The document summarizes a presentation about the Mumbai Metro One PPP project. It describes the current transport challenges in Mumbai with overcrowded suburban rail. It then outlines the project details, including its 3 phases and Phase 1 specifications. It discusses how the bidding process was conducted, including the feasibility study, EOI, and financial bidding process. The winning consortium of Reliance Energy Ltd, Veolia Transport, and others is mentioned. The document concludes with briefly noting the PPP structure and risk allocation framework.

1. MUMBAI METRO ONEPPP session Faisal Khan

2. Presentation Plan Present Scenario of transport infrastructure in Mumbai Project Description Bidding selection PPP structure of the Project Risk allocation framework

4. Many areas in city and suburbs are not served by rail system

5. Suburban rail traffic increased by 6 times while the capacity increased by only 2.3 times

7. Phase I – Versova-Andheri-Ghatkopar line with dedicated elevated corridor and of length 11.07 km with 12 stations

8. Rail to have maximum speed of 80kmph with average speed of 33kmph

9. Project will provide East-West rail based connectivity to Central and Western suburbs

11. Bidding Selection Detailed feasibility study carried out under the Indo-German technical co-operation to the group of TEWET, DE-Consult and TCS during 97-00 Study recommended mass transit corridor from Andheri to Ghatkopar as potentially bankable and economically viable – Government decided to go on PPP basis Management of transaction process – Consortium of Louis Berger as technical consultants, PwC, Masons and Economic Laws and Practices was appointed to assisst MMRDA Bids invited in August 2004 and 150 bidders responded to EoI Bid process: Technical and financial stage

12. Bidding selection contd.. Technical bids invited in May 05 HCC and RITES Reliance Energy Limited, Veolia Transport, Connex-France ShaktikumarSacheti Limited and Lingakaran Metro Siemens, L&T, Gammon, BEML IL&FS, ITD Thailand and Unity Infraprojects Financial bids invited from qualified bidders in January 06 Reliance Energy Limited and Connex-France IL&FS, ITD Thailand and Unity Infraprojects Bid Won by consortia of Reliance Energy Limited, Veolia Transport, Hong Kong MRT & Connex France

13. Bidding Selection contd.. Expected IRR of 26% by REL-led consortium but government negotiated and the consortium agreed to an equity IRR of 15% 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 Government gave special grant of 20% and GoM approved grant of 7.5% of project cost SPV incorporated in December 2006 by the name ‘Mumbai Metro One Private Limited’

14. Financial Model

15. PPP structure of project Connex-France & others EPC Contractors 5% Reliance Energy Ltd MMRDA MMOPL 69% 26% Indian Bank, Oriental Bank of Commerce Canara Bank, KarurVysya Bank IDBI, Corporation Bank

16. Risk Allocation Framework

17. Thank You for Listening