The Works & Services Department intended to develop a dual carriageway road access from Hyderabad to Mirpurkhas city to reduce traffic congestion, and to provide quick and safe access to the commuters.
Design & Construction (02 years)
A 60 kilometre dualization of existing two-lane road connecting Hyderabad to Mirpurkhas.
Design, Build, Finance, Operate, Maintain and Transfer ("DBFOT") - Revenue model
The Works & Services Department executed Concession Agreement on 11th November 2009 with SPV formed by the preferred bidder i.e. Deokjae Connecting Roads (Private) Limited.
Based on PPP Policy Board approval in its 31st and 32nd meeting held on 20th January 2021 and 28th January 2021, respectively, the Works & Services Department executed the Amended & Restated Subordinated Debt Agreement on 25th March 2021.
The PPP Policy Board in its 3rd and 4th meeting held on 10th June 2009 and 11th November 2009, respectively, granted approval for issuance of LOI to Deokjae Construction (Pvt.) Limited and Concession
26.1% Equity (18.4% private partner and 7.7% of GoS)
37.3% Bank Loan
31.3% GoS Subordinated Debt
5.3% Developer Equity
The Project was launched for investor solicitation in December 2008.
The Technical & Financial Evaluation Committee (TFEC) concluded the procurement process and recommended Deokjae Construction Co. (Pvt.) Limited as preferred bidder.
IQ Capital Plus
Independent Engineer: EA Consulting (Private) Limited
Independent Auditor: EY Ford Rhodes, Chartered Accountants
The HMDC Project is under operational phase.
Works & Services Department
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|Case Study - Hyderabad Mirpurkhas Dual Carriageway||30-11-2012|