cid:227)प

1 जनवर(cid:547), 2022

(cid:874)वषयः- झारख(cid:214)ड रा(cid:207)य म(cid:581) Bus Terminal/ISBT के (cid:874)वकास/पुन(cid:91)(cid:874)वकास के (cid:871)लए (cid:467)नजी भागीदार(cid:547) हेतु

(cid:292)(cid:232)ता(cid:874)वत लोक (cid:467)नजी भागीदार(cid:547) नी(cid:467)त पर (cid:232)वीकृ (cid:467)त (cid:292)दान करने के संबंध म(cid:581) ।

सं(cid:201)या-जुडको (cid:871)ल(cid:871)मटेड/पी०पी०पी०/बस (cid:232)टै(cid:214)ड/1038/2016/240--74व(cid:581) सं(cid:874)वधान संशोधन क(cid:551) मूल अवधारणा के अनु(cid:510)प रा(cid:207)य के शहर(cid:547) (cid:162)े(cid:287)(cid:585) म(cid:581) (cid:467)नवास करने वाले नाग(cid:464)रक(cid:585) को समु(cid:876)चत नाग(cid:464)रक सु(cid:874)वधाएँ उपल(cid:222)ध कराने एवं सु(cid:467)नयोिजत (cid:510)प से शहर(cid:585) के (cid:874)वकास के (cid:871)लए नगर (cid:874)वकास एवं आवास (cid:874)वभाग (cid:292)(cid:467)तब(cid:424) है। इस उ(cid:423)े(cid:230)य क(cid:551) पू(cid:467)त(cid:91) हेतु नगर (cid:874)वकास एवं आवास (cid:874)वभाग, शहर(cid:547) (cid:232)थानीय (cid:467)नकाय(cid:585) के मा(cid:218)यम से शहर(cid:547) (cid:162)े(cid:287)(cid:585) म(cid:581) (cid:874)व(cid:871)भ(cid:219)न के (cid:219)(cid:289) (cid:292)ायोिजत एवं रा(cid:207)य योजना के मा(cid:218)यम से सतत ् (cid:292)यासरत है ।2 झारख(cid:214)ड गजट (असाधारण) सोमवार, 6 फरवर(cid:547), 2023 2. 74व(cid:581) सं(cid:874)वधान संशोधन के आलोक म(cid:581) शहर(cid:547) (cid:232)थानीय (cid:467)नकाय(cid:585) के संवैधा(cid:467)नक दा(cid:467)य(cid:215)व काफ(cid:551) बढ़ गए ह(cid:583) और शहर(cid:547)करण क(cid:551) बढ़ती (cid:292)वृ (cid:467)त के कारण शहर(cid:585) म(cid:581) जनसं(cid:201)या का दबाव एवं शहर(cid:585) के बल पर (cid:874)व(cid:232)तार से अनेक नगर(cid:547)य सम(cid:232)याएँ उ(cid:215)प(cid:219)न हो गयी ह(cid:583)। अपने सी(cid:871)मत संसाधन(cid:585) एवं अ(cid:227)प- आय के बल पर शहर(cid:547) (cid:232)थानीय (cid:467)नकाय अपने (cid:162)े(cid:287)(cid:585) म(cid:581) आधारभूत संरचनाएँ उपल(cid:222)ध कराने म(cid:581) असमथ(cid:91) महसूस कर रहे ह(cid:583) ।

3. उपयु (cid:91)(cid:200)त प(cid:464)र(cid:292)े(cid:234)य म(cid:581) यह अ(cid:467)नवाय(cid:91) हो गया है (cid:873)क रा(cid:207)य के (cid:874)व(cid:871)भ(cid:219)न शहर(cid:547) (cid:232)थानीय (cid:467)नकाय(cid:585) म(cid:581) शहर(cid:547) आधारभूत संरचनाओं के (cid:874)वकास हेतु (cid:467)नजी (cid:162)े(cid:287) क(cid:551) स(cid:873)(cid:272)य भागीदार(cid:547) सु(cid:467)नि(cid:230)चत क(cid:551) जाए। इस (cid:272)म म(cid:581) (cid:467)नजी (cid:162)े(cid:287) के (cid:622)वारा (cid:467)नजी पू ंजी (cid:467)नवेश करते हु ए न के वल आधारभूत संरचनाओं को (cid:874)वक(cid:871)सत (cid:873)कया जाएगा बि(cid:227)क उनके संचालन एवं (cid:292)बंधन हेतु बेहतर (cid:229)यव(cid:232)था (cid:292)दान क(cid:551) जा सके गी ।

लोक (cid:467)नजी भागीदार(cid:547) क(cid:551) (cid:229)यव(cid:232)था अपनाये जाने के फल(cid:232)व(cid:510)प (cid:874)व(cid:871)भ(cid:219)न आधारभूत संरचनाओं के (cid:467)नमा(cid:91)ण हेतु रा(cid:207)य (cid:467)न(cid:876)ध पर भी कम भार पड़ेगा तथा रा(cid:207)य के (cid:467)नवा(cid:871)सय(cid:585) को सृ िजत क(cid:551) गई प(cid:464)रस(cid:224)प(cid:467)तय(cid:585) का लाभ शी(cid:275) (cid:292)ा(cid:220)त हो सके गा ।

4. उपयु (cid:91)(cid:200)त प(cid:464)र(cid:292)े(cid:234)य म(cid:581) झारख(cid:214)ड सरकार (cid:622)वारा झारख(cid:214)ड अब(cid:91)न इं(cid:293)ा(cid:232)(cid:282)(cid:200)चर डेवलपम(cid:581)ट कं पनी (जुडको) (cid:871)ल(cid:871)मटेड को लोक (cid:467)नजी भागीदार(cid:547) (PPP) मोड पर झारख(cid:214)ड म(cid:581) Bus Terminal/ISBT प(cid:464)रयोजनाओं के (cid:874)वकास के (cid:871)लए Mandate (cid:465)दया गया है ।

5. उ(cid:200)त Mandate को सफलतापूव(cid:91)क (cid:467)न(cid:231)पादन हेतु नी(cid:467)त (cid:467)नमा(cid:91)ण हेतु (cid:467)नदेशक, रा(cid:207)य शहर(cid:547) (cid:874)वकास अ(cid:871)भकरण, झारख(cid:214)ड क(cid:551) अ(cid:218)य(cid:162)ता म(cid:581) एक स(cid:871)म(cid:467)त का गठन (cid:873)कया गया है, िजसके सद(cid:232)य (cid:467)न(cid:224)नव(cid:215)त हैः-

(i) (cid:467)नदेशक, रा(cid:207)य शहर(cid:547) (cid:874)वकास अ(cid:871)भकरण झारख(cid:214)ड - अ(cid:218)य(cid:162)

(ii) (cid:302)ी संजय (cid:466)बहार(cid:547) अ(cid:224)ब(cid:231)ठ, संयु(cid:200)त स(cid:876)चव,

नगर (cid:874)वकास एवं आवास (cid:874)वभाग, झारख(cid:214)ड - सद(cid:232)य

(iii) नगर (cid:467)नवेशक, नगर (cid:467)नवेशन संगठन, झारख(cid:214)ड - सद(cid:232)य

(iv) प(cid:464)रयोजना (cid:467)नदेशक ((cid:874)व(cid:215)त), जुडको (cid:871)ल(cid:871)मटेड - सद(cid:232)य स(cid:876)चव

(v) महा(cid:292)बंधक (लोक काय(cid:91)), जुडको (cid:871)ल(cid:871)मटेड - सद(cid:232)य

(vi) उप-स(cid:876)चव, राज(cid:232)व (cid:467)नबंधन एवं भू(cid:871)म सुधार (cid:874)वभाग,

झारख(cid:214)ड,राँची - सद(cid:232)य

उ(cid:200)त स(cid:871)म(cid:467)त (cid:622)वारा वां(cid:467)छत लोक (cid:467)नजी भागीदार(cid:547) पर नी(cid:467)त (cid:467)नमा(cid:91)ण कर (cid:292)(cid:232)तुत (cid:873)कया गया है, िजसे (cid:506)ि(cid:231)टगत रखते हु ए चय(cid:467)नत (cid:467)नजी भागीदार के (cid:622)वारा नगर (cid:874)वकास एवं आवास (cid:874)वभाग के साथ लोक (cid:467)नजी भागीदार(cid:547) के आधार पर Design, Built, Finance, Operate and Transfer (DBFOT) प(cid:424)(cid:467)त के आधार पर बस पड़ाव(cid:585) को (cid:874)वक(cid:871)सत/पुन(cid:874)व(cid:91)कास (cid:873)कये जा सक(cid:581) गे ।

6. नगर (cid:874)वकास एवं आवास (cid:874)वभाग के (cid:232)व(cid:871)म(cid:215)व भू(cid:871)म िजसके (cid:871)लए (cid:876)चि(cid:219)हत क(cid:551) गई भू(cid:871)म म(cid:581) से व(cid:872)णि(cid:207)यक भु(cid:871)म पास(cid:91)ल को Project wise (cid:292)शास(cid:467)नक (cid:232)वीकृ (cid:467)त के दौरान Financial Viability analysis के आधार पर तय (cid:873)कये गये समय जो 30 वष(cid:91) या उससे अ(cid:876)धक एवं 90 वष(cid:91) या उससे कम के अंतग(cid:91)त ल(cid:547)ज पर ऐसे (cid:467)नजी भागीदार को ह(cid:232)तांत(cid:464)रत (cid:873)कया जायेगा ।3 झारख(cid:214)ड गजट (असाधारण) सोमवार, 6 फरवर(cid:547), 2023 7. लोक (cid:467)नजी भागीदार के आधार पर (cid:467)न(cid:871)म(cid:91)त (cid:873)कये जाने वाले बस पड़ाव(cid:585) मे एक(cid:551)कृ त बस ट(cid:871)म(cid:91)नल- सह-(cid:229)यवसा(cid:467)यक सु(cid:874)वधाओं का (cid:467)नमा(cid:91)ण कराया जायेगा। साथ ह(cid:547) (cid:229)यवसा(cid:467)यक (cid:162)े(cid:287) म(cid:581) संरचनाओं को (cid:467)नजी भागीदार के (cid:622)वारा सबल(cid:547)ज (cid:873)कया जा सके गा ।

8. झारख(cid:214)ड रा(cid:207)य म(cid:581) Bus Terminal/ISBT के (cid:874)वकास/पुन(cid:874)व(cid:91)कास के (cid:871)लए (cid:467)नजी (cid:162)े(cid:287) क(cid:551) भागीदार(cid:547) (PPP) को बढ़ावा देने के (cid:871)लए उ(cid:200)त नी(cid:467)त म(cid:581) नगर (cid:874)वकास एवं आवास (cid:874)वभाग/जुडको (cid:622)वारा (cid:467)न(cid:224)न(cid:871)ल(cid:872)खत दा(cid:467)य(cid:215)व(cid:585) को अपनाये जाय(cid:581)गे:-

8.1. नगर (cid:874)वकास एवं आवास (cid:874)वभाग का दा(cid:467)य(cid:215)वः

• (cid:874)वकास के (cid:871)लए अ(cid:467)त(cid:272)मण मु(cid:200)त भू(cid:871)म/प(cid:464)रयोजना (cid:232)थल क(cid:551) उपल(cid:222)धता सू(cid:467)नि(cid:230)चत ् (cid:873)कया जायेगा ।

• आव(cid:230)यक प(cid:464)रयोजना से संबं(cid:876)धत अनुमोदन एवं मंजूर(cid:547) (cid:292)ा(cid:220)त करने मे (cid:467)नजी भागीदार को सु(cid:874)वधा (cid:292)दान (cid:873)कया जायेगा ।

• प(cid:464)रयोजना अव(cid:876)ध के दौरान राज(cid:232)व के (cid:874)वकास/संचालन एवं रख-रखाव एवं सं(cid:274)ह के (cid:871)लए (cid:464)रयायत (cid:292)दान (cid:873)कया जायेगा ।

• (cid:467)नजी भागीदार को भू(cid:871)म क(cid:551) वा(cid:872)णि(cid:207)यक (cid:465)ह(cid:232)से म(cid:581) अ(cid:876)धकतम FAR तीन (3) तक अनुम(cid:467)त द(cid:547) जायेगी ।

• (cid:219)यूनतम (cid:874)वकास दा(cid:467)य(cid:215)व (MDO) के भीतर (cid:874)व(cid:163)ापन, उपयोगक(cid:215)ता(cid:91) शु(cid:227)क एवं स(cid:162)म (cid:232)तर से अनुमोदन के उपरांत अ(cid:219)य कर लेने का अ(cid:876)धकार (cid:465)दया जायेगा ।

• (cid:467)नजी भागीदार के (cid:622)वारा सम(cid:874)प(cid:91)त (cid:873)कये गये DPR पर अनुमोदन (cid:465)दया जायेगा । • (cid:219)युनतम (cid:874)वकास दा(cid:467)य(cid:215)व (MDO) से संबं(cid:876)धत भु(cid:871)म पास(cid:91)ल पर (cid:467)नजी भागीदार(cid:547) को License Right (cid:465)दया जायेगा। साथ ह(cid:547) (cid:219)युनतम (cid:874)वकास दा(cid:467)य(cid:215)व (MDO) से संबं(cid:876)धत भु(cid:871)म पास(cid:91)ल पर License Right का समय सीमा वा(cid:872)णि(cid:207)यक भु(cid:871)म से संबं(cid:876)धत ल(cid:547)ज Right के समय सीमा के बराबर रखा गया है ।

• कु ल (cid:876)चि(cid:233)नत भु(cid:871)म म(cid:581) से (cid:219)युनतम (cid:874)वकास दा(cid:467)य(cid:215)व (MDO) से संबं(cid:876)धत भु(cid:871)म पास(cid:91)ल को हटा कर के वल वा(cid:872)णि(cid:207)यक सु(cid:874)वधा (cid:874)वक(cid:871)सत करने संबं(cid:876)धत भु(cid:871)म पास(cid:91)ल [Commercial Land as defined under clause 2.4(a) of the Proposed Policy] पर (cid:467)नजी भागीदार को Lease Right (cid:465)दया जाएगा। (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त म(cid:581) वा(cid:872)णि(cid:207)यक सु(cid:874)वधा (cid:874)वक(cid:871)सत करने से संबं(cid:876)धत भु(cid:871)म पास(cid:91)ल पर 30 वष(cid:91) से 90 वष(cid:91) तक के अंदर ल(cid:547)ज के (cid:292)ावधान का (cid:292)(cid:232)ताव है। िजसके फल(cid:232)व(cid:510)प Project Wise (cid:292)शास(cid:467)नक (cid:232)वीकृ (cid:467)त के दौरान Financial Viability Analysis के आधार पर उ(cid:200)त समय सीमा के अंदर Lease Period का Fixation (cid:873)कया जाएगा ।

8.1.2. (cid:467)नजी भागीदार का दा(cid:467)य(cid:215)वः

• झारख(cid:214)ड सरकार (cid:622)वारा अनुमो(cid:465)दत अवधारणा नोट के आधार पर (cid:874)व(cid:232)तृ त प(cid:464)रयोजना (cid:292)(cid:467)तवेदन (DPR) पुर(cid:232)कार प(cid:287) जार(cid:547) करने के तार(cid:547)ख से 3 मह(cid:547)ने के भीतर (cid:292)(cid:232)तुत (cid:873)कया जायेगा ।

• समझौते के अनुसार समय सीमा के भीतर झारख(cid:214)ड सरकार (cid:622)वारा अनुमो(cid:465)दत (DPR) के अनुसार (cid:219)यूनतम (cid:874)वकास दा(cid:467)य(cid:215)व (MDO) को पूण(cid:91) (cid:873)कया जायेगा ।4 झारख(cid:214)ड गजट (असाधारण) सोमवार, 6 फरवर(cid:547), 2023 • वा(cid:874)ष(cid:91)क (cid:464)रयायत शु(cid:227)क या अप(cid:293)ं ट (cid:874)(cid:292)(cid:871)मयम DPR के अनुमोदन के तार(cid:547)ख से 1 मह(cid:547)ने के भीतर शु(cid:510) (cid:873)कया जायेगा ।

• समझौते के अनुसार समय सीमा के भीतर Commercial एक(cid:551)कृ त वा(cid:872)णि(cid:207)यक सु(cid:874)वधा का (cid:874)वकास (cid:873)कया जायेगा ।

• (cid:467)नजी भागीदार (cid:622)वारा MDO के संचालन एवं (cid:292)बंधन (cid:873)कया जाएगा। ड(cid:200)व ् के संचालन एवं (cid:292)बंधन का दा(cid:467)य(cid:215)व का समय सीमा वा(cid:872)णि(cid:207)यक भू(cid:871)म के ल(cid:547)ज के समय सीमा के बराबर होगी ।

• Bus Terminal/ISBT के पुन(cid:91)(cid:874)वकास क(cid:551) ि(cid:232)थ(cid:467)त म(cid:581) ज(cid:510)रत पड़ने पर मौजुदा लोग(cid:585) (cid:873)क पुन(cid:91)वास एवं सामािजक बु(cid:467)नयाद(cid:547) ढाँचा को (cid:874)वकास (cid:467)नजी भागीदार के (cid:622)वारा (cid:873)कया जाएगा। 8.2. संभा(cid:874)वत Bidding Parameter इस (cid:292)कार होगीः

8.2.1. (cid:467)नजी भागीदार (cid:622)वारा अ(cid:876)(cid:274)म प(cid:864)ा (cid:874)(cid:292)(cid:871)मयम (Upfront Lease Premium) के (cid:871)लए (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य (Minimum Reserve Price) के उपर Bid कर(cid:581)गे। (cid:467)नजी भागीदार (cid:622)वारा अ(cid:876)(cid:274)म प(cid:864)ा (cid:874)(cid:292)(cid:871)मयम (cid:467)नमा(cid:91)ण अव(cid:876)ध के दौरान 5 बराबर (cid:873)क(cid:232)त(cid:585) म(cid:581) भुगतान (cid:873)कये जाय(cid:581)गे ।

अथवा

8.2.2. Project wise Financial Viability Analysis के आधार पर तय (cid:873)कये गये समय जो 30 वष(cid:91) या उससे अ(cid:876)धक एवं 90 वष(cid:91) या उससे कम के अंतग(cid:91)त देय उ(cid:205)चतम वा(cid:874)ष(cid:91)क (cid:874)(cid:292)(cid:871)मयम का शु(cid:424) व(cid:215)त(cid:91)मान मू(cid:227)य (NPV) (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य से कम नह(cid:547) होगी।

अथवा

8.2.3. अ(cid:876)(cid:274)म प(cid:864)ा (cid:874)(cid:292)(cid:871)मयम और वा(cid:874)ष(cid:91)क (cid:464)रयायत शु(cid:227)क का संयोजन Parameter (cid:873)कया जायेगा। इस (cid:874)वक(cid:227)प मे 8.2.1 का 20 (cid:292)(cid:467)तशत तय Parameter होगा एवं 8.2.2 का 80 (cid:292)(cid:467)तशत Bidding Parameter होगा ।

8.2.4. (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य (Minimum Reserve Price) अथा(cid:91)त ् वा(cid:872)णि(cid:207)यक सु(cid:874)वधा Develop करने से संबं(cid:876)धत भू(cid:871)म पास(cid:91)ल के सक(cid:91) ल दर का 1.52 गुणा म(cid:581) से MDO का शु(cid:227)क घटाते हु ए Fix (cid:873)कया गया है ।

9. मौजूदा संक(cid:227)प सं॰ जुडको (cid:871)ल(cid:871)मटेड/पी॰पी॰पी॰/बस (cid:232)टै(cid:214)ड/1038/2016-5049 राँची, (cid:465)दनांक 07.08.2017 जो (cid:873)क झारख(cid:214)ड रा(cid:207)य के (cid:874)व(cid:871)भ(cid:219)न शहर(cid:547) (cid:467)नकाय(cid:585) म(cid:581) लोक (cid:467)नजी भागदार(cid:547) के आधार पर बस पड़ाव(cid:585) को (cid:874)वक(cid:871)सत (cid:873)कए जाने से संबं(cid:876)धत है, पर (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य (Minimum Reserve Price) कु ल (cid:876)चि(cid:219)हत भू(cid:871)म के सक(cid:91) ल दर का 1.52 गुणा है ।

उपयु (cid:91)(cid:200)त मौजूदा संक(cid:227)प म(cid:581) रा(cid:207)य के (cid:874)व(cid:871)भ(cid:219)न बस पड़ाव(cid:585) के (cid:874)वक(cid:871)सत हेतु (cid:876)चि(cid:219)हत भू(cid:871)म क(cid:551) व(cid:215)त(cid:91)मान बाजार दर क(cid:551) (cid:219)यूनतम 7.5 (cid:292)(cid:467)तशत दर अथवा उससे अ(cid:876)धक दर पर वा(cid:874)ष(cid:91)क (cid:874)(cid:292)(cid:871)मयम भुगतान करने हेतु इ(cid:205)छु क (cid:467)नजी भागीदार के (cid:622)वारा (cid:467)न(cid:874)वदा सम(cid:874)प(cid:91)त करते हु ए उ(cid:424)ृत (cid:873)कया जाना है, िजसम(cid:581) (cid:292)(cid:467)त वष(cid:91) 10 (cid:292)(cid:467)तशत क(cid:551) च(cid:272)वृ (cid:874)(cid:424) दर के आधार पर भुगतान करना होगा ।5 झारख(cid:214)ड गजट (असाधारण) सोमवार, 6 फरवर(cid:547), 2023 इस (cid:292)कार 30 वष(cid:91) के (cid:871)लए देय उ(cid:205)चतम वा(cid:874)ष(cid:91)क (cid:874)(cid:292)(cid:871)मयम का शु(cid:424) व(cid:215)त(cid:91)मान मू(cid:227)य (NPV) (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य अथा(cid:91)त ् कु ल (cid:876)चि(cid:219)हत भू(cid:871)म के सक(cid:91) ल दर का 1.52 गुणा से कम नह(cid:547) होगी । 10. मौजूदा संक(cid:227)प एवं (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त का तुलना(cid:215)मक मु(cid:201)य (cid:466)ब(cid:219)दुः-

10.1. मौजूदा संक(cid:227)प म(cid:581) (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य (Minimum Reserve Price) के (cid:510)प म(cid:581) कु ल (cid:876)चि(cid:219)हत भू(cid:871)म के सक(cid:91) ल दर का 1.52 गुणा (cid:467)नि(cid:230)चत (cid:873)कया गया है।

जब(cid:873)क (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त म(cid:581) (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य के (cid:510)प म(cid:581) कु ल (cid:876)चि(cid:219)हत भू(cid:871)म म(cid:581) से (cid:219)यूनतम (cid:874)वकास दा(cid:467)य(cid:215)व (MDO) से संबं(cid:876)धत भू(cid:871)म पास(cid:91)ल को हटाकर के वल वा(cid:872)णि(cid:207)यक सु(cid:874)वधा Develop करने से संबं(cid:876)धत भू(cid:871)म पास(cid:91)ल के सक(cid:91) ल दर का 1.52 गुणा म(cid:581) से MDO का शु(cid:227)क घटाते हु ए (cid:467)नि(cid:230)चत (cid:873)कया गया है ।

10.2. मौजूदा संक(cid:227)प म(cid:581) (cid:874)व(cid:215)तीय Bid Parameter वा(cid:874)ष(cid:91)क (cid:874)(cid:292)(cid:871)मयम (Annual Premium) के (cid:510)प म(cid:581) रखी गई है। 30 वष(cid:91) के (cid:871)लए देय उ(cid:205)चतम वा(cid:874)ष(cid:91)क (cid:874)(cid:292)(cid:871)मयम का शु(cid:424) व(cid:215)त(cid:91)मान मू(cid:227)य (NPV) (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य अथा(cid:91)त ् कु ल (cid:876)चि(cid:219)हत भू(cid:871)म के सक(cid:91) ल दर का 1.52 गुणा से कम नह(cid:547) होगी ।

जब(cid:873)क (cid:292)(cid:232)ता(cid:874)वत PPP Policy म(cid:581) (cid:874)वक(cid:227)प के (cid:510)प म(cid:581) अ(cid:876)(cid:274)म प(cid:864)ा (cid:874)(cid:292)(cid:871)मयम (Upfront Payment) अथवा अ(cid:876)(cid:274)म प(cid:864)ा (cid:874)(cid:292)(cid:871)मयम और वा(cid:874)ष(cid:91)क (cid:874)(cid:292)(cid:871)मयम का संयोजन के (cid:510)प म(cid:581) भी Quote (cid:873)कये जाने का (cid:292)ावधान इस (cid:292)कार रखी गई हैः-

(cid:467)नजी भागीदार (cid:622)वारा अ(cid:876)(cid:274)म प(cid:864)ा (cid:874)(cid:292)(cid:871)मयम (Upfront Lease Premium) के (cid:871)लए (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य (Minimum Reserve Price) के उपर Bid कर(cid:581)गे। (cid:467)नजी भागीदार (cid:622)वारा अ(cid:876)(cid:274)म प(cid:864)ा (cid:874)(cid:292)(cid:871)मयम (cid:467)नमा(cid:91)ण अव(cid:876)ध के दौरान 5 बराबर (cid:873)क(cid:232)त(cid:585) म(cid:581) भुगतान (cid:873)कये जाय(cid:581)गे ।

अथवा

Project wise Financial Viability Analysis के आधार पर तय (cid:873)कये गये समय जो 30 वष(cid:91) या उससे अ(cid:876)धक एवं 90 वष(cid:91) या उससे कम के अंतग(cid:91)त देय उ(cid:205)चतम वा(cid:874)ष(cid:91)क (cid:874)(cid:292)(cid:871)मयम का शु(cid:424) व(cid:215)त(cid:91)मान मू(cid:227)य (NPV) (cid:219)यूनतम आर(cid:879)(cid:162)त मू(cid:227)य से कम नह(cid:547) होगी ।

अथवा

अ(cid:876)(cid:274)म प(cid:864)ा (cid:874)(cid:292)(cid:871)मयम और वा(cid:874)ष(cid:91)क (cid:464)रयायत शु(cid:227)क का संयोजन Quote (cid:873)कया जायेगा। इस (cid:467)तसरे (cid:874)वक(cid:227)प मे पहला (cid:874)वक(cid:227)प का 20 (cid:292)(cid:467)तशत तय Parameter होगा एवं दुसरे (cid:874)वक(cid:227)प का 80 (cid:292)(cid:467)तशत Bidding Parameter होगा ।

10.3. मौजूदा संक(cid:227)प म(cid:581) कु ल (cid:876)चि(cid:219)हत भू(cid:871)म पर 30 वष(cid:91) के (cid:871)लए ल(cid:547)ज का (cid:292)ावधान है, िजसे Performance Evaluation के आधार पर पुनः 30+30 वष(cid:91) के (cid:871)लए (cid:874)व(cid:232)ता(cid:464)रत (cid:873)कया जा सकता है ।6 झारख(cid:214)ड गजट (असाधारण) सोमवार, 6 फरवर(cid:547), 2023 जब(cid:873)क (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त म(cid:581) वा(cid:872)णि(cid:207)यक सु(cid:874)वधा Develop करने से संबं(cid:876)धत भू(cid:871)म पास(cid:91)ल पर 30 वष(cid:91) से 90 वष(cid:91) तक के अंदर ल(cid:547)ज के (cid:292)ावधान का (cid:292)(cid:232)ताव है। िजसके फल(cid:232)व(cid:510)प Project wise (cid:292)शास(cid:467)नक (cid:232)वीकृ (cid:467)त के दौरान Financial Viability analysis के आधार पर उ(cid:200)त सीमा के अंदर ल(cid:547)ज Period का Fixation (cid:873)कया जा सके गा। साथ ह(cid:547) (cid:219)यूनतम (cid:874)वकास दा(cid:467)य(cid:215)व (MDO) से संब(cid:876)धत भू(cid:871)म पास(cid:91)ल पर License Right का समय सीमा वा(cid:872)णि(cid:207)यक भू(cid:871)म से संबं(cid:876)धत ल(cid:547)ज के समय सीमा के बराबर रखा गया है । 10.4. मौजूदा संक(cid:227)प म(cid:581) Financial Bid को (cid:876)चि(cid:219)हत भू(cid:871)म के व(cid:215)त(cid:91)मान बाजार दर के साथ Link कराया गया है ।

जब(cid:873)क (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त म(cid:581) Financial Bid को प(cid:464)रयोजना के (cid:229)यवहाय(cid:91)ता (Viability) के साथ Link कराया गया है।

11. मौजूदा संक(cid:227)प म(cid:581) उ(cid:200)त खा(cid:871)मय(cid:585) के कारण (cid:292)का(cid:871)शत (cid:873)कये गये (cid:467)न(cid:874)वदा म(cid:581) कोई भी (cid:467)नजी भागीदार के (cid:622)वारा भाग नह(cid:547) (cid:871)लया गया एवं साथ ह(cid:547) 10 जून 2019 म(cid:581) (cid:873)कये गये Investors Meets म(cid:581) उपयु (cid:91)(cid:200)त खा(cid:871)मय(cid:585) को उ(cid:424)ृत (cid:873)कया गया ।

12. (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त म(cid:581) उपयु (cid:91)(cid:200)त बात(cid:585) को (cid:218)यान म(cid:581) रखते हु ए Financial Bid को Project Revenue के साथ Link कराया गया है। (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त (PPP Policy) इस संलेख के साथ संल(cid:202)न क(cid:551) गई है । 13. (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त म(cid:581) VGF का कोई (cid:292)ावधान नह(cid:547)ं (cid:873)कया गया है। अथा(cid:91)त (cid:292)(cid:232)ता(cid:874)वत योजना के (cid:871)लए सरकार पर कोई (cid:874)व(cid:215)तीय भार नह(cid:547)ं पडे ़ गा ।

14. उ(cid:200)त के प(cid:464)र(cid:292)े(cid:234)य म(cid:581) मौजूदा संक(cid:227)प सं(cid:201)याः जुडको (cid:871)ल(cid:871)मटेड/पी॰पी॰पी॰/बस (cid:232)टै(cid:214)ड/ 1038/2016- 5049 राँची, (cid:465)दनांक 07.08.2017 को लोप (Annual) करते हु ए कं (cid:875)डका-11 म(cid:581) संल(cid:202)न (cid:873)कये गये (cid:292)(cid:232)ता(cid:874)वत नी(cid:467)त (PPP Policy) पर (cid:465)दनांक 23.12.2020 को स(cid:224)प(cid:219)न मं(cid:466)(cid:287)प(cid:464)रष(cid:622) क(cid:551) बैठक म(cid:581) मद सं(cid:201)या-29 के (cid:510)प म(cid:581) (cid:232)वीकृ (cid:467)त (cid:292)दान क(cid:551) गई है ।

झारख(cid:214)ड रा(cid:207)यपाल के आदेश से,

(cid:874)वनय कु मार चौबे,

सरकार के स(cid:876)चव ।7 झारख(cid:214)ड गजट (असाधारण) सोमवार, 6 फरवर(cid:547), 2023

• PPP Policy for Development/redevelopment of Bus Terminal/ISBT Projects in the State of Jharkhand8 झारख(cid:214)ड गजट (असाधारण) सोमवार, 6 फरवर(cid:547), 2023

1. Public Private Partnership Framework

1.1 Background:

Urban Development and Housing Department, Government of Jharkhand (GOJ) is committed to improving the level and the quality of economic and social Urban Infrastructure services across the State. In pursuance of this goal, the Government envisages a substantive role for Public Private Partnership (PPPs) as a means for harnessing private sector investment and operational efficiencies in the provision of public assets and services.

UD&HD, GOJ has mandated the Jharkhand Urban Infrastructure Development Company (JUIDCO) Limited to undertake development of Bus Terminal/ISBT projects across Jharkhand on Public Private Partnership (PPP) mode.

However, implementation through PPPs has had its set of challenges due to complicated financing structures, delays in land acquisition and long gestation period of infrastructure projects. Therefore, there is a need to adopt a structured approach while conceptualizing, structuring and implementing projects with private sector participation. A streamlined and well laid out approach would go a long way in addressing some of the challenges and result in successful projects that deliver more value to the public.

This PPP Guide would enable the officials concerned with developing projects under PPP to provide an understanding on the various steps involved with regard to the PPP project lifecycle.

This PPP guide is prepared based on the best practices adopted and prescribed in "PPP Guide for Practitioners", published by PPP Cell, Department of Economic Affairs, Government of India.

1.2 Introduction to Public Private Partnership

PPPs are an arrangement between the public entity and the private partner for development of infrastructure or delivery of services. Under conventional construction contracts, the private sector bears only the design and construction risk whereas under PPPs, they are likely to bear other risks pertaining to financing, demand and operations, depending upon the risk sharing mechanism between the public entity and the private partner.

PPPs primarily focus on service delivery with measurable output parameters (the performance of the private sector is monitored against a set of performance indicators) as opposed to the conventional method of EPC (Engineering-Procurement-Construction) contracts which only focus on creation of assets.

1.3 Need for PPPs

There are usually two fundamental drivers for PPPs. Firstly, PPPs enable the public sector to harness the expertise and efficiencies that the private sector can bring to the delivery of certain facilities and services traditionally procured and delivered by the public sector.

Secondly, a PPP is structured so that the borrowing of finances is incurred by the private sector implementing the project and therefore, from the public sector's perspective, a PPP is an "off-balance sheet" method of financing the delivery of new or refurbished public sector assets.

1.4 Various Implementation Structures under PPP

PPP arrangements are characterized by the identification of risks and their allocation among the parties to the arrangement. On the basis of the risk allocation, the various PPP models are designed. Many variants of PPP models are implemented across different projects essentially differentiated on the basis of the risk allocation framework employed within these projects. Given below are the basic PPP models that are prevalent in project development.

i. Management contracts The key feature of management contracts is that the public entity engages a private partner to manage a range of activities for a relatively short duration (3 – 5 years). Management contracts are task specific and tend to focus on inputs rather than outputs. In such contracts, the ownership of assets and investment typically remain with the public entity, although some rehabilitation responsibilities can be transferred to the private partner. Variants include:

a. Basic management-for-fee contract. In this format, all volume and future value risk is retained by the public entity.

b. Management contract with performance incentives related to cost and quality. Some risk, such as volume risk, is retained by the contractor.

c. Management and finance contract with some rehabilitation and expansion. The contractor takes the financial and management risks for a volume incentive.

ii. Lease contracts In a lease contract, the asset is leased, by the public entity to the private partner. Lease contracts are usually of medium term length, and may involve capital investment by the private partner. Such arrangements are usually observed in water supply contracts where the collection risk is transferred to the private partner. Usually, the private partner in such cases would require an assurance in terms of tariff levels, increases over term of lease and compensation and review mechanism in case the tariff levels do not meet the estimates. Variants include Build –Lease-Transfer (BLT), BOLT.

iii. Concession Contracts

Concession means a bundle of rights which may be transferred from the Government entity to the private partner as part of the PPP arrangement. In a concession contract (brown field) the public sector grants the private partner the right to manage and operate existing assets and responsibility for making new investment (extensions or rehabilitation). However, the ownership of assets typically remains with the Government. The variants under this contract include the following:

a. Build-Operate-Transfer (BOT) contracts and its variants

In this type of arrangement, the private sector is responsible for building, operating and transferring the ownership of the project to the Government. BOT contracts involve a great level of private sector participation across a set of different functions, and often cover a longer duration (also known as "Concession Period"). A number of BOT variants are possible depending on the allocation of roles and risk.

b. Design-Build-Finance-Operate-Transfer (DBFOT)

In this type of arrangement the private sector designs, finances and constructs a new facility and operates the facility for the agreed term. The facility is transferred back to the public sector at the end of the term.

c. Build-Own-Operate-Transfer (BOOT):

In this type of arrangement, the private entity finances, designs, builds and operates a facility (may include collection/ charge of user fees) for a specified period, after which the ownership is transferred back to the public sector.

Based on the objectives of the project, required expertise and financial investment from the private sector, the below matrix sets out the PPP option selection:

1.5 Contract Period for PPP projects:

The contract period for the PPP projects is determined based on the viability of the project. In case of large infrastructure projects such as roads the concession period is given for 30 years. However, recently for the airport projects, concession period is provided up to 50 years and bus terminals/ISBT for 90 years.

Depending on the PPP option selected, ownership, responsibilities of public / private and duration of PPP would be reflected as below:

Source: Knowledge Series, Advanced Course, Department of Economic Affairs, Ministry of Finance, Government of

India

1.6 Enabling Commercial Development under Project Land Uses

Generally public land use restricts exclusive commercial development activities. This was the case for the projects being developed under the state government. However, with the advent of PPP and to attract the private sector participation for the development of Urban Infrastructure, it was assessed that development of only public facilities limits the viability of the project. Therefore various state governments have enabled the commercial development under the existing Government land use through amendments. For e.g. Karnataka has made a notification by allowing up to 45% of the FAR in the traffic and transportation land use from the existing limit of 5% for the commercial facilities. The notification is attached as an annexure. In case of Baroda Bus station & Gita Mandir Bus station in Gujarat, the permissible commercial facilities in the transport land use is up to 50% of the total built up area.

1.7 Stakeholders in a PPP transaction

PPP's transactions involve a diverse range of stakeholders in the process. In most cases it is witnessed that stakeholders provide valuable input to the design and practicality of a PPP project. An indicative table of the key stakeholders and their roles is set out in the below table:

This section provides the indicative steps for the development of Bus Terminal/ISBT Projects under Public Private Partnership.

2.1 Project Identification:

The locations for the development of Bus Terminal/ISBT Projects in the state has been identified.

2.2 Activities post identification:

There are certain activities that need to be carried out post identification of the project to ensure smooth development at a later stage. These activities include the following:

a. Constitution of a Project Management Cell/ Unit

b. Stakeholder consultation

c. Hiring of Transaction Advisors/ Consultants/ Experts, etc.

d. Obtaining preliminary approvals

It is at this stage that the public entity may explore the availability of funds/ schemes that facilitate the carrying out of certain activities such as the preparation of concept plans, feasibility studies, detailed project reports (DPR), etc.

2.3 Project Feasibility The project feasibility stage confirms the practicability of a project in terms of technical, financial, legal and economic aspects, whether or not a project is envisaged for development through the PPP route.

The project feasibility would be prepared by the Transaction Advisor/Consultant.

a. Technical Feasibility Technical feasibility studies are carried out primarily to analyses the possible design/engineering options that could be applied and adopted for development of the project. The technical studies throw light on all the approvals and clearances that have to be acquired for project development and implementation. It also lists the utilities/ancillary infrastructure that may be required to be developed and the cost estimates for undertaking the project.

The approvals and clearances that would require for the development of projects are;

i. Land related approvals – this shows whether land belongs to the Authority and what is the existing land use pattern allowed in this subject land under the master plan. If not, the land has to be notified for the intended purpose by changing the classification accordingly. In addition, necessary approvals should be obtained by the Authority in order to transfer the land to the Private as concession for longer period.

ii. Building by-laws – it is necessary to understand the existing building by-laws for developing the urban infrastructure facilities in the state/municipality.

b. Financial feasibility assessment

It is a critical part in the project preparation stage. It provides information about the costs, expenses and sources of revenues, and gives an indication whether the project is self-sustaining or requires additional financial support in the form of grant to make it viable. In other words, financial feasibility helps determine whether the project will

make sufficient revenues to offset all the costs incurred as well as allow for a reasonable return on investment for the private partner. Financial feasibility forms the basis for determining an appropriate project structure and eventually informs the preparation of bidding documents.

It is widely understood that development of project on a standalone basis would not be viable.

Therefore, the Developer should be allowed to generate revenue through other possible sources within the existing legal framework. Some of the other indicative revenue sources are below.

a. The developer shall be allowed for additional FAR subject to maximum FAR three (3) for development of commercial facilities.

b. Allowing parking facilities within the MDO.

c. Allowing advertisements rights within the MDO.

d. Allowing the developer to collect user fee.

It is also at this stage that various project structure options as mentioned above for development of the project emerge and the merits for development of the project through an appropriate PPP framework are examined. The financial viability of the project under PPP is usually evaluated through financial indicators such as equity IRR, Project IRR and equity & Project NPV.

Based on the viability of the project determined during the feasibility stage, the project structure is finalized. However, based on the viability of the project the concession period shall be considered.

2.4 Pre-Procurement Activities

Pre-procurement activities would include all the activities that are required to be put in place by the Authority prior to commencement of the bid process for procurement of private sector participation for the project.

An indicative list of these pre-procurement activities includes:

a. Concept note- Concept note on the Project to be submitted by the Consultant. Concept note will explicitly mention Project wise, total land parcel available, out of that the land parcel to be utilized under MDO and the remaining land parcel to be utilized for commercial development by PPP Partner which will vary Project to Project, known as commercial land. Approval is to be taken on this concept note from Government.

b. Land Acquisition, fixing of Right of Way and shifting of utilities - process towards land acquisition, access to right of way, shifting of utilities, etc.

c. Administrative approvals – permissions from Government, Cabinet approvals, etc. d. Clearances & Permits – from statutory and regulatory authorities e. Inter-departmental coordination

2.5 Procurement Process:

Once the basic pre-requisites to initiate the procurement process have been fulfilled in terms of obtaining in-principle approvals and carrying out the necessary feasibility studies, the next step would be to decide on the procurement process to be adopted. In this stage, it is critical to adopt an open, fair, transparent, competitive approach towards bidding.

A single stage two envelop bidding process shall be adopted for selection of private partner for the development of Bus Terminal/ISBT Projects in different locations of Jharkhand. The following bidding documents would need to be prepared for the procurement process: a. Request for Qualification cum Proposal (RFQ cum RFP) b. Draft Concession Agreement (DCA)

Evaluation of proposals submitted would be carried out in the following steps:

Step I: First step would involve opening of the Technical Proposal and a test of responsiveness would be carried out as per the provisions contained in the RFP. Those Proposals found to be responsive would be considered for evaluation in the second step.

Step II: In the Second step, the evaluation of the information furnished by the Bidders relating to their eligible experience comprising Technical Capacity and Financial Capacity ("Eligibility Criteria") would be undertaken as per RFP. Bidders who meet the Eligibility Criteria would be considered as qualified bidders (the "Qualified Bidders") for the next stage of evaluation.

Step III: In the third step, the Price Proposal of the Qualified Bidders will be opened for evaluation and the Selected Bidder shall be declared successful for development of Bus Terminal/ISBT or re-development of Market Complex.

a. Bid Parameter for selection of Private Developer:

In case of the financial bids for the development of projects that are financially viable, the Authority shall obtain the highest Annual Concession Fee or Upfront Concession Fee or a combination of both as a bid parameter for consideration of transfer of assets. The Annual Concession Fee to be paid by the Private Developer shall be escalated @5% per annum.

2.6 Post Award Contract Management

The success of a project developed through a PPP framework is determined mostly when the project is executed and its commercial operations are underway. Post award period commences from the date of issue of Letter of Award to the Successful Bidder and ends after the expiry of Project Agreement/ Concession Agreement.

The Post-award Contract Management involves four key stages which are mentioned below:

a. Development Stage: includes the process leading up to contract execution, starting from the date of Letter of Award up till the date of commencement of construction consisting of all pre-construction project activities like land acquisition, meeting financial closure, etc.

b. Construction Stage: involves the period commencing from the date of commencement of construction through the commissioning process to the completion of construction as specified in the terms and conditions of concession agreement.

c. Operations & Maintenance Stage: this stage extends for the longest portion of the PPP project development lifecycle. It covers the provision of service by the private partner and the use of such services during the concession period.

d. Handover Stage: includes the period leading up to and after contract expiry or termination. The final task in managing a PPP contract is to manage the transition of assets and operations at the end of the concession period. The approach to this transition should be clearly defined in the Concession Agreement. This typically includes defining how quality of the assets will be defined and assessed, whether a payment will be made on asset handover, and how the amount of any payment will be determined. It also involves determining future asset and service requirements;

determining future service delivery strategy; reviewing exit provisions; and managing the transfer to the new arrangements.

3. Proposed Public Private Partnership structure for Bus Terminal/ISBT Projects across

Jharkhand.

The following are the key proposals that could be adopted by Urban Development and Housing Department/JUIDCO, GOJ in order to promote Private Sector Participation for the development of Bus Terminal/ISBT Projects in the State of Jharkhand.

A. Obligation of Urban Development and Housing Department:- a. Granting Concession for developing/operating & maintaining and collection of revenues during the project period

b. Ensuring availability of encumbrance free land/project site for development

c. Facilitating the developer in obtaining necessary project related approvals and clearances d. Approval on DPR as submitted by the Developer.

e. License right will be given on the land parcel to be proposed for Minimum Development Obligation (MDO). Same time line will be given under license right for MDO as proposed under lease right for commercial development.

f. Lease right will be given on remaining land parcel i.e. Commercial Land as defined under clause 2.4 (a) of this draft policy, for commercial development by PPP partner. During project wise administrative approval, the lease period for Commercial land will be decided based on financial viability analysis. However, lease period as such shall not be less than 30 years and more than 90 years.

g. The developer shall be allowed maximum FAR up to three (3) in commercial land for commercial development.

h. Allowing advertisement rights within the MDO.

i. Allowing the developer to collect user fee for the facilities provided within the MDO.

B. Obligation of Developer:-

i. Minimum Development Obligation (MDO):

 Bus Terminal/ISBT Projects

 Development and completion of Bus Terminal/ISBT facility as per the specification approved by Government of Jharkhand within the time frame as per the Agreement  Re-development of existing Bus Terminal/ISBT

 Rehabilitation of the existing tenants if required

 Development of social infrastructure

 Other Obligations of developer:

 Preparation and submission of detailed project report (DPR) based on the concept note on the Project as approved by GoJ.

 Submission of DPR within three (3) months from the date of issuance of letter of award.

 Development of Integrated Commercial facility

 All approval, permits & consents from statutory authorities with suitable assistance from GoJ

 Payment of all taxes, levies & duties

 Construction and handing over of MDO as per the agreed terms and specifications  All financing towards construction, operation & maintenance

 Annual concession fee or Upfront Premium or combination of both within one (1) month from the date of approval of DPR.

C. Implementation Framework:-

a. GoJ intends to develop the facilities on Design, build, finance, operate & transfer (DBFOT) mode.

b. Selected bidder will form a SPC to implementation the project as wholly owned subsidiary of it.

GOJ will enter into development agreement with the SPC.

c. During the development phase, Developer will only have License rights on land for development/construction of the Project.

d. Developer is entitled to have development rights in the MDO land and Concession/lease rights on the commercial land only after the completion of the construction of MDO e. Developer can sublease the commercial area to end users in co-terminus with the project period

f. Project construction would be monitored through Project Management Consultancy g. The developer shall within 30 days from the date of handover of the land, shall open and establish an escrow account with a nationalized bank and all funds constituting the financing packages for meeting the construction cost of the commercial complex including money received towards advance and installments from prospective end user of the Developer's allocation of space in the commercial complex during the construction period shall be credited to this account and shall maintain the escrow account in accordance with the provisions of Real Estate (Regulation & Development) Act, 2017 and Jharkhand Real Estate (Regulation & Development) Rules, 2017.

D. Probable Bidding Parameters:

a) Upfront lease premium payable by the Developer to the Government subject to minimum

reserve price

• Minimum Reserve Price = 1.52 times of Circle rate of the commercial land – (minus) Cost of Minimum Development Obligation (MDO).

• Upfront premium is to be paid in 5 equal installments during construction period

OR

b) Annual Concession Fee

• The Net Present Value (NPV) of highest annual premium payable for the lease period to be decided based on Project wise financial viability analysis, subject to minimum reserve price.

However, the lease period as decided above shall not be less than 30 years and more than 90 years.

• Minimum Reserve Price = 1.52 times of Circle rate of the commercial land – (minus) Cost of Minimum Development Obligation (MDO).

OR

c) Combination of Upfront lease premium and Annual Concession Fee

• 20% of '(a)' will be the fixed parameter and 80% of '(b)' will be variable/bidding parameter.

4. Conclusion:

Under the prevailing Revenue Circular vide 5049 dated 09/08/2017, the financial bid parameter for projects that are financially viable under the Public Private Partnership, the bidder shall not quote less than the Minimum Reserve Price equal to 7.5% of the Market Price of land with escalation @ 10% compound interest per annum during the concession period payable to the Authority.

In the above case, the financial bid is linked to the market price of the land rather than the viability of the project.

In this draft policy effort has been taken to link the financial bid with the viability of the project rather than to the market price of land. Excess of 1.52 times of circle rate of the land parcel to be developed for Commercial purpose over cost of minimum development obligation (MDO) will be taken into consideration in determining the minimum reserve price.

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