S No Concession Covenant

1 Conditions Precedent for NHAI

2 Conditions Precedent for

Concessionaire

3 Damages for CP delays by

Authority
4 Damages for CP delays by
Concessionaire
Details
NHAI to fulfill CP’s in 150 days with an extension of 90 days
1. Right to Way
2. Applicable Permits related to Environmental Clearances
3. Procured Forest Land
4. Approval for GAD for ROB and RUB
Concessionaire to fulfill CP’s in 150 days
1. Performance and Additional Performance Security
2. Escrow Agreement
3. Substitution Agreement
4. Applicable Permits
5. Financing Agreement
1. 0.2% of Performance Security per day
2. Limited by Amount of Bid Security
1. 0.3% of Performance Security per day
2. Limited by Amount of Bid Security