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Vehicle Inspection and Certification System - VICS

PROJECT BRIEF

Bid Value/ PV of Contingent Liabilities - PKR 9.1bn

PROJECT DESCRIPTION

The Transport & Mass Transit Department, Government of Sindh aims to upgrade the vehicle inspection and certification system in Sindh. In this regard a project has been conceptualized to encourage private sector interest in establishment of VICS exclusively in the Sindh Province. To carry out this project a model of Public Private Partnership has been proposed on Design, Finance, Build, Own, Operate and Transfer (DFBOT) basis. The Transport & Mass Transit Department with assistance of the PPP Unit in this regard is seeking bids for establishment of VICS through a fair and transparent competitive bidding process.
Concession Period of twenty (20) years including one (1) year of design, planning, building, setup and installation period.


SOCIAL IMPACT OF THE PROJECT

1. This project will alleviate the problems arising out of mechanically unfit vehicles on roads that cause environmental and noise pollution and also contribute to road accidents.

2. This project is intended to improve road safety, improve ambient air quality, reduce costs / property damages and shall increase public trust and safety of public transport in Sindh.

TRANSACTION ADVISOR

Ernst & Young / Haidermotabnr & Co. / Osmani

CURRENT STATUS

Second stage bidding process has been concluded and letter of award to the preferred bidder (consortium of Opus Inspection and Swedtech) has been issued by TMTD on 10th May 2017. Concession agreement was executed in July 2017. Construction of the inspection centers is in progress.

LAST UPDATE ON:

29-Aug-2019

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