MONTHLY PROGRESS REPORT MAY-2014

ESSEL AHMEDABAD GODHRA TOLL ROADS LIMITED (A Special Purpose Vehicle of Essel Infra Projects Limited) FOUR LANING OF AHMEDABAD TO GODHRA SECTION OF NH- 59 FROM KM 4.200 TO KM 122.420 IN THE STATE OF GUJARAT ON DBFOT BASIS UNDER NHDP PHASE-III MONTHLY PROGRESS REPORT MAY-2014 T TPMC Concessionaire TT F-10, Rameshwar Complex, F-41, Shivanand Bungalows, Singarwa Kathwada Road, Vastral Road, Ratanpura, Ahmedabad- 382430 Ahmedabad- 382418

From km.04+200 to km. 122+420 in the state of Gujarat On Design, Build, Finance, Operate and Transfer (DBFOT) basis under NHDP Phase-III M/s Essel Ahmadabad Godhra Toll Roads Limited ROUTE MAP 2

From km.04+200 to km. 122+420 in the state of Gujarat On Design, Build, Finance, Operate and Transfer (DBFOT) basis under NHDP Phase-III M/s Essel Ahmadabad Godhra Toll Roads Limited LOGISTIC PLAN 3

Four laning of Ahmedabad-Godhra section of NH-59 National Highway Authority of India basis under NHDP Phase-III M/s Essel Ahmedabad Godhra Toll Roads Limited INDEX 1. Executive Summary 5 2. Salient Features and Contract Data 6 3. General Features of Works 7 4. Progress 8 4.1 Progress of Pre-Construction Activities 8 4.2 Progress of Physical Construction Activities 9 4.3 Financial Progress 12 4.4 Materials 12 4.5 Project Completion Schedules (Milestones) 12 4.6 Construction Programme 13 4.7 Mobilization of Plant and Equipment 13 5 Quality Control and Materials 13 5.1. Testing of Materials 13 5.2. Testing and Approval of Plants and Equipments 14 5.3. Construction Methodology 14 5.4. Crushed Stone Aggregate 14 5.5. Fly Ash 14 5.6. Borrow Areas (Soil) 14 5.7. Mix Designs (JMF) 14 5.8. Granular Sub Base 14 5.9. Wet Mix Macadam 14 5.10. Semi Dense Bituminous Concrete 14 5.11. Dense Bitumen Macadam 14 5.12. Bituminous Concrete 15 5.13. Source Approval of Materials 15 5.14. Paving Quality Concrete PQC 15 6 Details of Plant and Equipment, Machinery 15 7 Status of Land Acquisition 16 8 Status of Removal of Encumbrances 16 9 Permits, Approval and Insurance 17 10 Safety and Environmental 17 10.1. Safety 17 10.2. Tree Cutting 17 10.3. Compensatory Plantation of Trees 17 10.4. Pollution Control on Site 17 10.5. Dust Control at Site & Crusher Locations 17 10.6. Accident Report 18 11 Maintenance of existing carriageway 18 12 Non Confirming product Notification 18 13 Change of Scope 19 14 Site Visit 19 15 Weather 19 16 Concessionaire Comments 19 17 Issues Requires Attention 20 APPENDICES I. Strip Chart of Physical Progress II. S-Curve (Financial Progress) III. Mobilization of Plant, Equipment, Site Laboratory & Office IV. Monthly Quality Control Report V. Mix Design of Concrete VI. Mix Design o Granular Sub Base VII. List of Plant, Equipment and Machinery VIII. Permits, Approval and Insurance IX. Accident Details X. Weather Report(Temperature & Rain Fall) XI. Organization Chart XII. Site photos 4

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 1. Executive Summary The project consists of construction of four-lane road from km 4+200 to km 121+771(design chainage), comprising of existing alignment, new alignment for the by-passes and realignment. The total length of the project is 117.571 km. Major built up areas along the alignment are Kathwada, Singarwa, Kathlal, Balasinor, Sevaliya, Timba, Thasra, and Godhra. The proposed alignment follows existing alignment to a major extent and deviates from the existing alignment at five locations. The alignment traverses mainly through plain terrain except a few stretches with rolling terrain. The major part of the proposed alignment passes through rural areas. The land use on both sides of existing carriageway mostly falls under the category of agriculture with a few exceptions. Five by-passes have been proposed and they are Kanbha (3.20km), Kathlal (4.57km), Balasinor (4.45km), Sevaliya, and Timba Road (9.39km), Godhra (7.37km). Construction of service roads at urban and semi urban areas, truck lay byes and toll plazas are also included in the project. Independent structures are proposed for each two lane carriage way for major bridges, rail over bridges, grade separators and minor bridges. Major bridges at eight locations are in the scope of project. Out of eight locations at five locations new bridges for both carriageways and at three locations one bridge for single carriage way are to be constructed. Seven existing bridges are to be retained. Rail over bridges has been proposed at two locations with four structures. Two grade separators have been proposed at two locations in project highway with four structures and one grade separator structure has been proposed along state highway. Minor bridges at twenty three locations are proposed with forty six structures, eighty two pipes culverts, nineteen slab culverts and eight box culverts are either to be widened, re-constructed or newly constructed as per Schedule B of Concession Agreement. Other facilities like bus shelters, vehicular under passes, cattle, or pedestrian under passes are also included in the scope of work. There are eight major intersections and fifty minor intersections. Fifteen types of typical cross sections are specified for the road way. Total land requirement is 696.05 hectare, 588.10 hectares of land has to be acquired or transfer for construction of by-passes and widening of existing 2-lane to 4-lane. 196.52 hectares of forest land is falling within the right of way. Width of proposed right of way is 60m except at the locations of toll plazas and from Km.4+200 to 7+200.At Toll Plaza location Right of Way width is 90mts and between 4+200 to 7+200 the Right of Way width is restricted 45 mts. The balance land acquisition process is in progress. The Concessionaire has achieved financial close and complied all conditions precedent stipulated in the Concession Agreement. 27 th December 2010 is taken as appointed date on mutual consent. Mobilizations of Independent Engineer, Concessionaire SPV, Total Programme Management Consultants, Safety Consultant, EPC, and the Contractor have been completed. Required plants and machineries have been mobilised and are fully in operation. The detailed design of Highway and Structures has been completed by TPMC and same concurred by IE. 115 pipe culverts, 28 box culverts, 2 Slab Culverts, 15 PUP, 4 VUP, 29 Minor Bridges, 8 Major Bridges, 2 ROBs and 3 flyover designs have been concurred / concurred with comments by the Independent Engineer and GFCs drawing issued for construction. The pavement of the Project Highway is flexible type except at Toll Plazas and a few isolated locations. At toll plaza locations and between km 4+780 to 5+020 rigid pavement has been adopted. The contractor has completed the construction: MAIN CARRAGEWAY 228.13 km (2-lane) Bituminous Concrete, 228.13 km (2-Lane) Dense Bituminous Macadam, 71.70 km (2-Lane) Profile Corrective Course, 171.85 km (2-Lane) Wet Mix Macadam, 171.89 km (2 lane) Granular Sub Base, 164.84 km Sub Grade (2 lane) and 163.89 km (2 lane) Embankment, Casting of Kerb is 246.505 km and Strom Water 39.79 km Median Drain 21.77 DLC & PQC 1.87 & 1.87 respectively. 5

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited SERVICE ROAD-: 23.7 km Semi Dense Bituminous Concrete, 23.9 km Dense Bituminous Macadam,24.2 km Wet Mix Macadam, 24.39 Km Granular Sub Base, 24.65 Km Sub Grade, 24.73 Km Embankment, Median Shoulder 23.8 km and Kerb Casting 24.2 km completed. STRUCTURES works of 115 Pipe Culverts, 29 Box Culvert,2 Slab Culvert 29 Minor Bridges, 4 VUP, and 15 Pedestrian under Passes,2 BORL portal frame work, 8 Major Bridges and 2 ROB Completed. Miscellaneous Work under progress. The Provisional Completion for the 105.311 Km out of 117.571 Km Approved by NHAI H.Q on dated.29-10-2013 and Provisional Completion Certificate has been issued by Independent Engineer on dated.31-10-2013. Toll Operation commenced from the 02-11-2013. The Concessionaire has achieved Mile stone I and Mile stone II and Mile Stone III as per schedule G of the Concession Agreement. Achieved total financial progress up to 31 st January 2014, is 98.80% & Details of financial and physical S Curve are appended. 2. Salient Features and Contract Data Employer : National Highways Authority of India Independent Engineer : Egis International, JV with Egis India Consulting Engineers Pvt. Ltd Safety Consultant : RITES Ltd. Concessionaire : Essel Ahmedabad Godhra Toll Roads Ltd Lenders Engineer : STUP Consultants Pvt Ltd Total Program Management Consultant : Wilbur Smith Associates Inc EPC : Pan India Infrastructures Pvt. Ltd Contractor : Dilip Buildcon Ltd Name of Work : Four Laning of Ahmedabad to Godhra Section of NH 59 from km. 04+200 to km. 122+420 in the State of Gujarat on DBFOT basis under NHDP Phase III Length of Road : 117.509 km. (Design Length 117.571 km.) Total Capital Cost : 11554.0 million (as per financial close) Appointed Date : 27 th December 2010 Date of Concession Agreement : 25 th March 2010 Date of Contract Agreement : 26 th April 2010 Date of Letter of Acceptance : 11 th January 2010 Concession Period : 30 years Construction Period : 910 days Completion Date : 24 th June 2013 Amount of liquidated damages : 1.0 million per day /mile stone 6

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III 2.1 Major Bridges : 13 Nos (5x2+3x1) 2.2 Minor Bridge : 23x2 Nos 2.3 Flyover/Grade Separator : 3x2 Nos 2.4 ROB : 2x2 Nos 2.5 Cattle/ Pedestrian Underpass : 15 Nos 2.6 Vehicular Underpass : 4 Nos 2.7 Box Culverts : 8 Nos 2.8 Pipe Culverts : 82 Nos 2.9 Slab Culverts : 19 Nos 2.10 Truck lay by : 2 Nos 2.11 Major Inter Sections : 8 Nos 2.12 Minor Intersections : 50 Nos 2.13 Bus Bay with Shelter : 28 Nos (14X2) 2.14 Bus Shelters : 40 Nos (20X2) National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 3.1 General Feature of works i 4- Lane Divided Carriage Way : 2 x 7m ii 1.5 m Wide Paved Shoulder : 2x1.50 m iii 1.50 m Wide Earthen Shoulder : 2x1.50 m iv Central Median Urban/ Built up Section : 1.50 m Rural Section 5.00 m (Outer edges of L kerb) v Service Road Built up Section : 7.0 m Approaches of VUP/ Flyover : 7.0 m vi Footpath/Sidewalk Built up Section : 2.0 m 3.2 Pavement Composition of Main and Service Road Carriageways (New Construction) Flexible Pavement Flexible Pavement Rigid Pavement km 4+200- km 57+00 - km 99+00- Toll Plazas, 4+200-5+020, Service Road 57+00 99+00 121+771 6+020-6+240 BC 40 mm 40 mm 40 mm SDBC 25 mm PQC 250 mm DBM 70 mm 65 mm 85 mm DBM 50 mm DLC 150 mm WMM 250 mm 250 mm 250 mm WMM 250 mm GSB 150 mm GSB 200 mm 200 mm 200 mm GSB 150 mm SUB GRADE 500 mm SUB GRADE 500 mm 500 mm 500 mm Profile Corrective course is proposed between km 99+00 to 114+335 over existing road. Other locations of existing road pavement are reconstructed from top of sub grade. 7

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 4. Progress 4.1 Progress of Pre-Construction Activities:- The preconstruction activities like mobilization of plants and equipments, construction of camps, construction of laboratories, erection, and commissioning of plants have been completed. Marking of centreline, erection of GPS pillars, benchmarks are also completed based on the topographic survey conducted by Concessionaire. TBM and GPS coordinates are concurred with comments by Independent Engineer. Monthly TBM checking from km 04+200 to km 121+770 is on-going process. The Total Project Management Consultants have completed all prerequisites for design of highway and structures. The designs of highway and structures have been completed. The design status of structures for which approval required from other government instrumentalities, is as follows Railway authority has approved the GAD, Design and Drawings of ROB @ km 41+296 Railway authority has approved the GAD of @ km 92+075. The Revised GAD Narmada Canal Bridge approved by SSNL vide letter No NPMCDN-1/ NHAI/AB/749 dt 29.04.12. The GADs for minor bridges at km 84+740 and km 107+917 have been approved by concerned Irrigation Authorities in December 2011 work of these structure are in progress. The status of design submission, review, concurrence, and issue of good for construction drawings for highway and structures are given in Table 4.1 & 4.2. The agreement between the Authority and BORL for carrying out the protection work at the crude oil pipe line locations has been executed. It is decided that the cost of protection shall be disbursed as per article 11.2 of Concession Agreement in the meeting held at NHAI HQ at New Delhi. The protection work of BORL pipe line114+650 and 115+440 is completed. SL No Description Table 4.1 Status of Design and Drawings-Highway Review By IE Total Scope as per CA Unit As per 12.3 12.3 Sch. B Concurred Design (c) (d) GFC Drawing Issued 1 Pavement Design Km 117.509 117.571 117.571 117.571 117.571 2 Plan & Profile Km 117.509 117.571 117.571 117.571 117.571 117.571 3 Cross Sections No 2365 2352 2345 2345 2345 2345 Remarks 4 Major Intersections (Grade separated & At Grade Junctions) No 8 8 8 8 8 8 Minor Intersections (Typical 5 No 50 50 50 50 50 50 Drawing) 6 Toll Plazas (Typical Details) No 2 2 2 2 2 2 7 Toll Plaza (Aid Posts) No 2 2 2 2 2 2 At Grade separated- 8 8 Truck Lay By No 4 4 4 4 4 4 9 Bus Bay with Bus Shelter No 28 28 28 28 28 28 10 Bus Shelters No 40 68 68 68 68 68 11 Road Signs Km 117.509 117.571 117.571 117.571 117.571 117.571 12 Street Lighting Km 14.19 14.19 14.19 14.19 14.19 14.19 Table 4.2 Status of Design and Drawings Structures 8

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III SL No Description Unit Total Scope Sch. B Final Design 12.3 (c) Review By IE as per CA 12.3 (d) Concurred National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited Good for Construction Drawing Issued 1 Major Bridges No 8 8 8 8 8 8 2 Minor Bridges No 23 29 29 29 29 29 3 Rail Over Bridge No 2 2 2 2 2 2 4 Fly Over No 3 3 3 3 3 3 5 VUP No 4 4 4 4 4 4 6 PUP No 15 15 15 15 15 15 7 Pipe Culverts No 82 115 115 115 115 115 8 Box Culverts No 8 28 28 28 28 28 9 Slab Culverts No 19 2 2-2 2 Remarks 03 minor bridges construction work is in progress as per provision of CA 4.2 Progress of Physical Construction Activities The Contractor has divided the project road in to four sections for the purpose of construction management is described below. km 04+200 to km 30+000 km 30+000 to km 60+000 km 60+000 to km 90+000 km 90+000 to 121+790 SECTION-I SECTION-II SECTION-III SECTION-IV The priority stretch is identified as section -III and section-iv considering the land availability. The contractor has started the Clearing and Grubbing, constructions of Embankments, Sub Grade, Granular Sub Base, Wet Mix Macadam, casting of Kerb, Dense Bituminous Macadam, Bituminous Concrete, Truck Lay Bay, Bus Bay, Both Toll Plaza Building, Pipe & Box culverts, Pedestrian under passes, Vehicle under Passes, Minor Bridges, Fly Over, Major Bridges, casting of Precast Girders and RE panels. The summary of progress of Highway and Structure is given in Table 4.3 & 4.4 respectively. The constructions of Toll Plazas at km 37.300 and at km 110.436 have completed. The construction of tunnel at km. 110.436 and km 37+300 is completed. Construction of administrative buildings at both locations is completed. Construction of vehicle rescue post and medical Aid post at km. 110.436 has completed. Commencement of construction of vehicle rescue post and traffic aid post at km 37.300 is being delayed due to non availability of land. Construction of truck lay byes, bus shelters are mostly completed. Lane marking, installation of sign boards, kerb painting etc are also completed in the completed stretch. Median plantation has started and completed 97%., Construction of 213 numbers water harvesting structures have completed and the work of balance numbers are in progress. Trimming of embankment slopes and slope protection works are in progress. Avenue Plantation at Balasinor bypass and from Km.109+000 to Km110+000 has been completed by the Forest Department. Kathlal bypass plantation from Km. 40+170 to 40+740 LHS and Km. 40+160 to 40+740 RHS completed, From Km.44+000 to Km.45+000 (RHS) work under progress. Table 4.3 9

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III Sl No Description Unit Total Scope (2 lane)* Progress Bar Chart (Highway) National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited Achieved Up to Cumulative Till May-14 Apr-14 Date 1 Site Clearance km 165 164.92 0 164.92 99.95 Achieved Percentage ( % ) 2 Embankment km 163.89 163.89 0 163.89 100.00 3 Sub grade km 163.89 164.84 0 164.84 100.58 4 Median and Shoulder km 333.87 322.86 4.5 327.36 98.05 5 GSB km 171.98 171.89 171.89 99.95 6 WMM km 171.98 171.85 0 171.85 99.92 7 Profile Correction km 71.76 69.89 0.5 70.39 98.09 8 DBM km 230.7 226.13 0.56 226.69 98.26 9 BC km 235.02 226.76 0.78 227.54 96.82 Concrete Drain/Strom water km 100.00 10 Drain 39.49 39.39 0.1 39.49 11 Median Drain km 23.67 21.77 1.2 22.97 97.04 12 Kerb-Casting km 272.42 238.505 2.4 240.905 88.43 13 Road Furniture km 262.4 244.72 2.1 246.82 94.06 14 DLC km 1.87 1.87 0 1.87 100.00 15 PQC km 1.87 1.87 0 1.87 100.00 Remarks 10

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited Sl No Description Unit Progress Bar Chart (Service Road) Total Scope (2 lane)* 1 Site Clearance km 27.38 2 Embankment km 27.38 3 Sub grade km 27.38 5 GSB km 27.38 6 WMM km 27.38 8 DBM km 27.38 9 SDBC km 27.38 10 Median Shoulder km 27.38 11 Kerb Casting km 27.38 Up to Apr14 May-14 Achieved Cumulative Till Date Achieved Percentage ( % ) 21.64 2.6 24.24 88.53 20.9 3.2 24.1 88.02 21.95 2.4 24.35 88.93 22.63 2.2 24.83 90.69 22.13 2.2 24.33 88.86 21.77 2.6 24.37 89.01 16.2 7.9 24.1 88.02 18.62 4.8 23.42 85.54 18.32 5.2 23.52 85.90 Remarks 11

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited Table 4.4 Progress Bar Chart (Structure) Sl No Structure Unit Sch. B Total Scope As per Design Total Started Completed In Progress % Remarks 1 Pipe (Culverts) No 82 115 115 115 0 100.00% 2 Box (Culverts) No 8 29 29 29 0 100.00% 3 Slab (Culverts) No 19 2 2 2 0 100.00% 4 Minor Bridge No 23 29 29 29 0 100.00% 5 VUP No 4 4 4 4 0 100.00% 6 PUP No 15 15 15 15 0 100% 7 Major Bridge No 8 8 8 8 0 1000% 8 Flyover No 3 3 3 3 0 100% 9 ROB No 2 2 2 2 0 100% 10 RE Panels m 2 35600 34864 0 100% 11 RE Panels - erection m 2 35600 29637 1017 99.44% * Based on Preliminary Design. 12

Four laning of Ahmedabad-Godhra section of NH-59 National Highway Authority of India basis under NHDP Phase-III M/s Essel Ahmedabad Godhra Toll Roads Limited Table 4.5 Statement for the Casting of PSC Girder Progress strip charts of highways and Structures are given in Appendix I. 13

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 4.3 Financial Progress The achievied financial progress is 0.07 % against the targeted progress of 0.24% as per the finacial programme which is less than 0.17 % of the scheduled progress. (a) Cash Flow April 2014 May 2014 Cumulative ` in Lakhs % ` in Lakhs % ` in Lakhs % 114350 98.97 82 0.07 114432 99.04 (b) Cash flow Achieved Progress As per Revised Scheduled Progress Up to April 2014 May 2014 Cumulative (` in Lakhs) % (` in Lakhs) % (` in Lakhs) 114350 98.97 82 0.07 114432 99.04 114981 99.18 456 0.24 115321 99.62 % Variation -631-0.21-374 -0.17-889 -0.58 Mile Stone I: milestone-i is achieved in the stipulated time as per schedule G of CA Mile Stone II: milestone-ii is achieved in the stipulated time as per schedule G of CA Mile Stone III: milestone-iii is achieved in the stipulated time as per schedule G of CA. Provisional Completion certificate is issued by Independent Engineer on dated.31-10-2013 and Toll Operation commenced on 02-11-2013. Financial Achievement:- NHAI has approved and released 1) 1 st Instalments of Grant Rs.22.95 Cr. through NHAI letter No NHAI/PIU-Godhra/Grant/1414 dated 17/08/ 2011. 2) 2 nd Instalment of Grant for Rs.13.5 Cr. has been recommended by Independent Engineer & approved by NHAI payment has been done NHAI/IE 3) Recommended for release of Performance security Rs 50.42 Cr to NHAI/PIU/Godhra/Performance BG/PKG1/1460 dated 30/August/2011. 4) 3 rd Instalments of Grant Rs.13.51 Cr. is released by NHAI on dated 28/01/ 2012. 5) 4 th Instalments of Grant Rs.11.45 Cr. is released by NHAI on dated. 27-04-2012 6) 5 th Instalment of Grant Rs 22.95 Cr. Is released by NHAI on dated 03-09-2012. 7) 6 th Instalment of Grant Rs 5.40 Cr. Is released by NHAI on dated 18-04-2013. 8) 7 th Instalment of Grant Rs.15.53 Cr is released by NHAI on dated.10-01-2014 9) Total Grant up to now release by NHAI is Rs 105.32 Cr. The Cash Flow details are shown in the S-Curve in Appendix II. 14

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 4.4 Materials Production and stocking of aggregates, procurement of all other construction materials are in very good progress. The stock details of materials are in Table 4.5 Table 4.5 Status of Material SL. No. Items Unit Scope Up to Apr- 2013 May-14 Cumulative Qty As of month % Remarks 1 Aggregates Mt 38,02,855 3,754,888 0 3,754,888 100 2 River Sand Mt 1,29,572 128,779 0 128,779 100 3 Steel Mt 13,600 13,844 0 13,844 100 4 Bitumen Mt 34,790 34,063 0 34,063 100 5 Cement Mt 68,320 71,434 0 71,434 100 6 Elastomeric Neoprene Bearing Nos 880 880 0 880 100 7 POT cum PTFE No 640 554 0 554 100 Mile Stone Project Completion Schedules (Milestones) Description Target Date & Amount Remarks Mile Stone -I Commencement of Highway Construction and not less than 10 % expenditure of the Total Capital Cost on 180 th day from the Appointed Date 24 th une 2011 (Rs-115.54 Cr.) Achieved with in stipulated date as per Concession Agreement. Mile Stone -II Commencement of all Bridges Construction and not less than 35 % of the Total Capital Cost on 365 th day from the Appointed Date 26 th Dec 2011 (Rs- 404.39 Cr.) Achieved with in stipulated date as per Concession Agreement. Mile Stone -III Commencement of all Project Facilities and not less than 70% expenditure of the Total Capital Cost on 550 th day from the Appointed Date 28 th June 2012 (Rs- 808.78 Cr.) Achieved on 12-08- 2013 Scheduled 4 Laning date Scheduled four laning date shall occur on 910 th Appointed Date day from the 24 th June 2013 (Rs-1155.40 Cr.) Work Completion length of 105.311 Km Independent Engineer issues the Provisional Completion Certification on dated.31-10-2013, Toll Operation Started on dated.02-11-2013 Up to 7th March 2014 (EOT recommended by IE) 15

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 4.6 Construction Programme The detailed Engineering, Procurement, and Construction time schedule with respect to the project completion schedule is reviewed and concurred by the Independent Engineer. 4.7 Mobilization of Plant and Equipment Contractor has mobilized good number of plants and equipment s at project site to perform the construction activities. Four of RMC plants, two WMM plants, and two stone crushers and three Hot Mix plants have been mobilized. The Contractor has demobilized three RMC Plants one Stone Crusher and two Hot Mix Plant after 90% completion of the Project. Status of Contractor s Plant and Equipment mobilization is shown in Appendix- X 5. Quality Control and Materials 5.1 Testing of Materials The contractor has established four fully equipped site laboratories at camps 1, 2, 3, & 4. Testing of all materials is being conducted in these laboratories. The Contractor has closed the laboratory in Camp 1,3 and 4 and shifted major equipments to other labs. Quality assurance procedure is concurred by the Independent Engineer. Quality control tests are conducted as per the frequency requirements stipulated in MOST&H Specifications. Manufacturer s test certificates are also obtained for equipment s and manufactured materials. Details of the quality control test conducted in the month of May 2014 are appended in Appendix- V, VI and VII. 5.2 Testing and Approval of Plants and Equipments All plants and equipments used for testing, and production of materials confirms requirements of the specification and quality assurance procedure. 5.3 Construction Methodology The detailed construction methodology for all the items of works including machineries proposed to use and sequence of operations, and machinery requirement are approved by TPMC as per specification. Submission, review, and concurrence of construction methodology by Independent Engineer are ongoing process. 5.4 Crushed Stone Aggregates The source approval of Danadara and Sadbhav quarries has been accorded by TPMC and reviewed by IE. Sampling and testing of aggregates produced from the Danadara crushers using rubble from the quarry are being carried out on routine basis as per specification requirements. 5.5 Fly Ash Samples of fly ash are collected from the Wanakbori Thermal Power Station and tests for the verification of physical and chemical properties have been carried out. Construction methodology of embankment construction with fly ash is concurred by Independent Engineer. The Contractor has completed all formalities for the procurement of fly ash from the Thermal Power Station work under progress with fly ash. 5.6 Borrow Areas (Soil) Testing of borrow area material for Embankment/Sub grade are on-going process for approval. 93 borrow areas which conform to specifications requirements have been recommend by TPMC and same was concurred/ concurred with comments by IE up to the end of May 2014. 16

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 5.7 Concrete Mix Designs (JMF) Concrete mix designs of M15, M20 grades for PCC, M25, M30, M35 grades for RCC and M35 grade for RE Panels, M35 grade for Bored Piles, M40 and M45 grades for PSC Girders and Mix design for Dry Lean concrete (DLC) & Paving Quality concrete (PQC) have been recommended by TPMC and reviewed and concurred/concurred with comments by Independent Engineer. Mix designs of M40 RCC for pile foundation and M50 grade & M-60 Grade Mix Design are concurred by IE. List is appended in Appendix- VIII. 5.8 Granular Sub Base Source approval for Granular Sub base (GSB) material from Sadbhav, Danadara and Mainpura crushers and natural material from Mahisagar River blended with crusher dust have been recommended by TPMC and concurred by Independent Engineer are appended in Appendix- IX 5.9 Wet Mix Macadam The mix design of WMM (JMF) from Sadbhav and Danadara crusher sources have been recommended by TPMC and concurred by Independent Engineer as below SL No. Description Source Letter Ref. No Date Remarks Sadbhav 1 Mix Design of WMM IE/TL/AG/EAGTRL/035/2010 11/22/2010 Concurred Crusher Dhanadhra 2 Mix Design of WMM EAGTRL/05.16/315/11 5/26/2011 Concurred Quarry 5.10 Semi Dense Bituminous Concrete Semi Dense Bituminous Concrete (Grade II) has been recommended by TPMC & concurred with comments by Independent Engineer as below SL. No. Description 1 SDBC mix design (grading-ii) 2 SDBC mix design (grading-ii) Source Sadbhav Crusher Dhanadhra Quarry IE Letter Ref. No Date Remarks EAGTRL/05.15/236/11 EAGTRL/05.15/237/11 3 rd May 2011 Comments 3 rd May 2011 Comments 5.11 Dense Bituminous Macadam Dense Bituminous Macadam (Grade I & II) Job Mix design recommended by TPMC & is reviewed and concurred with comments by Independent Engineer are appended below SL No. Description Source Letter No Date Remarks 1 DBM Mix Design (Grade-I) Dhanadhra Crusher EAGTRL/05.15/291/11 19-May-11 Concurred with comments 2 DBM Mix Design (Grade-I) Sadbhav Crusher EAGTRL/05.14/122/11 28-Mar-11 Concurred 3 DBM Mix Design (Grade-II) Dhanadhra Crusher EAGTRL/05.15/67/11 7-Mar-11 Concurred 4 DBM Mix Design (Grade-II) Sadbhav Crusher EAGTRL/05.15/290/11 19-May-11 5 DBM Mix Design (Grade-I) Sadhbav Crusher EAGTRL/05.15/311/12 26-March-12 6 DBM Mix Design (Grade-II) Sadhbav Crusher EAGTRL/05.15/227/12 2-March-12 7 DBM Mix Design (Grade-II) Sadhbav Crusher EAGTRL/05.15/223/12 3-March-12 Concurred with comments Concurred with Comment Concurred with Comment Concurred with Comment 17

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 5.12 Bituminous Concrete Job Mix Designs of Bituminous Concrete with VG-30 are recommended by TPMC & concurred with comments by Independent Engineers. SL Description Source Letter No Date Remarks No. 1 BC Mix Design (Grade-II) Sadbhav Crusher EAGTRL/05.15/950/11 21-Nov-11 2 BC Mix Design (Grade-II) Dhanadhra Crusher EAGTRL/05.14/970/11 28-Nov-11 3 BC Mix Design (Grade-II) Sadbhav Crusher EAGTRL/05.15/278/12 19-March-12 4 BC Mix Design (Grade-II) Dhanadhra Crusher EAGTRL/05.15/278/11 19-March-12 5 6 Rev BC Mix Design (Grade- II) Rev BC Mix Design (Grade- II) Sadbhav Crusher EAGTRL/05.15/743/12 21-July-12 Dhanadhra Crusher EAGTRL/05.15/877/12 04-Sept-12 Concurred with comments Concurred with comments Concurred with comments Concurred with comments Concurred with comments Concurred with comments 5.13 Mastic Asphalt SL Description Source Letter No Date Remarks No. 1 Mastic Asphalt 25 mm To 50 mm Sadbhav Crusher EAGTRL/05.15/150/12 13-Feb-12 Concurred 2 Mastic Asphalt 25 mm To 50 mm Danadara Crusher EAGTRL/05.14/732/12 13-Oct-12 Concurred 5.14 Paving Quality Concrete PQC SL No. Description Source Letter No Date Remarks 1 Mix Design of M40 Grade PQC Danadara Crusher EAGTRL/05.14/557 04-May-12 2 Mix Design of M40 Grade PQC Sadbhav Crusher EAGTRL/05.14/558 07-May-12 Concurred with Comment Concurred with Comment 5.15 Paving Quality Concrete DLC SL Description Source Letter No Date Remarks No. 1 DLC Danadara Crusher EAGTRL/05.14/730/11 13-Nov-11 2 DLC Sadbhav Crusher EAGTRL/05.14/867/11 24-Oct-11 Concurred with Comment Concurred with Comment 5.16 Source Approval of Materials The following sources of materials have been approved by TPMC and reviewed by Independent Engineer as detailed in Table 5.10. Table 5.10 Material Sources Sl. No Material Grade Source Remark 1 Coarse Aggregate All Size Dhanadhra Sadbhav Mainpura 2 Fine Aggregate Panam River, Orsang River Mahisagar Tests as per QAP Provisions Tests as per QAP Provisions 3 Bitumen VG-30 IOCL, HPCL, BPCL, Essar For DBM & BC 4 Bitumen 10/20 pen Tiki Tar For Mastic Asphalt 5 Steel TMT, Fe 415/500 Shyam Steel, TATA, SAIL, RINL Varasana Ispat, Jindal Steel &.Essar Steel Tests as per QAP Provisions 18

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III 6 Bitumen Emulsion Hindustan Colas Limited 7 Cement OPC 43&53 Ultratech, Ambuja,Kamal, Jaypee, J.K Laxmi, Binani, Koromandal National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited Tests as per QAP Provisions Tests as per QAP Provisions 8 Admixtures 9 Tendons, Bearings HT Strands, Joints 10 Hume Pipe NP4 POT/PTFE Electrometric 11 Steel Girder Composite 12 Geo Strap 20-37.5-50 KNs Forsco, BASF,Don Construction Chemicals Sika,DISR Usha Martin, Dynamic Pre-Stress (India) Pvt. Ltd,Polymer Products, Sanfield India, Vigyashree Sharoda Infrastructure Ltd., Construction Equipment company. Lakshmi pipe factory /Giriraj Hume pipe Industries, Pushti pipe factory Standard Belex India Pvt. Ltd., Maruthi Steel Fab and M/s.Mukhtar Foundation for Supply and Fabrication of Steel Girder Reinforced Earth India Pvt Ltd. 13 Toll Collection System IRD Company South Asia Pvt Ltd. 14 W Beam Crash Barrier Kay Kay Scaffolding Pvt Ltd 15 Paint for Road Marking Auto mark Industries Pvt Ltd. Tests as per QAP Provisions Tests as per QAP Provisions Tests as per QAP Provisions Tests as per QAP Provisions Tests as per QAP Provisions Tests as per QAP Provisions Tests as per QAP Provisions 6. Details of Plant, Equipment, Machinery The contractor has mobilized sufficient number of plants equipments and machineries at site/camp for the construction activities. Detailed list of plants, equipments, and machineries are given in Appendix-X. 7. Status of Land Acquisition The acquisition process for land required for the project development is in good progress. Additional requirement of land also identified and communicated to Independent Engineer/NHAI for review and further necessary actions. The district wise details of land requirement and status of acquisition process are tabulated in Table 7.1 respectively. The non availability of site due to delay in completing land acquisition has slowed down the progress of construction activities. Table-7.1 Status of Land Acquisition STATUS OF PRIVATE LAND Sl. No. Description Area in Ha. Gazette Notification from NHAI 3A 3D 3G Award Awarded by CALA 1 2 3 Private Land vested with Central Government as per 3(A) Notification as per NH act Private Land vested with Central Government as per 3(D) Notification as per NH act Private Land vested with Central Government as per (3G) Notification as per NH act 4.57 4.75 - - - 0.00 - - - - 356.27 356.27 356.27 352.97 352.97 19

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 4 5 Clear Land of Existing Road Carriageway Available Reserve / Protected Forest Formal Approval from MoEF 85.56 - - - - 196.52 - - - - 6 Government Land transferred 52.94 - - - - 8. Status of Removal of Encumbrances Table 8.1 Electrical Poles Sl No Authority Unit Total Scope Work Done Balance Remarks 1 UGVCL No 622 622 0 Shifting work completed 2 MGVCL No 1528 1528 0 Shifting work completed 3 TORRENT No 107 107 0 Shifting work completed 4 GETCO ( H.T Line) Location 8 8 0 Shifting work completed Table 8.2 Water Pipe Lines Competent Authority Unit Scope By Corporate Office GWSSB By NHAI Shifting Status Supervision Charges by NHAI Shifting Remarks GWSSB Kheda Km 74 Estimation Completed Estimate Approved Supervision Charges Paid to GWSSB Shifting work is completed Testing Completed and Work Completion Certificate issued. Table 8.3 Temporary Structures / Permanent Structures Description Unit Scope Valuation Done by Agency Certification DLR and R&B Shifting Status Submitted to NHAI HQ / CALA Compensation Shifting / Removal of Structures mutually Agreed Ahmedabad Nos 415 Completed Completed Completed Kheda Nos 561 Completed Completed Completed Compensation is in progress to be expedited. Compensation is in progress to be expedited. 345 542 20

Four laning of Ahmedabad-Godhra section of NH-59 National Highway Authority of India basis under NHDP Phase-III M/s Essel Ahmedabad Godhra Toll Roads Limited Compensation is in Godhra Nos 200 Completed Completed Completed progress to be 189 expedited Temples Nos. 71 Completed Completed Completed 59 Table 8.4 District wise List of Temples Particulars of Land Acquisition Ahmedabad Kheda Panchmahal Total Total No. Of Temples 21 44 6 71 Total No. Of Temples Shifted 11 44 4 59 Balance 10 0 2 12 9. Permit/Approval and Insurance :- Pursuant to the provisions of the contract, the contactor has to obtain various permits and approval of competent authorities. Details are given in Appendix-XI. 10. Safety and Environmental Table 10.1 Safety Sl No Description Status Remarks 1 Traffic management plan Reviewed and Concurred 2 Safety Sign Boards Implemented 3 PPE Implemented 4 Disposal of Waste Materials & Oil Spillage Implemented 5 Housekeeping in Camps Implemented 6 Area Barricading & Diversion Plan Implemented 10.2 Tree Cutting The cuttings of trees are being carried out based on the approval of competent authority. It is carried out with all safety requirements. Tree cutting has completed. Status of tree cutting is given in the Table. 10.2. Table 10.2 Status of Tree Cutting Particulars Unit Section-I Section-II Section-II Section-IV Total Tree to be cut No 6035 2508 4489 1450 14482 Cutting completed No 6035 2508 4489 1450 14482 10.3 Compensatory Plantation of Trees/ Avenue Plantation/Median Plantation Compensatory plantation programme of work for tree as per guidelines of MOEF is submitted for the approval of IE. Same is reviewed and commented Approved by Independent Engineer. The works of avenue tree plantation and median plantation is almost completed. 10.4 Pollution Control on Site Detailed programme for pollution control and mitigation is submitted to Independent Engineer with EMAP for review; same is reviewed and commented by Independent Engineer. Water Quality, Noise level and Air Quality testes have been conducted and submitted to IE for review. 10.5 Dust Control at Site & Crusher Locations The contractor has make arrangements for regular sprinkling of water for controlling dust at constructions site and crusher site as per the EMAP. 21

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited 11. Maintenance of existing carriageway/diversions Maintenance of existing carriageway has been carried out for the entire stretch of the project highway. 12. Non Confirming Product Notification Up to the end of this month Independent Engineer has issued 403 NCPN out of which 403 NCPN have been closed 0 is balance. 14. Site Visit & Review Meetings Site Inspection is carried out by the Independent Engineer on dated.17-05-2014 15. Weather Weather report for the month of May 2014 is appended see Appendix-XIII. 16. Concessionaire Comments Mile Stone I, Mile Stone II and Mile Stone III have been achieved as per Schedule G of the Concession Agreement. Independent Engineer issues the Provisional Completion Certification on dated.31-10-2013, Toll Operation Started on dated.02-11-2013 17. Issues Requires Attention State own Govt. Land till not transferred to MoRTH / NHAI Due to non execution of State support agreement NHAI/Concessionaire is not able to get the state Government support and co operation required in the implementation of the project. The Disbursement of Compensation of land/structure/ Trees etc. is very slow by CALA for Ahmedabad and Kheda District. Payment of compensation in Ahmedabad district is to be expedited especially singarwa and Chandiyal villages. Acquisition of land required for Toll Plaza-I, Pithai, Sonipur and other highway facilities are to be expedited Reimbursement of Tree Cutting as per the provision of Article 11.4 of Concession Agreement to be expedite. Reimbursement of Shifting / raising of H.T.Lines as per the provision of Article 11.2 of Concession Agreement to be expedited. In principal approval for Shifting of GWSSB & Water Pipe in kanbha bypass to be expedited. In principal approval for additional structures demanded by local villagers. 22

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Limited Appendices 23

Annexure I :Strip Chart of Physical Progress- Highway 24

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Annexure II : Strip Chart of Structures Strip Chart of Physical Progress-Structure (Pipe Culvert) 28

Strip Chart of Physical Progress-Structure (Pipe Culvert) 29

Strip Chart of Physical Progress-Structure (Pipe Culvert) 30

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BOX STRUCTURE PROTAL FRAMES. 34

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ANNEXURE -III S CURVE PHYSICAL PROGRESS 51

NATIONAL HIGHWAY AUTHORITY OF INDIA ESSEL AHEMADABAD GODHRA TOLL ROADS LIMITED FOUR LANING OF AHMEDABAD TO GODHRA SECTION OF NH-59 FROM Km 4+200 TO Km 122+420 IN THE STATE OF GUJARAT ON DESIGN,BUILD,FINANCE,OPERATE AND TRANSFER(DBFOT) BASIS UNDER NHDP PHASE -III Item No. Description 1 Site Clearance,Dismantling & Earth Work 2 Sub Base & Base Courses(Non Bituminous) 3 Bituminous Courses 4 Drainage & Protective Works YEAR & MILE STONES Weightage (%) 16.41% 17.15% 30.33% 6.17% Start Date End Date Duration in Days Working Days & Length (m) 250 Jan-11 Feb-11 MILE STONE-I Mar-11 Apr-11 May-11 Jun-11 MILE STONE-II MILE STONE-III 2011 2012 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 PHYSICAL PROGRESS Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 SCHEDULED 4-LANE 2013 2014 793 594 30 28 30 30 30 10 0 16 30 30 30 30 30 29 30 30 30 15 0 15 30 30 25 12 12 12 27-Dec-10 27-Feb-13 594 38566 1,948 1,818 1,948 1,948 1,948 649 0 1,039 1,948 1,948 1,948 1,948 1,948 1,883 1,948 1,948 1,948 974 0 974 1,948 1,948 1,623 779 779 779 199 11355 1,978 5,194 2,049 2,134 232.11 232.30 30 232.33 33 232.34 34 232.42 232.46 232.50 232.58 232.61 232.61 232.74 232.82 764 504 26 30 30 30 2 0 5 30 30 30 30 30 29 30 30 30 12 0 8 15 15 15 15 10 12 10 228.14 03-Feb-11 08-Mar-13 504 40300 2,079 2,399 2,399 2,399 160 0 400 2,399 2,399 2,399 2,399 2,399 2,319 2,399 2,399 2,399 960 0 640 1,199 1,199 1,199 1,199 800 960 800 222.47 90 260 10172 535 5,411 1,117 3,108 220.34 218.67 812 549 30 30 30 0 0 0 30 30 30 30 30 29 30 30 30 0 0 15 25 24 24 26 24 15 15 12 10 211.07 01-Mar-11 21-May-13 549 71283 3,895 3,895 3,895 0 0 0 3,895 3,895 3,895 3,895 3,895 3,765 3,895 3,895 3,895 0 0 1,948 3,246 3,116 3,116 3,376 3,116 1,948 1,948 1,558 1,298 263 8417 4,038 1,131 3,248 6.42424 6.42424 6.42424 6.42424 6.42424 6.42424 6.42424 6.42424 6.42424 6.42424 205.14 6.42424 201.62 537 525 200 25 10 15 30 30 30 30 30 29 30 30 30 30 10 24 24 24 24 24 18 198.77 497 80 27-Jul-11 14-Jan-13 525 14510 691 276 0 415 829 829 829 829 829 802 829 829 829 829 276 663 663 663 663 195.96 196.32 663 497 12 0 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 2014 May-14 Jun-14 Remarks 100 5 Traffic Signs,Marking & Road Appurtenances 6 Rehabilitation of Bridges/Culverts 7 Culverts 8 Minor Bridge 9 Subways/FOB/VUP/PUP 10 Major Bridge 11 ROB,Flyover 12 Maintenance of Roads 13 Toll Plaza 14 Project Amenities 15 Environmental Plan 16 Bus/Truck Lay Bay 17 Miscellaneous Works Scheduled Achieved 2.22% 0.04% 1.43% 1.70% 1.33% 12.79% 1.82% 0.79% 4.35% 0.08% 0.80% 0.95% 1.64% 595 476 15 30 30 30 30 30 29 30 30 30 15 15 24 24 185.68 24 24 24 12 10 456 26-Jul-11 12-Mar-13 476 5224 165 329 329 329 329 329 318 329 329 329 165 0 165 263 263 263 263 263 132 110 119 0 70 409 310 11 30 29 30 30 30 0 0 0 30 172.72 30 30 30 30 19-Dec-11 31-Jan-13 310 94 3 9 9 9 9 9 0 0 0 168.61 9 9 9 9 9 99 0 163.18 158.82 333 265 30 28 30 30 30 12 0 15 30 30 30 155.32 01-Jan-11 30-Nov-11 265 3356 150 380 355 380 380 380 152 0 190 380 380 380 60 68 1311 201 649 141 320 654 501 10 20 20 25 25 10 0 30 30 30 30 30 30 30 30 30 143.11 26 20 0 25 25 25 451 10-Jan-11 25-Oct-12 501 3995 80 159 159 199 199 80 0 239 239 239 239 239 239 239 239 239 207 159 0 199 199 199 153 308 87 221 134.27 438 328 30 30 30 10 0 16 30 30 30 30 30 29 30 3 328 50 21-Jan-11 03-Apr-12 328 3136 287 287 287 96 0 153 287 287 287 287 287 277 287 121.00 29 110 579 145 217 217 763 579 30 30 10 0 16 30 30 30 30 30 29 111.13 30 30 30 15 0 15 24 26 24 22 22 16 15 14-Feb-11 18-Mar-13 579 30059 1,557 1,557 519 0 831 1,557 1,557 1,557 1,557 1,557 1,506 1,557 1,557 1,557 779 0 779 1,246 1,350 1,246 1,142 1,142 831 779 184 686 397 289 100 40 335 252 17 30 10 0 16 30 30 30 30 24 22 13 8 5 265 13-Apr-11 13-Mar-12 252 4278 289 509 170 0 272 509 509 509 509 94.50 407 374 221 136 85 83 0 489 417 30 28 30 30 30 10 0 16 30 30 30 30 30 29 30 30 4 01-Jan-11 04-May-12 417 1860 134 125 134 134 134 45 0 71 134 134 134 134 79.68 134 129 134 134 18 30 72 513 134 125 120 134 365 201 70.21 10 20 20 20 20 20 20 10 0 15 16 15 15 15-Nov-11 14-Nov-12 201 10223 509 1,017 1,017 1,017 1,017 1,017 1,017 509 0 763 814 763 763 62.38 164 0 59.70 57.01 365 191 10 0 15 30 30 30 30 30 16 15-Nov-11 14-Nov-12 191 179 50 9 0 14 28 28 28 28 28 15 51.34 20 174 0 43.69 880 683 30 28 30 30 30 10 0 16 30 30 30 30 30 29 30 30 30 15 0 15 30 30 30 30 30 15 15 15 15 27-Dec-10 25-May-13 683 1870 76 77 82 82 82 27 0 44 82 82 82 82 82 79 82 82 82 41 0 41 82 82 82 82 82 41 41 41 41 34.55 197 292 76 75 65 76 10 139 142 5 28 30 30 30 19 24.69 31-Jan-13 19-Jun-13 142 2221 78 438 469 469 469 297 19.23-3 0 696 479 30 30 30 30 30 29 30 30 30 15 0 15 30 30 30 30 12 12 12 12 12 15 494 26-Jul-11 21-Jun-13 479 3865 242 242 242 242 242 234 242 242 242 121 0 121 242 242 242 242 97 97 97 97 97 121 0 3.37 217 0 0 0 Sheduled % 1.44 6.75 2.32 4.20 3.89 3.26 2.41 1.41 0.91 3.33 4.03 6.31 7.08 4.20 5.56 3.71 5.12 1.47 1.83 2.28 1.72 5.44 4.31 0.15 1.03 1.20 1.48 2.50 3.20 0.70 0.90 2.40 1.68 0.08 0.04 0.02 0.34 0.18 0.13 0.34 0.43 0.24 Cumulative Sheduled in % 1.44 8.18 10.51 14.70 18.59 21.85 24.26 25.67 26.58 29.91 33.94 40.25 47.33 51.53 57.09 60.80 65.92 67.38 69.21 71.49 Achieved 73.21 Scheduled 78.65 82.96 83.11 84.14 85.34 86.82 89.32 92.52 93.22 94.12 96.52 98.20 98.28 98.32 98.34 98.68 98.86 98.99 99.33 99.76 100.00 Monthly (m) 3,374 15,860 5,457 9,860 9,140 7,650 5,670 2,686 2,686 7,828 9,468 14,825 16,629 9,867 13,267 8,840 12,213 3,495 4,363 5,436 4,101 12,968 10,274 362 2,450 2,852 3,517 5,930 7,605 1,664 2,128 5,675 3,972 190 25 13 79 41 41 107 136 76 Cumulative Length in Km 0 3.37 19.23 24.69 34.55 43.69 51.34 57.01 59.70 62.38 70.21 79.68 94.50 111.13 121.00 134.27 143.11 155.32 158.82 163.18 168.61 172.72 185.68 195.96 196.32 198.77 201.62 205.14 211.07 218.67 220.34 222.47 228.14 232.11 232.30 232.33 232.34 232.42 232.46 232.50 232.61 232.74 232.82 Achived % 1.44 6.75 2.32 4.20 3.89 3.26 2.41 1.41 0.91 3.33 4.03 6.31 7.08 4.20 5.56 3.71 5.12 1.47 1.83 2.28 1.72 5.44 4.31 0.15 1.03 1.20 1.48 2.50 3.20 0.70 0.90 2.40 1.68 0.08 0.04 0.02 0.34 0.18 0.13 0.25 0.10 0.00 Cumulative Sheduled in % 1.44 8.18 10.51 14.70 18.59 21.85 24.26 25.67 26.58 29.91 33.94 40.25 47.33 51.53 57.09 60.80 65.92 67.38 69.21 71.49 73.21 78.65 82.96 83.11 84.14 85.34 86.82 89.32 92.52 93.22 94.12 96.52 98.20 98.28 98.32 98.34 98.68 98.86 98.99 99.24 99.34 99.34 Monthly (m) 0 3,374 15,860 5,457 9,860 9,140 7,650 5,670 2,686 2,686 7,828 9,468 14,825 16,629 9,867 13,267 8,840 12,213 3,495 4,363 5,436 4,101 12,968 10,274 362 2,450 2,852 3,517 5,930 7,605 1,664 2,128 5,675 3,972 190 25 13 79 41 41 79 31 Cumulative (Km) 0 3.37 19.23 24.69 34.55 43.69 51.34 57.01 59.70 62.38 70.21 79.68 94.50 111.13 121.00 134.27 143.11 155.32 158.82 163.18 168.61 172.72 185.68 195.96 196.32 198.77 201.62 205.14 211.07 218.67 220.34 222.47 228.14 232.11 232.30 232.33 232.34 232.42 232.46 232.50 232.58 232.61 Description Activity Duration in Days Duration from Start Date to End Date Working Days & Length (m) Working Days Length in (M) Scheduled Length in (M) Achieved Scheduled Achieved Appendix-II

ANNEXURE -IV S CURVE FINANCIAL PROGRESS 53

Item No. Description FOUR LANING OF AHMEDABAD TO 140000 GODHRA SECTION OF NH-59 FROM Km 4+200 TO Km 122+420 IN THE STATE OF GUJARAT ON DESIGN,BUILD,FINANCE,OPERATE AND TRANSFER(DBFOT) BASIS UNDER NHDP PHASE -III FINANCIAL PROGRAMME (S - CURVE & CASH FLOW) MILE STONE-I MILE STONE-II MILE STONE-III YEAR & MILE STONES 2011 2011 2012 BOQ Amount Weightage (%) ` in Lakhs Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 SCHEDULED 4-LANE 2013 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 II.S Curve (Financial Progress) 2014 2014 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Remarks 5% 5% 5% 5% 5% 2% 1% 2% 5% 5% 5% 5% 5% 5% 5% 5% 5% 2% 1% 2% 5% 5% 5% 5% 1 Site Clearance,Dismantling & Earth Work 15,551.16 13.46 777.56 777.56 777.56 777.56 777.56 311.02 155.51 311.02 777.56 777.56 777.56 777.56 777.56 777.56 777.56 777.56 777.56 311.02 155.51 311.02 777.56 777.56 777.56 777.56 100.0 2 Sub Base & Base Courses(Non Bituminous) 16,250.11 14.06 120000 4% 5% 6% 6% 2% 1% 2% 5% 5% 5% 6% 6% 6% 6% 6% 5% 2% 1% 2% 5% 5% 5% 4% 650.00 812.51 975.01 975.01 325.00 162.50 325.00 812.51 812.51 812.51 975.01 975.01 975.01 975.01 975.01 812.51 325.00 162.50 325.00 812.51 812.51 812.51 650.00 1% 4% 5% 3% 1% 3% 5% 5% 5% 7% 7% 6% 6% 6% 6% 2% 1% 3% 4% 5% 5% 5% 2% 2% 1% 3 Bituminous Courses 28,743.55 24.88 287.44 1149.74 1437.18 862.31 287.44 862.31 1437.18 1437.18 1437.18 2012.05 2012.05 1724.61 1724.61 1724.61 1724.61 574.87 287.44 862.31 1149.74 1437.18 1437.18 1437.18 574.87 574.87 287.44 90.0 2% 1% 1% 2% 6% 6% 6% 6% 6% 6% 6% 7% 7% 2% 1% 2% 7% 7% 7% 7% 5% 4 Drainage & Protective Works 5,851.06 5.06 117.02 58.51 58.51 117.02 351.06 351.06 351.06 351.06 351.06 351.06 351.06 409.57 409.57 117.02 58.51 117.02 409.57 409.57 409.57 409.57 292.55 1% 5% 5% 5% 5% 5% 5% 6% 6% 6% 5% 5% 5% 6% 5% 5% 6% 6% 6% 2% 6 Traffic Signs,Marking & Road Appurtenances 2,106.63 1.82 100000 21.07 105.33 105.33 105.33 105.33 105.33 105.33 126.40 126.40 126.40 105.33 105.33 105.33 126.40 105.33 105.33 126.40 126.40 126.40 42.13 80.0 2% 4% 7% 7% 7% 4% 4% 1% 1% 8% 8% 9% 9% 9% 8% 7% 5% 7 Rehabilitation of Bridges/Culverts 37.74 0.03 0.75 1.51 2.64 2.64 2.64 1.51 1.51 0.38 0.38 3.02 3.02 3.40 3.40 3.40 3.02 2.64 1.89 12% 12% 12% 12% 12% 4% 2% 4% 12% 12% 6% 8 Culverts 1,353.35 1.17 162.40 162.40 162.40 162.40 162.40 54.13 27.07 54.13 162.40 162.40 81.20 5% 6% 6% 6% 6% 3% 1% 2% 6% 6% 6% 6% 6% 6% 6% 6% 6% 2% 2% 2.0% 3% 2% 70.0 9 Minor Bridge 1,610.83 1.39 80.54 96.65 96.65 96.65 96.65 48.32 16.11 32.22 96.65 96.65 96.65 96.65 96.65 96.65 96.65 96.65 96.65 32.22 32.22 32.22 48.32 32.22 8% 9% 9% 9% 9% 3% 2% 3% 7% 7% 7% 7% 8% 6.0% 6.0% 9 Subways/FOB/VUP/PUP 1,264.39 1.09 80000 101.15 113.80 113.80 113.80 113.80 37.93 25.29 37.93 88.51 88.51 88.51 88.51 101.15 75.86 75.86 4% 5% 5% 5% 5% 2% 1% 2% 5% 5% 5% 5% 5% 5% 5% 5% 5% 2% 1% 2% 4% 4% 4% 4% 4% 1% 60.00 10 Major Bridge 12,120.81 10.49 484.83 606.04 606.04 606.04 606.04 242.42 121.21 242.42 606.04 606.04 606.04 606.04 606.04 606.04 606.04 606.04 606.04 242.42 121.21 242.42 484.83 484.83 484.83 484.83 484.83 121.21 3% 10% 6% 2% 8% 12% 12% 12% 12% 12% 11% 11 ROB,Flyover 1,725.23 1.49 12 Maintenance of Roads 749.83 0.65 51.76 172.52 103.51 34.50 138.02 207.03 207.03 207.03 207.03 207.03 189.77 7% 7% 7% 6% 6% 5% 5% 5% 4% 4% 4% 4% 4% 4% 4% 3% 3% 3% 3% 3% 3% 3% 3% 52.49 52.49 52.49 44.99 44.99 37.49 37.49 37.49 29.99 29.99 29.99 29.99 29.99 29.99 29.99 22.49 22.49 22.49 22.49 22.49 22.49 22.49 22.49 Actual Scheduled 50.0 13 Toll Plaza 4,122.12 3.57 60000 8% 10% 15% 15% 14% 12% 10% 11% 5% 329.77 412.21 618.32 618.32 577.10 494.65 412.21 453.43 206.11 14 Project Amenities 72.19 0.06 8% 10% 14% 14% 14% 12% 12% 12% 4% 5.78 7.22 10.11 10.11 10.11 8.66 8.66 8.66 2.89 40.0 3% 3% 3% 4% 3% 2% 1% 2% 3% 4% 5% 5% 5% 4% 4% 4% 4% 3% 1% 2% 3% 4% 4% 4% 4% 4% 4% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 15 Environmental Plan 753.91 0.65 22.62 22.62 22.62 30.16 22.62 15.08 7.54 15.08 22.62 30.16 37.70 37.70 37.70 30.16 30.16 30.16 30.16 22.62 7.54 15.08 22.62 30.16 30.16 30.16 30.16 30.16 30.16 22.62 22.62 15.08 15.08 15.08 15.08 15.08 15.08 15.08 15.08 15.08 15.08 15.08 15.08 15.08 16 Bus/Truck Lay Bay 895.74 0.78 40000 10% 15% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 89.57 134.36 223.93 223.93 223.93 223.93 223.93 223.93 223.93 223.93 223.93 223.93 223.93 223.93 223.93 223.93 223.93 30.0 3% 4% 4% 4% 4% 2% 1% 2% 4% 4% 4% 4% 5% 5% 4% 4% 4% 2% 1% 1% 4% 4% 4% 5% 5% 4% 4% 4% 17 Miscellaneous Works 1,558.35 1.35 46.75 62.33 62.33 62.33 62.33 31.17 15.58 31.17 62.33 62.33 62.33 62.33 77.92 77.92 62.33 62.33 62.33 31.17 15.58 15.58 62.33 62.33 62.33 77.92 77.92 62.33 62.33 62.33 18 Pre Operative and Other Costs 5,449.00 4.72 100.00% 5449.00 20.0 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 19 Independent Engineer & Design Consultant 1,895.00 1.64 75.80 75.80 75.80 75.80 75.80 75.80 75.80 75.80 75.80 75.80 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 56.85 20 Financing Expenses 2,132.00 1.85 20000 100.00% 2132.00 10.0 14.29% 5.50% 5.21% 4.00% 4.00% 3.00% 1.00% 1.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 3.00% 3.00% 3.00% 3.00% 1.00% 1.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 21 Interest During Construction 11,297.00 9.78 1613.86 621.34 588.57 451.88 451.88 338.91 112.97 112.97 451.88 451.88 451.88 451.88 451.88 451.88 338.91 338.91 338.91 338.91 112.97 112.97 338.91 338.91 338.91 338.91 338.91 338.91 338.91 112.97 112.97 112.97 112.97 112.97 112.97 112.97 112.97 112.97 112.97 112.97 112.97 112.97 112.97 112.97 PROGRESS TOTAL CAPITAL COST Actual in % Scheduled in % Variance (%) Cash Flow in Lakhs 115,540.00 100 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 32 33 32 33 32 33 34 35 36 Monthly 17.88% 5.16% 3.90% 4.86% 3.69% 3.64% 3.07% 1.31% 1.45% 8.36% 4.02% 5.81% 3.34% 3.73% 4.88% 1.05% 6.62% 0.83% 0.54% 0.88% 0.66% 1.10% 1.06% 0.14% 0.47% 1.00% 2.36% 1.19% 3.58% 1.29% 0.27% 0.40% 0.10% 0.09% 0.02% 0.06% 0.02% 0.03% 0.11% 0.03% 0.07% 0.00% Cumulative 17.88% 23.04% 26.93% 31.79% 35.48% 39.12% 42.19% 43.50% 44.95% 53.31% 57.33% 63.14% 66.48% 70.21% 75.09% 76.14% 82.76% 83.59% 84.13% 85.01% 85.67% 86.77% 87.83% 87.98% 88.45% 89.44% 91.80% 92.99% 96.56% 97.85% 98.12% 98.52% 98.62% 98.70% 98.73% 98.78% 98.80% 98.83% 98.94% 98.97% 99.04% 99.04% Monthly 17.88% 5.16% 3.90% 4.86% 3.69% 3.64% 3.07% 1.31% 1.45% 8.36% 4.02% 5.81% 3.34% 3.73% 4.88% 1.05% 6.62% 0.83% 0.54% 0.88% 0.66% 1.10% 1.06% 0.14% 0.47% 1.00% 2.36% 1.19% 3.58% 1.29% 0.27% 0.40% 0.10% 0.09% 0.02% 0.06% 0.02% 0.03% 0.11% 0.24% 0.44% 0.38% Cumulative 17.88% 23.04% 26.93% 31.79% 35.48% 39.12% 42.19% 43.50% 44.95% 53.31% 57.33% 63.14% 66.48% 70.21% 75.09% 76.14% 82.76% 83.59% 84.13% 85.01% 85.67% 86.77% 87.83% 87.98% 88.45% 89.44% 91.80% 92.99% 96.56% 97.85% 98.12% 98.52% 98.62% 98.70% 98.73% 98.78% 98.80% 98.83% 98.94% 99.18% 99.62% 100.00% Monthly 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.21% -0.37% -0.38% 0 Cumulative 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.21% -0.58% -0.96% 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Scheduled 20655 5962 4500 5618 4261 4204 3550 1508 1674 9660 4650 6712 3859 4310 5636 1211 7651 957 629 1017 759 1271 1229 165 543 1153 2726 1370 4132 1490 307 460 115 100 25 64 26 32 335 456 340 219 Monthly Actual 20655 5265 3836 5090 3734 4204 3550 1508 1674 9660 4650 6712 3859 4310 5636 1211 7651 957 629 1017 759 1271 1229 165 543 1153 2726 1370 4132 1490 307 460 115 100 25 64 26 32 125 35 82 Actual 0 20655 26617 31117 36735 40996 45200 48750 50258 51932 61592 66242 72954 76813 81123 86759 87970 95621 96577 97206 98223 98982 100253 101482 101647 102190 103343 106069 107439 111571 113061 113368 113828 113943 114043 114068 114132 114158 114190 114315 114350 114432 Cumulative Scheduled 0 20655 26617 31117 36735 40996 45200 48750 50258 51932 61592 66242 72954 76813 81123 86759 87970 95621 96577 97206 98223 98982 100253 101482 101647 102190 103343 106069 107439 111571 113061 113368 113828 113943 114043 114068 114132 114158 114190 114525 114981 115321 115540 0.0

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III Limited National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads XIII. SITE PHOTOS MPR May- 2014 79

Four laning of Ahmedabad-Godhra section of NH-59 basis under NHDP Phase-III Limited National Highway Authority of India M/s Essel Ahmedabad Godhra Toll Roads Kathlal Flyover @ch.41+296 4-lane Narmada Canal Major Bridge @ch.99+575 completed MPR May- 2014 80