VZi^ q AH l IU UIM /Phone: / NHAI/WBTA-7980/SOE Certification Date:

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1 Public Disclosure Authorized VZi^ q AH l IU UIM /Phone: / (TrTi:F 1ftqC- AT -UAH~Mi) / Fax: / National Highways Authority of India (Ministry of Road Transport and Highways) -t-5 106, *Z- 10, UTM, ff? G-5 & 6, Sector-10, Dwarka, New Delhi NHAI/WBTA-7980/SOE Certification Date: Public Disclosure Authorized Public Disclosure Authorized To, Sh. Rajesh Rohatgi, Senior Transport Specialist, The World Bank, South Asia Sustainable Development Unit (Transport), 18-20, Kasturba Gandhi Marg, New Delhi Subject: Statement of Expenditures (SOEs) - Certification of Project Expenditure of World Bank Technical Assistance Project (WB loan No IN) for the period 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 Public Disclosure Authorized Thanking You Encl: As above Yours Faithfully V R Srinivasan GM (F&A)

2 > R, 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 , #WT -10, rwtt, ci k f14-ft ÍfNf: Certification ofprojeet Expenditureof World BankTecinieal Assistance Project (WB loan No IN) for the period TT 1T Uf # é ftrt World Bank Technical Assistance Project ( WB loan No IN) t rä 4 Uí-- arq fíàqvftí q7, ýrt qtt rafi q 3 3rd Floor, A-Wing, lndraprastha Bhawan, New Delhi TélTee.: , ~/Fax: , mabnewdelhillicag.gov.ln

3 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 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.

4 Statement of Expenditure for the Financial year 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 S.D. Baveja , (36) M/s Deloitte Touche ,556 3,022,045 3,022, Tohmatsu India (P) Ltd S t c n 1 29, /8 Mi/s Consulting /o , , ,00 (21) Engineers Group Ltd. I/s Ernst & Young LLP ,249 4,473,300 (51) TOTAL of IUFR Claim No ,854,921 7,883, ,884,000 (63) MI/s JPS Associates (P){ Ltd. Ltd. 1P1 490, , , M/s Deloitte Touche 7 7 1,907,521 1, Tohmatsu India (P) Ltd. I, b 17 I/s Deloitte Touche 8 Tohmatsu India (P) Ltd ,665,387, 6132,3101 6,132,400 (90) 9i101, MI/s Consulting 9 9 to /9 3,502,627 3,502,700 (73) Engineers Group Ltd. 4,378,284 MIs HIMS Ltd. in JV Infrastructure 12 18,589,795 14,871, ,871,900 (64) Pvt. Ltd. MIs Ernst&Young LLP , , ,700 (54) TOTAL of IUFR Claim No ,437,195 26,749,756 26,750,000 (244) MI/s Consulting Engineers Group Ltd. 02&03 2 Jaipur in association 2,446,022 I 1,956,818 1,956, with TRL Ltd. U.K. S.D. Baveja , , ,000 - I/s Deloitte Touche to /10 1,909,898 1,527,918 1,527, Tohmatsu India (P) Ltd M/S HIMS Ltd. in JV Infrastructure 12 6,537,011 5,229,609 5,229, Pvt. Ltd. TOTAL of IUFR Claim No ,117,931 8,894,345 8,894, MIs Consulting Engineers Group Ltd 02&O3 2 Jaipur in association 208, , , with TRL Ltd. U.K. 11 / M/s Deloitte Touche to /11 267, , , Tohmatsu India (P) Ltd MI/s HIMS Ltd. in JV Infrastructure ,463 8,781,970 8,781, Put. Ltd. TOTAL of IUFR Claim No ,452,938 9,162,350 9,162, M/S Consulting / 500, , ,000 - Engineers Group Ltd. 01, to /12 incremental Operating ,555,373 1,244,298 1,244, Cost _ TOTAL of IUFR Claim No ,055,373 1,644,298 1,644, GRAND TOTAL 67,918,258 54,334, ,334, Manager (F&A) GM (F&A) (Aud t Officer/Government Audit)

5 Statement of Expenditure for the Financial year 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 M/s JPS 10 Associates (P) Ltd. L 1t ,2014 o30,09, / i0 490, , , Total Payment of WBTA , , , MisConsulting 10/ /10 Engineers Group Ltd. 2,446,022 2 t2&03 to31,12, ,818 1, Jaipur in association 11/ with TRL Ltd. U.K. to 29, /11 208,090 Total Payment of WBTA 02 &03 2, , , 123, T o /8 37,080 29, ) S.D. Baveja / I to /10 225, , ,000 - Total Payment of WBTA , ,700 (36) Total Payment of WBTA 05-6 Total Payment of WBTA 06 9/ F1 to 30, /9 1,907,521 1,526,017 1,526, / r Mls Deloitte Touche 10/ /10 1,909,898 1,527, , Tohmatsu India (P) Ltd / ' /11 267, , ,900 8 Total ayment of WBTA 07 4,084,804 3,267,843 8/ ,267, , //,7,5 3,022,045 3, Ml1s Deloitte Touche /68, to Tohmatsu India (P) Ltd. 9/ ,3871 _ 3 0 _.0_ 9.2 _ 0 _ 14 to / Total Payment of WBTA 08 11,442,943 9,154,354 9,154, o ,2015 9/8 448,724 to , , M/s Consulting 9 / Engineers Group Ltd /9 4,378,284 3,502,627 3,502, / to , /12 500, , ,000 - Total Payment of WBTA 09 Tt P ,327,0081 4,261,606 4,261, Total Payment of WBTA Total Payment of WBTA 11 M/s HIMS Ltd. in JV 9/ , /9 16,569,795 14,871, ,003 Infrastructure , ,,0 5 Pvt. Ltd. 1/0 tot / /11 10,977, ,970 6,781, Total Payment of WBTA 12 36,104,269 28,883,415 28,883, / M/s Ernst & to /8 5,591,561 4,473,249 4,473, Young LLP /0.721 o /9 t I ,646 L 324, , Total Payment of WBTA 13 5,997,369 4,797,895 4,797, Incremental Operating 12/ /121,5, Cost to /2 1,555,373 1,244, , Incremental Operating Cost 1,555,3731 1,244, ,244, TOTAL Payment of WBTA 01, 02&03, 04, 05, 06, 07, 08, 09, 10, 11, 12, 13 & 10C 67,918,358 54,334, ,334, Manager (F&A) GM (F&A) (A Officer/Government Audit)

6 Name of the Project: WBTA Loan No: IN Statement of Sources and Application of Funds Report_for_the_year_ended_31st_March,_2016 Annexure - 1 Particulars Current Year Previous Years j Project to Year To (upto Opening ) Balance,(if Cash balances are controlled by the entity) (A) N.A N.A N.A Receipts Funds from Government of India Funds 0 from World Bank 0 0 Others 0 (NHAI Funds) 0 0 Total Receipts (B) Total Sources (C=A+B) Expenditures on projects (D) Total Expenditures Closing Balance, (if cash balance are controlled by the entity) (C-D) Manager (F&A) GM (F&A) (Ai diicer/government Audit)

7 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 TO (upto ) 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, ,586,830 Less: Outstanding AC Bills (C) neligible expenditures (D) Expenditures not Claimed (E) Total Eligible Expenditures Claimed F=B-C-D-E) 67,918,358 52,668, ,586, World Bank 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)