Roads and Highways Annual Review June 2009

Sections

State roads to lead future road investments

Executive summary

1.0 Investment in road sector (2009-10 to 2013-14)

National Highway Development Project: Implementation expected to be on fast lane

State roads: Witnessing steady growth

Rural roads: Continued government focus to increase investments

2.0 Financing of road projects

3.0 Players track record in NHDP projects

Project profile of players

Statewise- Time overrun in completion of NHDP projects executed by 18 players

4.0 An analysis of state roads across five states

Snap shot of state policies across five states

Comparison of various parameters across five states

Rajasthan

Madhya Pradesh

Karnataka

Gujarat

Maharashtra

Status of road programme in the five states

List of abbreviations

Figures

Executive summary

01 Investments in road sector (2009-10 to 2013-14)- Rs 5,216 billion

02 Funding of road projects during 2009-10 and 2013-14 (Rs 5.2 trillion)

1.0 Investment in road sector (2009-10 to 2013-14)

01 Yearwise break-up of total length

02 Yearwise estimated investment

03 Phase III-Proportion of awarding of projects under different models

04 Phase V-Proportion of awarding of projects under different models

05 State roads— Projected investments

06 Rural roads — Yearwise break-up of length constructed

07 Rural Roads — Yearwise break-up of investment

08 Rural roads — Expected length to be constructed

09 Rural roads— Expected investment

Figures

2.0 Financing of road projects

01 Funding of road projects during 2009-10 and 2013-14 (Rs 5.2 trillion)

02 Proportion of use of public funds

03 Financing of NHDP (Rs 1.9 trillion)

04 Funding of state roads (Rs 2.0 trillion)

4.0 An analysis of state roads across five states

01 Project mix in Rajasthan state roads

02 Project mix in MP State roads

03 Project mix in Karnataka State roads

Tables

1.0 Investment in road sector (2009-10 to 2013-14)

01 Trends in road sector investment

02 Cost per km of various phases (Rs million)

03 State roads — Capital expenditure

2.0 Financing of road projects

01 Estimated sources of funds available to NHAI

3.0 Players’ track record in NHDP projects

01 Players’ track record in NHDP projects

02 Average time overrun in cash and BOT contracts

03 Statewise- Time overrun for NHDP projects

4.0 An analysis of state roads across five states

01 Comparison of policies across states

02 Parametres across the states

03 Rajasthan — Road network (as of March 2005)

04 Grant payment schedule

05 Base rates of toll fee

06 Applicable factors across sectors

07 Average size of projects

08 Upcoming projects in Rajasthan state roads

09 Expected outlay of capital expenditure for Rajasthan's state roads

10 Madhya Pradesh — Road length (as of March 2006)

11 Base rates as per toll policy

12 Applicable factors across sectors

13 Averag size of projects

14 Upcoming projects in Madhya Pradesh State roads

15 Expected outlay of capital expenditure for Madhya Pradesh state roads

Tables

11 Base rates as per toll policy

12 Applicable factors across sectors

13 Averag size of projects

14 Upcoming projects in Madhya Pradesh State roads

15 Expected outlay of capital expenditure for Madhya Pradesh state roads

16 Karnataka — Road network (as of March 2005)

17 Base rates as per toll policy

18 Applicable factors across sectors

19 Average size of projects

20 Upcoming projects in Karnataka State roads

21 Expected outlay of capital expenditure for Karnataka state roads

22 Gujarat — Road network (as of March 2006)

23 Applicable factors across sectors

24 Escalation factors

25 Average size of projects

26 Upcoming projects in Gujarat state roads

27 Expected outlay of capital expenditure for Gujarat state roads

28 Maharashtra — Road Network (as of March 2006)

29 Average ticket size of projects

30 Upcoming projects in Maharashtra state roads

31 Expected outlay of capital expenditure for Maharashtra roads

32 PPP Road projects - Ongoing

33 PPP Road projects - Upcoming

34 Inter State Connectivity- ongoing works

35 Ongoing CRF works

36 Upcoming ISC works

37 ADB Phase II - Ongoing projects

38 ADB MPSRSP-II -Ongoing projects

39 Regular contracts- Ongoing projects

40 Ongoing BOT Road projects

41 Upcoming - BOT projects

42 ADB MPSRSP-III — Upcoming projects

43 CRF-funded — Ongoing projects

44 CRF-funded — Ongoing projects

45 Economic Importance funded — Ongoing projects

46 CRF-funded — Upcoming projects

47 Economic Importance funded — Upcoming projects

48 KRDCL Ongoing projects

49 KRDCL Upcoming projects

50 KRDCL Upcoming projects

51 Ongoing CRF works as of July 2008

52 Ongoing inter state connectivity works as of July 2008

53 Ongoing projects under KSHIP I (status as of July 2008)

54 PPP — Ongoing projects

55 GSRDC — Upcoming BOT projects

56 Gujarat R&B — Gujarat State Highway Development Project: Upcoming BOT projects

57 PPP Road Projects- Ongoing

58 Upcoming BOT projects

Sections

1.0 Roads network in India

Extensive road network

Roads account for 62 per cent of total freight traffic

Higher passenger traffic on roads than railways

Upgradation of highways from double lane to four lanes

2.0 Legal, institutional and policy framework

Institutional framework

Policy framework

Key parameters of New Model Concession agreement - (2006) and Bidding process

Concession structure - NHAI projects

Recent changes in the policy framework

Proposed changes in the policy framework

Fiscal incentive for road developers

Legal framework

Ownership

3.0 Road Construction Activity

Type of roads

Construction equipments used in roads

4.0 National Highways

National Highway Development Programme (NHDP)

Major chunk under balance for award

Phase I - Largely completed

Phase II- Still some way to go for completion

Phase III- Future action phase

Phase IV- To be implemented by MORTH & not NHAI

PHASE V- 87per cent from GQ and other stretches

Phase VI- No action on ground

Phase VII- Total length not yet identified

5.0 Rural roads

Pradhan Mantri Gram Sadak Yojana (PMGSY)

Charts

2.0 Legal, institutional and policy framework

01 Road sector - Institutional arrangement at the Central and state level

3.0 Road Construction Activity

01 Road Construction Activity

Figures

1.0 Roads Network in India

01 Freight traffic across mode of transport

02 Passenger traffic — Roads vs railways

4.0 National Highways

01 Trend in national highway network

Tables

1.0 Roads Network in India

01 Road network in India as in 2007-08

02 Pecentage of National Higway in terms of width

2.0 Legal, institutional and policy framework

01 Comparison of tolling policies

4.0 National Highways

01 Description of NHDP phases

02 NHDP — Current status as on March 31, 2009

5.0 Rural roads

01 Progress on PMGSY as on April 2009

Sections

1.0 Road network

2.0 Investments

3.0 NHDP

4.0 Player profile

Tables

1.0 Road network

01 Freight and passenger movement

02 Addition to National Highway Length (planwise)

03 Capacity as on 2007-08

04 Physical targets and achievements for Tenth Plan

05 Operations of Road Transport

06 India: Existing road network (National highways, their length)

07 Indian national highways by state/UT

08 Statewise road length in relation to area and population

2.0 Investments

01 Investments in road sector

02 Central road sector outlay/expenditure

03 Statewise accrual/allocation from Cess (2007-08)

04 Revenues from cess on petrol and diesel

05 Statewise release of funds under centrally sponsored scheme —

Pradhan Mantri Gram Sadak Yojana

06 Proposed programme for devlopment of state roads for Eleventh

Five-Year Plan (2007-2012)

07 Funds required and available for NH maintenance

08 Financing of NHAI

3.0 NHDP

01 NHDP - Phase I Status

02 NHDP - Phase II Status

03 NHDP - Phase III Status

04 NHDP - Phase V status

05 NON NHDP Projects-status

06 NHDP - Phase I (Contractwise details)

07 NHDP - Phase II (Contractwise details)

08 NHDP - Phase III (Contractwise details)

09 NHDP - Phase V (Contractwise details)

10 NON NHDP - Contractwise details

Tables

4.0 Player profile

01 Companies with exposure to roads sector - Margins and RoCE

02 Afcons/Shapoorji Pallonji - Details of NHDP contracts executed

03 Ashoka Buildcon - Details of NHDP Contracts Executed

04 Ashoka Buildcon - Details of NHDP Contracts Under Implementation

05 Gammon India Ltd - Details of NHDP Contracts Executed

06 Gammon India Ltd - Details of NHDP Contracts Under Implementation

07 Gammon Infrastructure Projects Ltd - Financial details

08 Gayatri - Details of NHDP contracts executed

09 Gayatri - Details of NHDP contracts under implementation

10 GMR - Details of NHDP Contracts Executed

11 GMR - Details of NHDP Contracts Under Implementation

12 Hindustan Construction Co. Ltd - Details of NHDP contracts executed

13 Hindustan Construction Co. Ltd - Details of NHDP contracts under implementation

14 Hindustan Construction Co. Ltd - Financial details - Consolidated

15 IJM Corporation Berhad - Details of NHDP contracts executed

16 IJM Corporation Berhad - Details of NHDP contracts under implementation

17 IJM Corporation Berhad: Financial details

18 ITD Cementation (I) Ltd - Details of NHDP contracts executed

19 ITD Cementation (I) Ltd - Details of NHDP contracts under implementation

20 ITD Cementation India Ltd - Financial details

21 IVRCL Infrastructure & Projects Ltd - Details of NHDP contracts executed

22 IVRCL Infrastructure & Projects Ltd - Details of NHDP contracts under implementation

23 IVRCL Infrastructure & Projects Ltd - Financial Details - Consolidated

24 Larsen & Toubro Ltd - Details of NHDP contracts executed

25 Larsen & Toubro Ltd: Details of NHDP contracts under implementation

26 Larsen & Toubro Ltd - Financial Details - Consolidated

27 LG Engineering & Construction - Details of NHDP contracts executed

28 Madhucon Ltd - Details of NHDP Contracts Executed

29 Madhucon Ltd - Details of NHDP Contracts Under Implementation

30 Nagarjuna Construction Co. Ltd - Details of NHDP contracts executed

31 Nagarjuna Construction Co. Ltd - Details of NHDP contracts under implementation

33 Patel Engineering Co. Ltd - Details of NHDP contracts executed

34 Patel Engineering Co. Ltd - Details of NHDP contracts under implementation

35 Patel Engineering Co. Ltd - Financial Details

36 Punj Lloyd Ltd - Details of NHDP contracts executed

37 Punj Lloyd Ltd - Details of NHDP contracts under implementation

38 Punj Lloyd Ltd - Financial details - Consolidated

39 Reliance Infrastructure Ltd - Detais of NHDP Projects Under Implementation

40 Reliance Infrastructure Ltd - Financial details - Consolidated

41 Simplex Infrastructure Ltd: Details of NHDP contracts executed

42 Simplex Infrastructure Ltd - Details of NHDP contracts under implementation

43 Simplex Infrastructure Ltd - Financial details

44 Sunway Construction Berhad - Details of NHDP contracts executed

45 Sunway Construction Berhad - Details of NHDP contracts under implementation

46 Sunway Construction Berhad - Financial details

47 Noida Toll Bridge Ltd - Financial details

48 IRB Infrastructure Developers Ltd: Details of NHDP contracts executed

49 IRB Infrastructure Developers Ltd - Details of NHDP contracts under implementation

50 IRB Infrastructure Developers Ltd - Financial details