Hyderabad Mirpurkhas Dual Carriageway - HMDC
OBJECTIVE / OUTCOMES OF THE PROJECT
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.
Operations & Maintenance (30 years from substantial completion of Construction)
- Road: 58.7 km
- Lanes: 04
- Toll Booths at each end: 08
- Weighbridges: 03 numbers (Hyd, MPK and Rahuki)
- Pedestrian Bridges: 03
- U turns: 13
- Bridges: 03
- Catch pits: 21
- Box culverts: 08
- Pipe culverts: 40
The Concessionaire shall undertake toll operations and regular maintenance of the Project Highway as per agreed standards.
Design, Build, Finance, Operate, Maintain and Transfer ("DBFOT") - Revenue model
EXECUTION OF CONCESSION AGREEMENT
PPP POLICY BOARD APPROVAL
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
SOCIAL IMPACT OF THE PROJECT
- Reduced travel time and fuel from Hyderabad to Mirpurkhas
- Creation of approximately 5,000 direct job opportunities and 22,000 indirect job opportunities
- Uplift land values significantly
- Facilitation to major agricultural belt of Sindh
- Opportunities for local communities for jobs and businesses due to ease of road access as well as better law & order situation in the area
- Improve safety and reliability
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 achieved substantial completion of construction works in August 2012.
- The HMDC is the first major road sector project that is based on project financing from local lenders i.e. NBP and Summit Bank. The HMDC Project through toll & non-toll revenues successfully retired bank loan in December 2020.
- The HMDC project has commenced repayments of Subordinated debt to the GoS from March 2021.
- The HMDC project implemented most diversified technology of Electronic Toll and Traffic Management System (ETTMS).
The HMDC Project is under operational phase.
Works & Services Department
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