As defined in the Concession Agreement signed for the particular Road Project. Generally it includes passenger cars only of an individual residing within defined range of Toll Plazas. Detail information and passes for Local Traffic can be availed from Toll Plaza.
A Board carrying Toll Notification is fixed on the Toll Plaza of the Project Highway. In addition to this, Toll Notification can be found on Website of GSRDC (www.gsrdc.com) for the Road Projects undertaken on PPP mode by GSRDC.
List of exempted vehicles for a particular section of highway is as per User Fee Notification of that section of highway. User Fee Notifications for Roads developed by GSRDC on PPP Mode is available on this website.
The exclusive right, license and authority during the subsistence of a Concession Agreement to construct, operate & maintain the Project for a specified period of time.
The Period of time during which a Concession is granted is known as Concession Period. It means the period beginning from the Appointed Date and ending on the Termination Date.
(1) Concession Agreement, (2) Maintenance Manual, (3) Maintenance Programme, (4) Maintenance Recruitment (5)Complaint Book.
BOT : Build–Operate–Transfer is a form of project financing, wherein a private entity receives a Concession from the private or public sector to finance, design, construct, and operate a facility stated in the concession contract. This enables the project proponent to recover its investment, operating and maintenance expenses in the project. Due to the long-term nature of the arrangement, the fees are usually raised during the Concession Period. The rate of increase is often tied to a combination of internal and external variables, allowing the proponent to reach a satisfactory internal rate of return for its investment.
Public–Private Partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP, P3 or P3.
The scheme aims at supporting infrastructure projects that are economically justified but fall short of financial viability. Support under this scheme would be available only for infrastructure projects where private sector sponsors are selected through a process of competitive bidding. The total Viability Gap Funding under this scheme will not exceed twenty percent of the Total Project Cost; provided that the Government or statutory entity that owns the project may, if it so decides, provide additional grants out of its budget, but not exceeding a further twenty percent of the Total Project Cost.
Privatization and PPPs are both forms of private sector participation in infrastructure service delivery. However, in PPPs the public sector retains underlying ownership of the asset and accountability for service delivery, while physical asset provision and service delivery is provided by the private sector in line with the PPP contract agreement. Risks and rewards in a PPP are allocated and shared in line with the PPP contract between the public and private sectors. Privatization refers to the partial or full divestiture of government ownership of an asset. Thereafter asset maintenance and service is determined and provided by the new private owners. No risks and rewards are shared between the public and private sectors in privatization. The new private owners carry risks and rewards conferred by their full or partial ownership of the asset.