The document discusses how London transformed from a polluted city in the 1970s to one of the world's leading financial and cultural capitals. It achieved this through institutional reforms, long-term development planning, and large-scale infrastructure investments. However, the rapid growth caused issues like inadequate housing and transport networks becoming strained. The document advocates for public transport improvements like increasing service frequency and adopting new technologies to make it a preferred mode of transport and ease congestion. It also discusses funding mechanisms for modernizing bus services, including through innovative financing sources like real estate asset monetization and private participation models.
“ Para-transit vehicles are a for-hire flexible passenger transportation that does not necessarily follow fixed routes and schedules. They provide two types of services: one involving trips along a more or less defined route with stops to pick up or discharge passengers on request. The other is a demand-responsive transport which can offer a door-to-door service from any origin to any destination in a service area”
“ Para-transit vehicles are a for-hire flexible passenger transportation that does not necessarily follow fixed routes and schedules. They provide two types of services: one involving trips along a more or less defined route with stops to pick up or discharge passengers on request. The other is a demand-responsive transport which can offer a door-to-door service from any origin to any destination in a service area”
The presentation discusses the fundamentals of Intermodal and Multimodal transportation in the context of urban areas. In the era of an epic need for mass transportation facilities, the supportive system also requires its place around. It was delivered during an expert talk on 7th October 2016 at BMCET, Surat.
Transport in the Republic of India is an important part of the nation's economy.
Today in the country we have a wide variety of modes of transport by land, water and air.
Being a vast country India needs efficient and cheap transportation system
Challenges
The major challenges facing the sector are:
India’s roads are congested and of poor quality. Lane capacity is low - most national highways are two lanes or less. A quarter of all India's highways are congested. Many roads are of poor quality and road maintenance remains under-funded - only around one-third of maintenance needs are met. This leads to the deterioration of roads and high transport costs for users. Rural Bike
Rural areas have poor access. Roads are significant for the development of the rural areas - home to almost 70 percent of India's population. Although the rural road network is extensive, some 33 percent of India’s villages do not have access to all-weather roads and remain cut off during the monsoon season. The problem is more acute in India's northern and northeastern states which are poorly linked to the country’s major economic centers.
The railways are facing severe capacity constraints. All the country’s high-density rail corridors face severe capacity constraints. Also, freight transportation costs by rail are much higher than in most countries as freight tariffs in India have been kept high to subsidize passenger traffic.
Urban centres are severely congested. In Mumbai, Delhi and other metropolitan centers, roads are often severly congested during the rush hours. The dramatic growth in vehicle ownership during the past decade - has reduced rush hour speeds especially in the central areas of major cities.
Ports are congested and inefficient. Port traffic has more than doubled during the 1990s, touching 650 million tons in 2006-07. This is expected to grow further to about 900 million tons by 2011-12. India's ports need to significantly ramp up their capacity and efficiency to meet this surging demand.
Airport infrastructure is strained. Air traffic has been growing rapidly leading to severe strain on infrastructure at major airports, especially in the Delhi and Mumbai airports which account for more than 40 percent of nation’s air traffic.
TRADITIONAL MEANS
MODERN MEANS
CHALLENGES OF TRANSPORTATION
Explains the importance of Pakistan Railways for the political economy of Pakistan,carries out its SWOT analysis and describes the challenges it is facing.Ends with a comprehensive set of recommendations for its turn around
Indian Railways - Lifeline of the NationDINESH GERA
Presentation covers the history of Indian Railways, SWOT analysis as well as the future of railways. Initiative of google to wifi enable 200 stations across country is phenomenal. Someone who want to understand the world's largest rail network in short time, it's a must read for them.
A documentation of our study, critical appraisal and analysis of the area around the Rourkela Railway Station and the attempt to transform the zone into a Multi-Modal Hub keeping in purview the close proximity of the Bus Station and Intermediate Public Transport service.
The presentation discusses the fundamentals of Intermodal and Multimodal transportation in the context of urban areas. In the era of an epic need for mass transportation facilities, the supportive system also requires its place around. It was delivered during an expert talk on 7th October 2016 at BMCET, Surat.
Transport in the Republic of India is an important part of the nation's economy.
Today in the country we have a wide variety of modes of transport by land, water and air.
Being a vast country India needs efficient and cheap transportation system
Challenges
The major challenges facing the sector are:
India’s roads are congested and of poor quality. Lane capacity is low - most national highways are two lanes or less. A quarter of all India's highways are congested. Many roads are of poor quality and road maintenance remains under-funded - only around one-third of maintenance needs are met. This leads to the deterioration of roads and high transport costs for users. Rural Bike
Rural areas have poor access. Roads are significant for the development of the rural areas - home to almost 70 percent of India's population. Although the rural road network is extensive, some 33 percent of India’s villages do not have access to all-weather roads and remain cut off during the monsoon season. The problem is more acute in India's northern and northeastern states which are poorly linked to the country’s major economic centers.
The railways are facing severe capacity constraints. All the country’s high-density rail corridors face severe capacity constraints. Also, freight transportation costs by rail are much higher than in most countries as freight tariffs in India have been kept high to subsidize passenger traffic.
Urban centres are severely congested. In Mumbai, Delhi and other metropolitan centers, roads are often severly congested during the rush hours. The dramatic growth in vehicle ownership during the past decade - has reduced rush hour speeds especially in the central areas of major cities.
Ports are congested and inefficient. Port traffic has more than doubled during the 1990s, touching 650 million tons in 2006-07. This is expected to grow further to about 900 million tons by 2011-12. India's ports need to significantly ramp up their capacity and efficiency to meet this surging demand.
Airport infrastructure is strained. Air traffic has been growing rapidly leading to severe strain on infrastructure at major airports, especially in the Delhi and Mumbai airports which account for more than 40 percent of nation’s air traffic.
TRADITIONAL MEANS
MODERN MEANS
CHALLENGES OF TRANSPORTATION
Explains the importance of Pakistan Railways for the political economy of Pakistan,carries out its SWOT analysis and describes the challenges it is facing.Ends with a comprehensive set of recommendations for its turn around
Indian Railways - Lifeline of the NationDINESH GERA
Presentation covers the history of Indian Railways, SWOT analysis as well as the future of railways. Initiative of google to wifi enable 200 stations across country is phenomenal. Someone who want to understand the world's largest rail network in short time, it's a must read for them.
A documentation of our study, critical appraisal and analysis of the area around the Rourkela Railway Station and the attempt to transform the zone into a Multi-Modal Hub keeping in purview the close proximity of the Bus Station and Intermediate Public Transport service.
XMOS: Why do you need to use USB Audio Class 2.0?XMOS
The XMOS UAC2 infographic summarizes: the background of the USB and UAC standards, the key features of the USB Audio standard, the differences between UAC1 and UAC2, the benefits of choosing UAC2 for your audio product.
Presented by Ms Goh Tsu Lynn, Senior Manager, Workforce Singapore (WSQ) at NUS-ISS Briefing Session for Employers on Professional Conversion Programme on 9 Dec 2016.
Chapter 17: The First Philippine Republic and the Filipino-American WarJamaica Olazo
CHAPTER 17: THE FIRST PHILIPPINE REPUBLIC
AND THE FILIPINO-AMERICAN WAR
FIRST PHILIPPINE REPUBLIC
– was the first independent republic in in Asia by Asians.
- It was born during a war for independence.
- Lived only for two years because the Filipinos lost the war against the United States. (From January 23,1899 to March 23, 1901).
- Ended on the day when Aguinaldo was captured by the Americans.
MALOLOS CONGRESS AND MALOLOS CONSTITUTION
85 Filipinos – met in a revolutionary congress at Barasoain Church, Malolos, Bulacan starting September 15, 1898. They were the most intelligent men in the country.
Dr. Pedro A. Paterno – the president of the Malolos Congress.
Malolos Congress – approved the independence of the Philippines. It also started the making of a new constitution for the Philippines.
Constitution – the basic law of the government.
THE FIRST PHILIPPINE REPUBLIC
January 23,1899 – the first Philippine Republic was inaugurated at Barasoain Church, Malolos, Bulacan. It was a solemn and happy time.
Women – wore long, beautiful ternos.
Men – dressed in top hats, white gloves, and black coat tails.
Emilio Aguinaldo – was sworn in as president of the First Republic at the church altar. “Great is the day, glorious this date, and forever memorable this moment in which our beloved people are raised to the joy of independence.”
El Heraldo de la Revolution – the official newspaper of the government.
La Independencia – an independent newspaper ran by General Antonio Luna and other Filipinos.
Felipe Agoncillo – the first Filipino diplomat sent to Paris and Washington to work for recognition of Philippine Independence.
Other diplomats in Japan, France, England and Australia.
THE AMERICANS STARTED THE WAR
Americans wanted the Philippines to become a colony of the United States.
Strategy: Americans pretended that the Filipinos had brutally attacked them.
February 4, 1899 – at 8pm, an American sharpshooter, Private Robert W. Grayson of First Nebraska Volunteers, shot and killed a Filipino soldier crossing the San Juan Bridge.
February 6, 1899 – the American Senate passed the Treaty of Paris, making the Philippines a colony of the United States. It was approved by only one vote majority.
THE FILIPINO-AMERICAN WAR
- Filipinos fought a war of independence again. This time, against the Americans, their former allies. It was the second fight for independence by the Filipinos.
February 5, 1899 – the American navy bombarded the Filipino positions in Manila.
March 31, 1899 – the Americans captured Malolos, which was then the Capital of the First Philippine Republic.
November 27, 1898 – Generals Aniceto Lacson and Juan Araneta organized the “Republic of Negros”.
December 19, 1899 – the famous hero of the American Civil War, General Henry C. Lawton was killed by the Filipino troops during the Battle in San Mateo, Rizal.
Metro Momentum: How Can Metro Serve The Growing Maryland Suburbs In The 21st ...betterdcregion
Do you look forward to a time when all rush hour Red Line trains have 8 cars and go all the way to Glenmont and Shady Grove? Metro’s planning director Shyam Kannan, local leaders, and the Coalition for Smarter Growth talk about Metro’s plans to serve a growing Washington region, and to learn how you can get involved.
Effective learning from delhi brts –a case study of pune brtseSAT Journals
Abstract This paper emphasizes on the common problems endured by Delhi and Pune BRTS corridor. Urban Traffic commutation has an eloquent place in urban life. BRTS is a very old form of public transport, but it is still a new concept for developing countries like India, because of its psychological aspects. Bus Rapid Transit involves synchronized improvements in a transport system’s infrastructure, equipment, working, performance and technology that give preference to buses on urban roadways. This paper gives an overall outlook of Delhi and Pune BRT systems and observed some common problems in operating both the system, and some recommendations are mentioned so that could help improving Pune BRTS immensely and influentially and have a better result avoiding bottlenecksthose faced byDelhiBRTS.The main present study intent to highlight the problems and to overcome those problems. Keywords: Delhi and Pune BRTS Bottlenecks, Public Transport, Feeder, Social Image
O Centro de Excelência em BRT Across Latitudes and Cultures (ALC-BRT CoE) promoveu o Bus Rapid Transit (BRT) Workshop: Experiences and Challenges (Workshop BRT: Experiências e Desafios) dia 12/07/2013, no Rio de Janeiro. O curso foi organizado pela EMBARQ Brasil, com patrocínio da Fetranspor e da VREF (Volvo Research and Education Foundations).
Railways are undergoing major industry changes with management and business planning at the forefront that encompasses operational, customer and intermodal competition issues with innovative technologies removing earlier barriers. The presentation highlights trends in engineering, operations, stations design, passengers’ expectations and ticketing & collection while touching on issues like network capacity, demand forecasting & fare policies.
this ppt outlines how the indian railways got a whole new u-turn from deep losses to amazing profits jst by using a few clever business tactics by the railway minister lalu prasad yadav who was a petty village farmer previously
Professor Amal Kumarage, Endeavour Executive Fellow, presented his research on Transport Planning as part of the SMART Seminar Series on Tuesday, 25th November 2014.
Similar to Bus Karo: Innovative financing mechanisms (20)
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Bus Karo: Innovative financing mechanisms
1. BUS KARO - Talking Transit
Innovative Financing Mechanisms
Ashish Chandra
February 2015
2. PwC
Current Issues
“a burgeoning population, a strained transport
network, polluted streets and inadequate
housing”
“Thick fog hung over the city and roads
were dirty and dangerous”
London
1970
London
2015
World’s Leading Financial and
Cultural Capital with 5th highest
GDP in the world
(Source Brookings,2014)
Institutional Reforms and Capital Investment led development strategy
• “London Plan ” – Long term development plan, re-thinking London’s economies and
economic futures
• "Fares Fair" – Policy to improve financial health of GLA
• Centralized governance – Devolution of Met Police, TfL and other city operations to the
Mayor
• Large scale infrastructure construction to prepare for future – the M25 (outer ring road),
Blackwall Tunnel, Westway, the Woolwich Ferry and the Thames Barrier
London
“The city had begun to sprawl far beyond
the boundaries”
“people were living in deplorable conditions
and suffering all kinds of nuisances and
inconveniences because of the irregular way in
which our towns and cities have grown up” Source:
The rise and fall of the GLC – BBC News, 31st March 2016.
http://www.bbc.com/news/uk-england-london-35716693
3. PwC
Public Transport can become the preferred mode with targeted
improvement in service quality & customer experience
02
Service Frequency
Incentivize operators to align number
of trips and timings with the routes and
travel patterns of Mauritian population
04
Technology adoption
Implementing smart ticketing
systems, journey planner,
information dissemination systems
Focus Areas for
Investment &
Improvement
Fleet renovation
Incentivize private sector for investing
in modern, fuel efficient buses
03
Accessibility and coverage
Expanding the catchment area served
by each bus stop/ bus station, reduce
access & egress time
01
4. PwC
Modernizing City Bus Services with Innovative
Financing
• Existing Bus Operations and Need for Upgrade
• Infrastructure Improvements
• Fleet Renewal
• Investment in Technology
• Accessibility
• Sources of Financing
• Real Estate Asset Monetization
• Non-Fare Revenue
• Fare Restructuring
• Local Taxation
• Private Participation
• Fully/Semi-Regulated Bus Services
6. PwC
Most of the bus transport agencies in India are facing financial
cash flow crunch to even meet its operating expenses
0% 25% 50% 75% 100%
BEST
BMTC
Delhi (DTC)
Odisha SRTC
Rajasthan SRTC
Revenue per passenger as a percentage
of operating cost per passenger
2014-15 2013-14 2012-13
0% 10% 20% 30% 40% 50% 60%
BEST
BMTC
Delhi (DTC)
Odisha SRTC
Rajasthan SRTC
Operationally, higher the proportion of
variable costs, financial viability improves
(2014-15)
Fuel and lubricant cost as a % of total cost
Interest cost as a % of total cost
Source: MORTH, PwC Analysis
…limiting their abilities to invest in transport services as well as improving
commuter experience
7. PwC
Funding of State Transportation Companies through different
sources
Due to heavy operational losses, State
Transport Undertakings are dependent on
funds for State and Central govt. in order to
provide adequate transport and infrastructure
facilities
The sources of funds are different for different
State Transport Undertaking
The different sources of fund for Maharashtra
and Karnataka SRTC are given in the table
below:
State Transport Undertakings
Maharashtra SRTC Karnataka SRTC
Amount (in
Cr. Rs.)
Percentage
Amount (in
Cr. Rs.)
Percentage
Internal
Resources
120.02 28% 286.6 56%
From State
Government
302.59 72% 0.0 0%
From Central
Government
0 0% 0.0 0%
Through
JNNURM
0 0% 108.6 21%
Loans and
other
borrowings
0 0% 117.0 23%
Bus Rapid Transport System
BRT systems in India are funded by Central
Government for about 40-50% of the cost of
the project thought JNNURM
Majority of BRT Systems have also
implemented parts of the BRT project like
construction of bus stops, bus operations etc.
through PPP model
The list of BRT systems in India which are
PPP based are:
• Ahmedabad
• Pimpri-Chinchwad
• Vishakhapatnam
• Indore
• Rajkot
• Bhopal
• Pune &
• Surat
8. PwC
(1000.00)
(800.00)
(600.00)
(400.00)
(200.00)
0.00
200.00
0 10 20 30 40 50
OperatingLoss(Rs.'000per
PaxKM)
Passenger KM
Operating Loss per Passenger KM 2013
(10000.00)
(8000.00)
(6000.00)
(4000.00)
(2000.00)
0.00
2000.00
0 5000 10000 15000 20000 25000
OperatingLoss(Rs.'000perBus)
Fleet Size
Operating Loss per Fleet Size 2013
Higher fleet size tend to increase losses which are proportional to
size of operations and passengers carried
Delhi TC
Delhi TC
Mizoram STC
Tripura
RTC
50% of STCs are operating below
80% recovery level due to low fares
and huge discounts given to
students, senior citizens etc.
Average Operating Loss per Bus =
Rs. 589,000 per Year, Rs. 13,500 per Year
per Passenger KM
0%
20%
40%
60%
80%
100%
120%
0
2
4
6
8
10
12
Operating Ratio of STCs
Freq Cummulative Freq
“PwC findings from the MRVC study suggest
that 80% commuters are willing to pay
10%+higher fares for higher quality of service”
9. PwC
Managing the fleet and continuous renewal is important for added
customer convenience
Features of a low floor bus
Low-floor buses have the bus
floor height of at most 400mm
above the road surface
The floor surface can further be
lowered by at least 80 mm to
bring the floor at the front
entrance to a height of the kerb
A retractable ramp can also be
deployed to facilitate access and
egress to the kerb
Why transit agencies go for Low floor buses?
To provide easier access for all passengers,
including people with disabilities
To provide transit services for the growing number
of elderly people with fixed route service rather
than special transportation
To reduce stop dwell times by achieving faster
boarding and alighting times
Passengers convenience in low floor buses is
overwhelmingly positive and use of these vehicles
have the potential to effectively compete with the
private cars for patronage from non-captive public
transport users
Low Floor Bus High Floor Bus
The use of low floor buses instead of high floor buses is
fast become the norm in the developed world
More than 85% of buses in Europe are low-floor buses
The use of these buses is more prominent for intra-city
purposes, where the number of stops
(boardings/alightings) are more
10. PwC
But High-floor buses are better economically as compared to Low-floor buses
Parameter High-floor Bus Low-floor Bus
Cost • Lower costs
• Higher Costs due to complexity in design
• 20-30% more than High-floor bus
Maintenance • Low maintenance cost • High maintenance cost if run on bad roads
Fuel Efficiency
• Better fuel efficiency
• Average mileage of 2.7 Km/L (Volvo buses)
• Lewer fuel efficiency
• Average mileage of 2.4 Km/L (Volvo buses)
Capacity
• Higher capacity due to less impact of wheel
wells
• A 12m Volvo bus can carry around 86
passengers
• Lower capacity due to less impact of placement
of wheel wells
• A 12m Volvo bus can carry around 70
passengers
Vehicle Towing
• Easy, as can be towed by a conventional tow
truck in case of breakdown
• Complex, as may require special type of
towing vehicle
Life Cycle • Almost similar operational life of 12 years
Emissions
• Emissions depend on the type of engine and fuel used
• Not much difference and can be same for both type of buses
11. PwC
Economic comparison of a operating minibus with respect to a standard high
floor bus
Parameter Standard high-floor Bus Minibus
Cost • Around Rs. 20-30 Lakhs • Around Rs. 10-15 lakhs
Operating Cost • Average operating cost of Rs 18.50 per Km • Average operating cost of Rs. 15.00 per Km
Fuel Efficiency • Average mileage of 3.75 Km/L • Average mileage of 6 Km/L
Passenger
Capacity
• Can carry around 60-80 passengers at a time
• Suitable for carrying 10-20 passengers at a
time
Emissions • Causes lower level of atmospheric pollution • Causes higher level of atmospheric pollution
Maneuverability
• Requires proper wide roads to operate
• Not suitable for operating in high population
density regions and on weak bridges
• Can be easily operated in congested areas and
weak and low brigdes having restrictions on
vehicle dimentions
12. PwC
New Electric buses can be operated profitably with a ROI of 8 years
Significant improvement in technology of Electric buses
Reduction in the recharging time of batteries due to regenerative braking technology; from over 8 h to about an
hour
Range of 250 Km in a single recharge
Buses can even recharge during 15 mins turnaround period
Long battery life; 4,000-10,000 recharging cycle
Multiple manufacturers available (Build Your Dream-BYD, Proterra etc.)
IISC Study: Electric vs Diesel buses for
Bangalore
Purchase cost of Electric Bus: Rs 3.0 Crore
Purchase cost of Diesel Bus: Rs 85 Lakhs
Operating cost of Electric Bus: Rs 12 per Km
Operating Cost of Diesel Bus: Rs 28 per Km
Considering same fare price and passenger
number, Diesel buses break even in 4 years
and Electric buses in 8 years
(30,000,000)
(20,000,000)
(10,000,000)
-
10,000,000
1 2 3 4 5 6 7 8 9 10 11 12 13
NetProfit
Years
Electric Bus Diesel Bus
Break Even
*IISC Bangalore Study- Air-pollution and economics: diesel bus versus electric bus
14. PwC
Transit authorities like BEST & BMTC need to focus on innovative revenue
sources which leverage their Core Values, and Key Strengths
Real Estate
Development
Sustainability
Safe Mobility &
Services
Community
Involvement
Stakeholder
Engagement
Possible Business
Models for Commercial
Exploitation of Land Assets
Asset Value
Maximisation
Development of Real estate in sync with the
micro markets and ToD characteristics –
Commercial, Office space, residential and
hospitality
Concept of the
Business Model
Utilization of spaces available for passenger
centric amenities, retails, parking, ATMs, etc.
rental or pay-&-use system based businesses
Core Values of
Transit Authority
Key Strengths
Depots /
Stations Buses / Rolling
Stock
High Ridership
Smart Card,
Payment
Mechanism
Source: PricewaterhouseCoopers Pvt Ltd (PwC)
Interchange or
transport hubs
Provide seamless connectivity for moving
people from one point to another intra or
inter City through various modes- metro, bus,
railway, etc.
Social
Infrastructure
and facilities
Development of social infrastructure such as
sports, healthcare, education, affordable
housing, recreational facilities, etc.
Renewable
energy
Use of facilities for rooftop solar power and
other means of renewable energy for captive
use or 3rd party commercial sell
15. PwC
While in case of Kochi Metro, we are implementing Alternate Revenue Models linked to Asset Value
Maximisation, Service Delivery, Enhanced Customer Connect or Associated Brand Value
BEST Undertaking •
10
Transit Company or
“Mobility Service Provider”
Partnership with
Mumbai IPL
Team
Source: PwC Analysis
16. PwC
Financing feasibility depends on ability to monetise existing assets
while enhancing the asset value and revenue potential
13
Category 2 Category 1
Category 4 Category 3
HIGH on Ease of
Implementation
LOW on Ease of
Implementation
HIGH Revenue
Potential
LOW Revenue
Potential
• These are low hanging fruits
• How can these land assets be
monetized on priority while
maximizing revenue potential for
the Undertaking?
• High potential, but difficult to
implement due to various reasons
arising from the aspects of
regulatory, stakeholder interests,
etc.
• How can the Undertaking
enhance the implementability of
commercial exploitation of sites?
• These are low hanging fruits,
however, with low commercial
potential
• How can revenue potential from
these sites be enhanced?
• Typically low on priority for
monetizing assets
• How can the ease of
implementation as well as
revenue potential be enhanced
for these sites?
• What alternate strategies can be
adopted to benefit
tangibly/intangibly? Source: PwC Analysis
17. PwC
Case Study – Assisting BEST Undertaking in Mumbai to formulate
strategy for enhancement of asset value and revenue potential
Assisting BEST Undertaking for revenue maximization by commercial development of 71 sites
admeasuring ~200 acres and spread across city
Key considerations
How can it best leverage land and transport use
integration?
How can it help city in…
• Improving citizen’s commuting experience,
• Decongestion, especially in suburban railway
station area
• Provide seamless inter-modal transport
connectivity
• Enhance public transport usage
How strategically can it employ its assets and
resources – both hard and soft to maximise its
operating and non-operating revenues
18. PwC
Existing/
emerging
Residential and
Institutional
Area
CBD
Overview of approach for revenue enhancement strategies for
BEST…
Rail/Metroline
Transit hub /
(if not
available),
mixed-use
development
Residential or
commercial
use – cum –
bus transport
facilities
Multi-modal
transport
interchange hubs
1) Identify locational advantage
2) Plot specific approach to assess best use in-line with the core value of the transport agency
3) Create mix of commercial and operational plan
4) Identify implementation challenges and propose mitigation strategies/alternate solutions
Station
Station
Area/City – Entry Points
Kurla Bus Depot –
Kanakia Zillion
(along LBS Road)
Integrated
commercial-
cum-bus depot
/ station
development
19. PwC
…alternate strategies where asset value maximization through real
estate development may be difficult to achieve
(Primarily Category 4 assets and few from Category 3)
Certain site are leased from other entities with restricted land usage rights
Certain site fall under restricted areas and difficult to obtain approvals and clearances
To improve potential from such sites, alternate strategies being adopted
For instance,
Utilization of such land resources for BEST’s own admin and housing requirement
Allied commercial activities wherever permissible such as passenger centric retail,
captive-cum-public fuel stations
Bundling of two or more plots – redesign traffic operations freeing up some
developable area
Alternate revenue streams like creation of pan-city e-charging infrastructure,
renewable energy (roof-top solar), etc.
21. PwC
Private Sector participation will require ccompetitive policies to incentivize
better perf0rmance, enhancing customer experience, and reducing government
support
Number of
operators
Single
Multiple for region,
Single on Route
Multiple for region
and routes
Multiple
Nature of
competition
Monopoly
Regulated
Monopolies
Service competition
to acquire market
Free market
competition
Fare structure
Government Owned
& Regulated
Regulated Regulated
Unregulated
(with oversight)
Market/ Demand risk
Choice for users
Role in operations planning
Cross subsidies
Innovation in service – price combination
Role in capacity planning
Low High
Low High
Low High
Low High
Low High
High Low
Example: India, London Bus Mauritius Sri Lanka IPTs,
22. PwC 14
Implication on
nature of investors
RealEstate
• High return
expectation, shorter
investment timeframe
•Capital competes with
other high-risk, high
growth sectors
• Low risk appetite, long
investment timeframe
•Capital competes with
similar sectors in other
countries
Riskprofile
Performance
Fare & Non Fare
Revenues
Metros, Terminals
Risk bundling across transport modes would improve
financing ability
Indian infrastructure Outlook: Opportunities for Japanese corporates •
Source: PwC Analysis
Toll Roads, Parking
and Vehicle
Registration
Market
PPP’s in India typically carry demand
and revenue risk
• Occasionally, also Real Estate
risk bundled in
Government actions expected
PPP structures being revisited
Sector reform & regulation to
make Demand risk financeable
Partnering strategies, and choice of
business-models, can help align risk
profile with appetite
23. PwC
Summary
Asset Value Maximisation through enhanced
monetisation potential
Improving Customer Services and rider quality is
important to drive up demand
Alternate non-fare revenue sources depend on ability to
monetise customer connect
Fare rationalisation could be necessary to develop
sustainable financing sources