An Indian highways regulatory authority was looking to develop a comprehensive database for its asset inventory and an asset monetisation (AM) strategy with a steady pipeline of monetisable assets

We undertook identification and review of relevant toll-road assets from the portfolio of the authority’s currently operational and upcoming assets based on asset characteristics to develop a comprehensive asset register. We also undertook the development of an AM strategy, with specific focus on domestic (local currency) financial markets by reviewing the existing AM framework and assisting the authority to rank the asset pools. Finally, we evaluated the appropriateness of an innovative AM model, such as asset-backed securitisation, including through securitised debt instruments.

An international infrastructure guarantee fund wanted to undertake a thorough project appraisal and economic and financial evaluation of a toll road constructed under the PPP mode

We conducted economic and financial evaluations, verified the methodology and results of the project demand analysis, including traffic projections and proposed tariffs, and developed a traffic model. We also developed financial models to assess the project’s financial feasibility, and identified the project’s economic costs and benefits based on travel time and safety benefits. Additionally, we calculated the present value of benefits (PVB), economic internal rate of return (EIRR) and net present value (NPV), as well as identified and provided assessment of project risks.

A multilateral agency aimed to understand and document the status of the road sub-sector in an Indian state and improve the connectivity between industrial areas, agricultural areas, administrative headquarters and economic centres of the state

We assessed the screening process for the list of roads to be financed and conducted secondary research on state budgets, economic and human development indicators, and other relevant factors to provide context on the state, road sub-sector and project.

We further assessed the road sub-sector’s role in supporting the development of the core road network of the state and evaluated the geographic distribution of the roads.

We also conducted a problem-tree assessment to identify the core problem and its causes and effects, performed a high-level risk assessment, and prepared a preliminary design and monitoring framework and a draft concept paper.

An investor in the road infrastructure sector sought enhanced investment decisions through detailed traffic and revenue projections

We conducted a comprehensive traffic assessment and projected revenue for a highway project, providing the client with a detailed understanding of the project's potential traffic growth and toll revenue. The project stretch, which includes multiple toll plazas/interchanges, required a thorough analysis to estimate traffic volume and revenue potential.

Our assessment assisted the client in understanding the project's potential and making strategic decisions to optimise returns.

It enabled the client to:

• Make informed investment decisions based on accurate toll-revenue projections
  
• Mitigate risk through a detailed understanding of the project's stretch
  
• Optimise returns through strategic decision-making
  

An Indian highways regulatory authority was looking to develop a comprehensive database for its asset inventory and an asset monetisation (AM) strategy with a steady pipeline of monetisable assets

We undertook identification and review of relevant toll-road assets from the portfolio of the authority's currently operational and upcoming assets based on asset characteristics to develop a comprehensive asset register. We also undertook the development of an AM strategy, with specific focus on domestic (local currency) financial markets by reviewing the existing AM framework and assisting the authority to rank the asset pools. Finally, we evaluated the appropriateness of an innovative AM model, such as asset-backed securitisation, including through securitised debt instruments.

An Indian public sector client sought transaction advisory services

We assessed and prepared a feasibility study, a PPP procurement plan and draft procurement documents by assessing and reviewing existing documents. We conducted technical, financial, economic, legal and risk analysis as well as value-for-money analysis. We also assessed the fiscal, social and environmental impact. Additionally, we worked on the PPP procurement plan and process, along with critical project-implementation issues and bid-evaluation criteria.

We finalised the procurement documents and technical and project management of the procurement process through to commercial and financial closure, along with recommending the procurement strategy and process in accordance with the PPP laws. We also provided assistance in the pre-qualification and bid evaluation through participation in meetings.

A private infrastructure development player planned to submit a PPP bid for an international transport system project and wanted assistance in completing non-technical sections for the project

We prepared a financial model, pro-forma worksheets, and estimated capital and operating costs. We also prepared a data book supporting the financial model and undertook an overview of the taxation issues affecting the project.

Additionally, we provided a summary of the key scope, technical and operational features of the client's proposal, and how the government’s project vision and objectives will be met, undertaking project initiation and completion.