Empanelment of CA Firm for Audit Compliance of Uttar Pradesh Expressways Industrial Development Authority

Introduction and Background

Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has been set up as a statutory entity of Government of State of Uttar Pradesh in India, in the year 2007 under the Uttar Pradesh Industrial Area Development Act, 1976 enacted by the Provincial Government. UPEIDA has been assigned by the Government of Uttar Pradesh to work as the nodal agency for construction of Expressway Projects in the State. UPEIDA has completed the construction work of 302 kms. long 6-lane (expandable to 08 lanes) Agra to Lucknow Access-Controlled (Greenfield) Expressway Project which is operational for public vehicular traffic. This Expressway is a critical high-speed road link between the State Capital and western part of Uttar Pradesh upto Agra and it provides a seamless, short and faster connectivity to National Capital City Region (NCR) upto Delhi in conjunction with the Yamuna Expressway that is already in operation from Agra to New Delhi. The toll is being levied on usage of this Expressway under the provisions of The Uttar Pradesh Expressway (Levy of Tolls and Fixing of Fees and Realization Thereof) Rules 2010 as amended up-to-date with the Fourth Amendment thereof notified on 15 December 2017. Various townships and agricultural / industrial hubs, logistic parks and various other facilities are also planned for being created alongside the expressway as also in its hinterland by the Government of Uttar Pradesh.

Further, the work on Purvanchal Expressway (341 Km) has been completed and it has been inaugurated recently. Two more Projects viz. Bundelkhand Expressway (296 Km) and Gorakhpur Link Expressway (96 Km) are also under various stages of construction on the lines of Agra to Lucknow Expressway in EPC mode.

Now, the State Government has embarked upon the construction of one more project, namely, 594 Km long Ganga Expressway Project under Design, Build, Finance, Operate and Transfer (DBFOT) basis under Public Private Partnership (PPP) mode.

Scope of EOI

Strategic need for the Expressway

The “Ganga Expressway” has been conceived as a Greenfield Project to provide a critical high-speed road link between the agriculturally predominant areas of the State of Uttar Pradesh with a variety of agricultural and allied commodities production centres to the consumer centres in State Capitals, National Capital Region and other cities along the alignment of this Expressway. This Expressway would also provide faster connectivity to the vehicular traffic flowing between the Northern and eastern parts of the Country. The setting up of Industrial and Economic Corridors proposed alongside this Expressway will further prop up the vehicular traffic on the road. Thus, it is expected to boost the economy of the areas of the State alongside its alignment. Therefore, the State government has accorded a very high priority to this Project.

Eligibility Criteria

The Authority shall invite offers from all reputable firms of Chartered Accountants who fulfil the following eligibility criteria, namely:

(a) the firm should have conducted statutory audit of the annual accounts of at least one hundred companies registered under the Companies Act, 2013, of which at least ten should have been public sector undertakings;

(b) the firm should have at least 5 (five) practicing Chartered Accountants on its rolls, each with a minimum experience of ten years in the profession;

(c) the firm or any of its partners should not have been disqualified or black-listed by the Comptroller and Auditor General of India or the Authority; and

(d) the firm should have an office in the State or in an adjacent State with at least 2 (two) practicing Chartered Accountants on its rolls in such State.

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