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MUMBAI METRO ONEPPP session<br />Faisal Khan<br />
Presentation Plan<br />Present Scenario of transport infrastructure in Mumbai<br />Project Description<br />Bidding select...
Present Transport Scenario in Mumbai<br /><ul><li>11 million people travel daily by Public Transport (share of PT more tha...
Many areas in city and suburbs are not served by rail system
 Suburban rail traffic increased by 6 times while the capacity increased by only 2.3 times
4500 passengers travel per train against the carrying capacity of 1750 resulting in unbearable overcrowding</li></li></ul>...
Phase I – Versova-Andheri-Ghatkopar line with dedicated elevated corridor and of length 11.07 km with 12 stations
 Rail to have maximum speed of 80kmph with average speed of 33kmph
Project will provide East-West rail based connectivity to Central and Western suburbs
Total time for journey from Versova to Ghatkopar would be approximately 21 minutes as against 90 minutes by other modes of...
Bidding Selection<br /> Detailed feasibility study carried out under the Indo-German technical co-operation to the group o...
Bidding selection contd..<br /> Technical bids invited in May 05<br /> HCC and RITES<br /> Reliance Energy Limited, Veolia...
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PPP in Transport - Mumbai Metro One

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This is presentation on PPP in Urban Transport Sector for Mumbai Metro

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PPP in Transport - Mumbai Metro One

  1. 1. MUMBAI METRO ONEPPP session<br />Faisal Khan<br />
  2. 2. Presentation Plan<br />Present Scenario of transport infrastructure in Mumbai<br />Project Description<br />Bidding selection<br />PPP structure of the Project<br />Risk allocation framework<br />
  3. 3. Present Transport Scenario in Mumbai<br /><ul><li>11 million people travel daily by Public Transport (share of PT more than 90%)
  4. 4. Many areas in city and suburbs are not served by rail system
  5. 5. Suburban rail traffic increased by 6 times while the capacity increased by only 2.3 times
  6. 6. 4500 passengers travel per train against the carrying capacity of 1750 resulting in unbearable overcrowding</li></li></ul><li>Project Description<br /><ul><li>Consists of three phases Phase I, II, III
  7. 7. Phase I – Versova-Andheri-Ghatkopar line with dedicated elevated corridor and of length 11.07 km with 12 stations
  8. 8. Rail to have maximum speed of 80kmph with average speed of 33kmph
  9. 9. Project will provide East-West rail based connectivity to Central and Western suburbs
  10. 10. Total time for journey from Versova to Ghatkopar would be approximately 21 minutes as against 90 minutes by other modes of transport</li></li></ul><li>
  11. 11. Bidding Selection<br /> Detailed feasibility study carried out under the Indo-German technical co-operation to the group of TEWET, DE-Consult and TCS during 97-00<br /> Study recommended mass transit corridor from Andheri to Ghatkopar as potentially bankable and economically viable – Government decided to go on PPP basis<br /> Management of transaction process – Consortium of Louis Berger as technical consultants, PwC, Masons and Economic Laws and Practices was appointed to assisst MMRDA<br /> Bids invited in August 2004 and 150 bidders responded to EoI<br />Bid process: Technical and financial stage<br />
  12. 12. Bidding selection contd..<br /> Technical bids invited in May 05<br /> HCC and RITES<br /> Reliance Energy Limited, Veolia Transport, Connex-France<br />ShaktikumarSacheti Limited and Lingakaran Metro<br /> Siemens, L&T, Gammon, BEML<br /> IL&FS, ITD Thailand and Unity Infraprojects<br />Financial bids invited from qualified bidders in January 06<br />Reliance Energy Limited and Connex-France<br />IL&FS, ITD Thailand and Unity Infraprojects<br />Bid Won by consortia of Reliance Energy Limited, Veolia Transport, Hong Kong MRT & Connex France<br />
  13. 13. Bidding Selection contd..<br /> Expected IRR of 26% by REL-led consortium but government negotiated and the consortium agreed to an equity IRR of 15%<br /> Project faced delay in obtaining approval for VGF as its concession agreement was based on MCA of NHAI and only tentative guidelines were in place for PPP agreements<br />Government gave special grant of 20% and GoM approved grant of 7.5% of project cost<br /> SPV incorporated in December 2006 by the name<br /> ‘Mumbai Metro One Private Limited’<br />
  14. 14. Financial Model<br />
  15. 15. PPP structure of project<br />Connex-France & others<br />EPC Contractors<br />5%<br />Reliance Energy Ltd<br />MMRDA<br />MMOPL<br />69%<br />26%<br />Indian Bank, Oriental Bank of Commerce<br />Canara Bank, KarurVysya Bank<br />IDBI, Corporation Bank<br />
  16. 16. Risk Allocation Framework<br />
  17. 17. Thank You for Listening<br />

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