Construction of Lahore Ring Road Southern Loop (SL-III)

Project stage info

Stage 1: Initial Government Announcement

Completed

Government Sponsor
Lahore Ring Road Authority

Form of project announcement
Government announcement

Project Rationale
Following objectives will be achieved: Reduction in travel time Reduction in fuel costs Connectivity to underdeveloped areas Improvement in environmental conditions Reduction in congestion on city road networks To provide a signal free corridor for travelling in and around the Lahore city

Indicative timetable of project development
December 2018

There are no Project documents available at this time

Project looking for additional PPF assistance
No

Project looking for additional MDB assistance
No

Is project multi jurisdictional?
No

Stage 2: Project Investigation

Completed

Stage 3: Start of Project Feasibility / Business Case

Completed

Legal Advisors Appointed
Haider Motaa BNR Pvt. Ltd

Financial Advisors Appointed
Earnest and Young Pvt. Ltd

Technical and Other Advisors (inc Project Preparation Facility) Appointed
NESPAK

Is a Business Case Being Prepared?
Yes

Business Case Prepared By
Government

Preparer company/department name
Lahore Ring Road Authority

Estimated Business Case Completion Date
Q4 2018

Estimated Time To Start Of Procurement
Q4 2018

Any other relevant information relating to the project process
Project Development Completed in December 2018

Stage 4: Project Feasibility / Business Case Complete

Completed

Stage 5: Government Approval / Procurement Stage

Completed

Government Approvals Obtained
Yes

Revenue Source
User Based

Revenue Source Description
Tolling from users

Private Sector Opportunities
Equity, Construction, Operations

Estimated Time To Start Of Procurement
Q1 2019

Estimated Time To Award Of Contract
Q2 2019

Economically Regulated Asset
Yes

Explanation of regulatory regime
N/A

Length Of Contract (Years)
21-25 Years

Length Of Contract Additional Information
Role of Private Party: 1.Detailed design, Finance, procurement and construction. 2.Operation and maintenance. 3.Transfer of project after concession period. Role of Government 1.Provision of Encumbrance free Right of Way.

Estimated Project Value (Local Currency)
Government has not disclosed

Estimated Return on Equity (%)
17.00%