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Rule 9
Inviting Letter of Intent

(1) The office shall disclose the following details regarding the project approved for competition by the Board in accordance with sub-rule (2) of rule 8 and shall publish a public notice and invite interested investors to submit letters of intent to implement such project with a deadline of at least twenty-one days:-
(a) Brief Description of the Project,
(b) a brief description of the project if it is a feasibility study, survey or detailed design,
(c) the grounds on which the project may be economically, technically or environmentally feasible if there is no feasibility study of the project,
(d) Details of facilities and concessions to be provided during project implementation,
(e) Method of project implementation,
(f) Basis for selection of letters of intent,
(g) Date and place of opening of the letter of intent,
(h) Estimated date of decision on letter of intent,
(i) Other necessary details according to the nature of the project concerned.
(2) The notice as per sub-rule (1) will also be placed on the website of the board and it will also be published in national level newspapers as required.
(3) In accordance with sub-rule (1), the interested investor shall disclose the following details and submit the letter of intent to the office within the prescribed period:-
(a) Particulars of the person submitting the letter of intent,
(b) The financial and technical ability of the person submitting the letter of intent to implement the project,
(c) The financial resources of the investment to be made by the person submitting the letter of intent during the implementation of the project,
(d) Business Plan for Project Implementation,
(d) Other necessary details mentioned in clause (j) of sub-rule (1).
(4) According to sub-rule (3), the office shall evaluate and analyze the submitted letters of intent within fifteen days after the expiry of the deadline for submitting the intention.
(5) In accordance with sub-rule (4) after evaluation and analysis, a short list of interested investors will be selected and a short list will be prepared.
(6) According to sub-rule (5), if the office deems it necessary while evaluating and analyzing the proposal, the office of rule 36He can take the help of experts appointed according to rule (1).
(7) In accordance with sub-rule (4) or (5), the analysis of the project proposal shall be done according to the standards approved by the board.
(8) After the summary list is prepared according to sub-rule (4), the investor who submits the letter of intent will be informed whether or not he is included in the list according to sub-rule (5) within three days from the date of preparation of such list.