r mlh- 796 001 PRINCIPAL ACCOINTANT G;ENERAL, MIZORA M, Dedcatrd to Truth in Publik Inttemt MIZAWL-76 00 Phone Nu. <389-2336434, Fax- 4389-2333434 Nu: AGM1Z/FANllt(H)-\WN (ROAIS)- A LZAWL/20I8-l9/20 Dated: 1302.2019 To The Project Dirctor, World Bank, Project Implementation Unit, Publie Works Department(Roads), Tuikbuabtlang, Aizawl-796001. Suhjed: Audi Certiekate in respect of World Bank avvisted Mizorani Slate Road IH-Regional Road Transport Connectivity (MSR H-RTCP) Loan/Credit/Grant Na5425-IND Sir, I am to enelose herewxiih Audit Certificate in respect of expenditure incurred by your deparment towards World Bank assisted lmprovement & Upgradation of (i) Chhumkum to Chawngte Road, (ii) Charnphai to Zokhawthar Road and (iii) Tlabung to Kawpuichhuah Road during 2017-18. This Audit Certificate is issued without prejudice to the Comptiroller and Auditor General of India's right to incorporate any furthcr-detailed audig obsersation, if any, hen made in the report ofthe Comptrol]er and Auditor General oflndia for being Laid before he teParliamert'ate fegislature Please acknowledge the receipt. Encio: As Stated Yo rs Faithfuy Sr.Deputy ccountant eneral 3ptw- 796 001 01,1I((1 OF tHE ..__ PRINCIPAL \((OI 11NT GFNERAL, 111/ORAM. Dedicated to Truth in Pu bit interest LI/\WL-96 001 Phone N. 0359-233434. Fii- 1389-2333434 Ni: AG.M17FAWJI'ltl (VlI)-P\Vi(ROAl)S)- AIZA , 2J/27-181 DatWl 13.02.2019 AUDIT CERTIFICATE The Expenditure Statement/Financial Statements relating to World Bank assisted MSR II- RTCP (Credit No. 5425-IND) attached hereto have been audited in accordance with the regulations and standards of audit of the Comptroller and Auditor General of India and accordingly included such tests of accounting records, Internal checks and controls, and other auditing procedures necessary to confirm- a) That the resource are used for the purpose of the project; and b) That the expenditure statements/financial statements are correct. During the course of audit referred to above, Statement of Expenditure of ! 688.661 million and the connected documents were examined and these can be relied upon to support re- inbursement under the aforesaid loan/credit agreement. On the basis of the information and explanation that we have obtained as required and according to the best of our information as a result of the test audit, it is certified that the Expenditure Statement/Financial Statements represent a true and fair view of the implementation (and operation) of the project for the year 2017-18. Sr. Deputy Accou ant General Report of the Comptroller and Auditor General of India To The Project Director, World Bank, Project Implementation Unit (PIt), Public Works Department(Roads), Mizoram, Aizawl. Report on the Project Financial Statements We have audited the accompanying financial statements of Improvement and Upgradation of (i) Chhumkum to Chawngte Road, (ii) Champhai to Zokhawthar Road and (iii) Tiabung to Kawvpuichhuah Road during 2017-18 Programme financed under World Bank's International Development Association Loan No. 5425-IND which comprise statement of Receipts and Payments, the statement of Expenditure by category and Financier, the Statement of Disbursement for the year ended 311 March, 2018 These financial statements are the responsibility of Project Management Our responsibility is to express an opinion on the accompanying financial statements based on our audit. We conducted our audit in accordance with the auditing standards promulgated by 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 statements are free of material misstatements, Our audit examines, on a test basis, evidence supporting the amounts and disclosure in the financial statements. It also includes assessing the accounting principles used and significant estimates made by the 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 application of funds of Improvement and Upgradation of (i) Chhumkum to Chawngte Road, (ii) Champhai to Zokhawthar Road and (iii) Tlabung to Kawpuichhuah Road Programme, Loan No. 5425-IND for the year ended 31 1 March, 2018 in accordance with Government of India accounting standards. In addition, in our opinion: (a) Proceeds of the loan from World Bank have been utilised for the purposes as per World Banks' International Development Association (IDA) Loan! Agreement. (b) Financial covenants in the loan agreement [World Bank's IDA assisted (i) Chhumkum to Chawngle Road, (ii) Champhai to Zokhawthar Road and (iii) Tlabung to Kawpuichhuah Road Programme, Loan No. 5425-IND dated 2811 August, 2014] have been complied with. (c) (i) (a) With respect to SOEs, adequate supporting documentation has been maintained to support claims to the World Bank's International Development Association for reimbursement of expenditure incurred; and (b) expenditure of ? 688.661 million are eligible for financing under the Loan Agreement. (ii) (a) The Imprest Accounts give a true and fair view of the receipts collected and payments made during the year ended 2017-18 and (b) these receipts and payments support Imprest Account liquidations/ replenishments during the year. The 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/State Legislature. Dated: 13,02.2019 Sr.Deputy Accotaint General O/o the Accountant General (Audit) Mizoram, Aizawl