VZi^ q |l AH IU UIM /Phone: 91-11-25074100/2507420 (TrTi:F 1ftqC- AT -UAH~Mi) / Fax: 91-11-25093507 / 25093514 National Highways Authority of India (Ministry of Road Transport and Highways) -t-5 106, *Z- 10, UTM, ff ?41110075 G-5 & 6, Sector-10, Dwarka, New Delhi-110075 NHAI/WBTA-7980/SOE Certification Date: 17.10.2016 To, Sh. Rajesh Rohatgi, Senior Transport Specialist, The World Bank, South Asia Sustainable Development Unit (Transport), 18-20, Kasturba Gandhi Marg, New Delhi-110 001 Subject: Statement of Expenditures (SOEs) - Certification of Project Expenditure of World Bank Technical Assistance Project (WB loan No. 7980-IN) for the period 2015-16. Sir, Please find enclosed an Audit Report along-with statements verified by the Office of the Principal Director of Commercial Audit & Ex-Officio Member, Audit Board-1, Indian Audit & Accounts Department on Certification of Project Expenditure of WBTA-7980 Project for the financial year 2015-16. Thanking You Yours Faithfully V R Srinivasan GM (F&A) Encl: As above ÿþR, AP/V44t| > 1þ !67 sT e INDIAN AUDIT & ACCOUNTS DEPARTMENT, OFFICE OF THE PRINCIPAL DIRECTOR OF COMMERCIAL AUDIT & EX-OFFICIO MEMBER, AUDIT BOARD-1 àT f~i Dated 30-û09-2 t- 5 01 6, #WT -10, rwTT, cI k f14-ft -110 075 ÍfNf: Certification ofProjeet Expenditureof World BankTecinieal Assistance Project (WB loan No. 7980-IN) for the period 2015-16. TT¾ 1T Uf # fTRT é World Bank Technical Assistance Project ( WB loan No. 7980-IN) - 2015- 16 t rä 4 Uí-- arq fíàqVftí q7, ýrT qTT rafI q 3 3rd Floor, A-Wing, lndraprastha Bhawan, New Delhi-1 10002. TélTee.: 011-23378473, ~/Fax: 011-23378432,011-23370871 e-mail: mabnewdelhillicag.gov.ln REPORT OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA National Highways Authority of India (NHAI) Report of the Project financial Statements We have audited the accompan\ing financial statements of the World Bank Technical Assistance Project (WBTA) financed under World Bank loan No.7980-IN hich comprises the Statement of Sources and Application of funds and the Reconciliation of Claims to Total Application of Funds for the year ended 31 March. 2016. I hcse statements are the responsibilit- of the project*s manacement. Our responsibilit i to express an opinion on the accompanying financial statements based on our audit. We conducted our audit in accordance with the Auditing Standards promulgated b\ the Comptroller and Auditor General of India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statcmcnvt are free of material misstatement. Our audit examines on test basis evidence supporting the amounts and disclosures in the financial statements. It also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion the financial statements present fairly,in all material respects, the sources and applications of funds of Z 6,79,18,358 for WBTA project for the year ended 31 March 2016 in accordance with Government of India accounting standards. In addition, in our opinion. (a) widn respeci to Statement of Expenditures tSoi s). submitted by Project Implementation Authority, adequate supporting documentation has been maintained to support claims to the World Bank for reimbursement of expenditurcS incurred, and (b) expenditures are eligible for financing under the Loan Agreement. During the course of audit, SOEs of World Bank Loan No 7980-IN for Z 6,79,18,358 and the connected documents were examined and these can be relied upon to Support reimbursement under the Loan Agreement. This report is issued without prejudice to CAG's right to incorporate the audit observations in the Report of CAG of India for being laid before Parliament. (Neelesh Kumar Sah) Place: New Delhi Principal Dirctor of Comncrcial At:dit Dated: 3- September 2016 & ex-officio Member, Audit Board-1, New Delhi. Statement of Expenditure for the Financial year 2015-16 of WBTA Loan No:7980-IN (lUFR wise) Borrower IUFR Claim Ref. RF/WA Expenditure Amount Claimed Amount Claimedi Rounded off (WBW nr No./Period Date. Claim no Incurred (80%) Rounded off Difference 1 2 3 4 5 6 7 8 9 10 S.D. Baveja 4 4 37,080 29664 2900 (36) M/s Deloitte Touche 8 8 3777,556 3,022,045 3,022,000 45 Tohmatsu India (P) Ltd. 8 01.04 201 51 1_____ 1___ S c n t01042015 29,07.2015 9/8 Mi/s Consulting /o309062015 448,724 358,979 359,00 (21) Engineers Group Ltd. I/s Ernst & Young LLP 13 13 5 5911561 41473,249 4,473,300 (51) TOTAL of IUFR Claim No. - 8 9,854,921 7,883,937 1 7,884,000 (63) MI/s JPS Associates (P){ Ltd. 1P1 490,400 392,320 392,300 20 Ltd. M/s Deloitte Touche 7 7 1,907,521 1,526.017 1 526000 Tohmatsu India (P) Ltd. I, b 17 I/s Deloitte Touche 8 Tohmatsu India (P) Ltd. 8 8 7,665,387, 6132,3101 6,132,400 (90) 9i101,07 2015 MI/s Consulting 9 9 to 30.092015 23 102015 10/9 3,502,627 3,502,700 (73) Engineers Group Ltd. 4,378,284 MIs HIMS Ltd. in JV with SATRA Infrastructure 12 18,589,795 14,871,8361 14,871,900 (64) Management Services Pvt. Ltd. MIs Ernst&Young LLP 13 13 405,808 324,646 324,700 (54) TOTAL of IUFR Claim No. - 9 33,437,195 26,749,756 26,750,000 (244) MI/s Consulting Engineers Group Ltd. 02&03 2 2,446,022 I 1,956,818 1,956,700 118 Jaipur in association with TRL Ltd. U.K. S.D. Baveja 4 4 10 225,000 180,000 180,000 - I/s Deloitte Touche 7 7 01.10.2015 to 0202.2016 12/10 1,909,898 1,527,918 1,527,800 118 Tohmatsu India (P) Ltd. 31.12.2015 7 M/S HIMS Ltd. in JV with SATRA Infrastructure 12 6,537,011 5,229,609 5,229,500 109 Management Services Pvt. Ltd. TOTAL of IUFR Claim No. - 10 11,117,931 8,894,345 8,894,000 345 MIs Consulting Engineers Group Ltd 02&O3 2 208,090 166,472 166,400 72 Jaipur in association with TRL Ltd. U.K. 11 / M/s Deloitte Touche 7 7 01.01 2016 to 09.03 2016 13/11 267,3851 213,908 213,800 108 Tohmatsu India (P) Ltd. 29 02 2016 MI/s HIMS Ltd. in JV with SATRA Infrastructure 12 10977,463 8,781,970 8,781,800 170 Management Services Put. Ltd. TOTAL of IUFR Claim No. - 11 11,452,938 9,162,350 9,162,000 350 M/S Consulting 9 9 12 / 500,000 400,000 400,000 - Engineers Group Ltd. 01,03 2016 to 25042016 15/12 incremental Operating 31.032016 1,555,373 1,244,298 1,244,000 298 Cost _ TOTAL of IUFR Claim No. - 12 2,055,373 1,644,298 1,644,000 298 GRAND TOTAL 67,918,258 54,334,6861 54,334,000 686 Manager (F&A) GM (F&A) (Aud t Officer/Government Audit) Statement of Expenditure for the Financial year 2015-16 of WBTA Loan No:7980-IN (Consultant wise) Borrower C Otant Name WBTA No. Control IUFR Claim Ref. RFIWA Expenditure Amount Claimed Amount Claimed Rounded off (WBR) No. No/Period Date. Claim no Incurred (80%) Rounded off Difference 1 2 3 4 5 6 7 8 9 10 M/s JPS Associates (P) 9101.07 201 5 L 123 10,2014 10/9 490,400 392,320 392,300 20 Ltd. 1t 1 o30,09,2015 23001i0 Total Payment of WBTA 01 490,400 392,320 392,300 20 MisConsulting 10/01 1022015 02.2016 12/10 2,446,022 1.956,818 1,956 700 118 Engineers Group Ltd. t2&03 2 to31,12,2015 Jaipur in association 11/01 01.2016 with TRL Ltd. U.K. to 29,02 2016 09032016 13/11 208,090 Total Payment of WBTA 02 &03 2,654 1121 2,123.290 2,123,100 190 810 1 04 2015 1T o 30102015 29072015 9/8 37,080 29,664 2970036) S.D. Baveja 4 4 103 062015 10/ 01 10 2015 - I to31 12 201502022016 12/10 225,0001 180,0001 180,000 - Total Payment of WBTA 04 262,0801 209664 209,700 (36) Total Payment of WBTA 05 - 6 Total Payment of WBTA 06 9/ 01 07201512001F1 to 30,2015 23 10.2015 10/9 1,907,521 1,526,017 1,526,000 17 10/ 01. 10.20151r.--- -1 Mls Deloitte Touche 10/01.10.2015 02 022016 12/10 1,909,898 1,527,918 1.527,900 18 Tohmatsu India (P) Ltd. 77 131.122015 11 '101 01 11/01 01.2016 09.03.2016 13/11 267,385 213,908 213,900 8 Total ayment of WBTA 07 4,084,804 3,267,843 3,267,800 43 8/ 01.04.2014 290,21 9//,7,5 3,022,045 3,022.000 45- 29.072015 9/68,7 5 Ml1s Deloitte Touche 6 8 to 30.06.2014 _____ _______ _______ Tohmatsu India (P) Ltd. 9/ 01 07.2014 1 1.665,387 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _to 3 0 .0 9 .2 0 1 4 2 3 1 0 2 0 1 5 1 0 /9 6 1 3 2 3 1 0 6 1 3 2 3 0 0 1 0 Total Payment of WBTA 08 11,442,943 9,154,354 9,154,300 54 o 01.04.2015 29.07,2015 9/8 448,724 358,979 358,900 79 to 30.06.2015 ____ M/s Consulting 9 / 01.07.2015 23.10.2015 10/9 4,378,284 3,502,627 3,502,600 27 Engineers Group Ltd 9 030.09.2015 12/ 01.03.2016 to 31 03.2016 26,04.2016 15/12 500,000 400,000 400,000 - Total Payment of WBTA 09 5,327,0081 4,261,606 4,261,500 106 Tt P 10 1 1 Total Payment of WBTA 10 - 111 _______1 _________ Total Payment of WBTA 11 ____ ____ ______ _____ 9/0 0701523,10.2015 10/9 16,569,795 14,871,636 146,003 M/s HIMS Ltd. in JV 1030092015 with SATRA Infrastructure 12 1031,12.2015 ,,0 5 Management Services Pvt. Ltd. 1/0 12 1 tot1301092016 09 03.2016 13/11 10,977,463 1761,970 6,781,900 70 11/ 29020.2016 Total Payment of WBTA 12 36,104,269 28,883,415 28,883,300 115 8/ 01.04 2015 to 30 06 2015 29 07.2015 9/8 5,591,561 4,473,249 4,473,200 49 M/s Ernst & Young LLP 13 13 9/0.721 o 3009 2015 23 10 2015 10/9 405801 324,646 324,600 46 ________t__ _____I_____ 130.092015 L 1 2, 34604 Total Payment of WBTA 13 5,997,369 4,797,895 4,797,800 95 Incremental Operating 12/ 01 0322016 250 6 15/121,5, Cost to 31 0320 5 04 2 06 1/2 1,555,373 1,244,298 1244,200 98 Incremental Operating Cost 1,555,3731 1,244,298 1 1,244,200 98 TOTAL Payment of WBTA 01, 02&03, 04, 05, 06, 07, 08, 09, 10, 11, 12, 13 & 10C 67,918,358 54,334,6861 54,334,0001 686 Manager (F&A) GM (F&A) (A Officer/Government Audit) Name of the Project: WBTA Loan No: 7980 - IN Statement of Sources and Application of Funds Report_for_the_year_ended_31st_March,_2016 _______ Annexure - 1 Current Year Previous Years Project to Year Particulars j 2015-16 To 2014-15 (upto 2015-16) Opening Balance,(if Cash balances are controlled N.A N.A N.A by the entity) (A) Receipts Funds from Government of India 0 0 0 Funds from World Bank 0 0 0 Others (NHAI Funds) 67918358 52668472 120586830 Total Receipts (B) 67918358 52668472 120586830 Total Sources (C=A+B) 67918358 52668472 120586830 Expenditures on projects (D) 67918358 52668472 120586830 Total Expenditures 67918358 52668472 120586830 Closing Balance, (if cash balance are controlled by the entity) (C-D) 0 0 0 Manager (F&A) GM (F&A) (Ai diicer/Government Audit) Name of the Project: WBTA Loan No:7980-IN Reconciliation of Claims to Total Application Funds Report for the year ended 31 March, 2016 Annexure - 2 Amount in INR Schedules Current Year Previous Years Project to Year 2015-16 TO 2014-15 (upto 2015-16) Bank Funds claimed during the year (A) 54,334,686 42,135,000 96,469,464 Total Expenditure made during the year (B) 67,918,358 52,668,472 120,586,830 Less: Outstanding AC Bills (C) 0 0 0 neligible expenditures (D) 0 0 0 Expenditures not Claimed (E) 0 0 0 Total Eligible Expenditures Claimed F=B-C-D-E) 67,918,358 52,668,472 120,586,830 42134778 World Bank Share @ 80 % of (F) above (G) 54,334,686 42,134,778 96,469,464 Add: Rounding off difference 686 (222) 464 Total of World Bank Share 54,334,000 42,135,000 96,469,000 Manager (F&A) GM (F&A) (Audit Officer/Government Audit)