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