Name = Cuttack to Angul

Mode = Hybrid Annuity

National Highway = 42 (New NH 55)
Length = ~ 112 Kms
NHAI Cost = Rs. 1535.82 Crores
Bid Cost = Rs. 1421.25 Crores
Bid Security = 1% of NHAI Cost
Construction Period = 910 days or 30 months
Operations Period = 15 years from COD
Bid Variable
NPV of Bid Project Cost + NPV of O&M Cost
NPV @ [Bank Rate + 3%]
As per specified XL format
Performance Security = 5% of Bid Cost
Additional Performance Security
10% of [NHAI Cost (–) Bid Cost]
Payable if Bid Cost is lower than 10% of NHAI Cost
Equity Restriction = 51% upto 2 years from COD
Conditions Precedent Cl 4.1.2 = NHAI to fulfill in 120 days