Proposals sought for Karachi - Thatta expressway PPP in Pakistan
The goverment of Sindh (Pakistan) has published the tender process for the design, build, finance, operate and transfer of a 49 km long section of National Highway (N-5) between Gaghar Phatak and start of Thatta bypass in PPP mode.The project includes construction of additional carriageway with wide median of 7.9m between existing and additional carriageways, improvement and rehabilitation of existing highway with new bridges and culverts.
The project cost is estimated at US$60 milion.
The preferred bidder will be selected based on the requisite technical experience and the lowest quote of proportionate present value of annuity payment.
The contract term will be for 27 years including 2 years of design (including detailed design) and construction.
According to the Sindh PPP Unit's website, the project will be financed by 70:30 debt to equity ratio, whereby the Government of Sindh (GoS) will inject the minority equity of 14% whilst developers equity will be 16%.
According to the request for proposal the final dates are:
- Submission of Proposals: December 10th, 2013
- Concession Signature: February14th, 2013
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