Ranchi Regional Development
Authority (RRDA)
Bus Terminus cum Commercial Complex Project in Ranchi
Invitation for Expression of Interest (EOI) from Developers
RRDA, an autonomous body of Government of Jharkhand constituted
under the Jharkhand Regional Development Authority Act 2001 intends to
develop a landmark and modern Inter State Bus Terminus (ISBT) having
state-of-the-art facilities like commercial complex, multiplex, food courts,
tourist accommodation, support infrastructure and utilities, etc. on Build-
Operate & Transfer (BOT) basis at Ranchi, Jharkhand. For this purpose,
RRDA invites Expression of Interest (EOI) from reputed developers. A Firm
or Consortium of Firms may submit application(s), and the Lead Member
must be identified/named within the Consortium of Firms.
Ranchi, the administrative and political capital of Jharkhand attracts huge
passenger footfalls within the city. In view of lack of proper passenger
amenities, RRDA has earmarked about 14 acres of high-end commercial
value land within the city for development of the ISBT and allied facilities.
Broad role of RRDA: To provide unencumbered land, facilitate time bound
development process and provide assistance to obtain requisite approvals.
Broad role of Developer: To undertake detailed designing, financing,
construction, marketing and operation & maintenance (O&M) of onsite
infrastructure and recover investments through appropriate revenue-
generating mechanisms, through a Special Purpose Company (SPC)
specially to be incorporated for the project
Salient features of the ISBT site
1. Located at a distance of around 3 km from the railway station.
2. Located at a distance of around 4 km from the CBD/ Wholesale market
3. Has easy access to National Highway (NH) -23 and NH-33
4. Maximum permissible FAR of 2.5 to be allowed for commercial viability
Selection Process
Two stage selection process to be followed:
1. The first stage will involve invitation to developers to submit Expression of
Interest
2. In the second stage, shortlisted developers shall be issued a Request for
Proposal (RFP) document, comprising detailed technical and financial RRDA reserves the right to restrict the number of qualifying Firms/
requirement.
3. The terms of BOT shall be finalized in consultation with RRDA. A
developer would be selected through a competitive and transparent
evaluation process.
Address for submission of EoI
Abhaya K. Agarwal / P.K. Das/ Lalith Kumar
IL&FS Infrastructure Development Corporation Limited, UG
Floor, Mahindra Towers, 2A, Bhikaji Cama Place,
New Delhi-110066.
Email: abhaya.agarwal@ilfsindia.com, prabuddha.das@ilfsindia.com,
lalithkp@rediffmail.com
Submission of EoI
The EoI has to be submitted at the above address by post or courier or in
person latest by 05 May,06 before 1700 hours (IST) having the title of
envelope as:
EoI-Development of ISBT Ranchi, Jharkhand
Invest in the land of growth and prosperity!!
Infrastructure Development
Corporation Limited
IL&FS Infrastructure Development Corporation Limited
has been mandated to undertake project preparation
from conceptualisation to implementation on BOT basis
through a reputed developer.
Qualifying Eligibility criteria for applicants:
1. The Firm or Consortium of Firms taken together must have an
aggregate tangible net-worth as per the previous years available
audited results of at least Indian Rupees Twenty Five Million (INR 25
million or equivalent US $) excluding revaluation reserve, and other
intangible assets to be certified by a Charted Accountant.
2. The Firm or in case of Consortium of Firms the Lead Member must
have experience in immediate past five (5) years of construction or
development (integrated responsibility of conceptualisation to
designing, financing, building, marketing and sale) for at least, any
one of the following a) one bus terminal, OR b) one commercial
complex/ real estate project inclusive of retail/shops, office,
multiplex, food courts and parking area with built up area of at least
50,000 sq.ft. OR c) one residential township/ housing having land
area more than 15 acres.
3. The Firm or in case of Consortium of Firms, the named Lead
Member shall subscribe to minimum 26% equity. Other members in
case of Consortium of Firms shall hold at least 10% equity each in
the SPC.
4. In calculating the bidding entitys experience and net-worth, the
respective experience or net-worth of the following entities may be
combined with that of the bidding entity:
a. An entity, which holds 50% or more equity in the bidding entity.
b. An entity in which the bidding entity holds more than 50% of
equity.
c. An entity with a majority shareholder, which is also a majority
shareholder in the bidding entity
Consortium of Firms to maximum of 10 based on the net worth criteria
Statement of Qualification for Expression of interest (EoI)
Applicants (in case of consortium each member) must submit the following
papers:
1. Company profile/s including details of ownership and evidence of
incorporation
2. Evidence of financial capability, including annual audited accounts for
immediate past three (3) years
3. Detailed information on key personnel (list of management, key
officials, promoters and stakeholders)
4. Provide evidence of relevant experience, listing at least three projects
with details of project value, firms role (developer, contractor, financier)
alongwith any of the following:
a) Relevant completion certificate OR
b) Site plan, brochures & project photographs to sufficiently explain the
status of operationalisation/ completion of the project