Value capture finance Tools RRTS

1. VALUE CAPTURE
FINANCE IN TOD:
Delhi-Ghaziabad-Meerut
RRTS corridor
Guide: Prof Shiv Prasad Singh,
MRICS
Presented By:
Ankit Sarkar: A13558922032
P Sravan: A1355922035
MBA REUI 4
REAL 797: Future Cities(Part 2)

2. RRTS: Project Overview
RRTS The Regional Rapid Transit System (RRTS) is a
planned rail-based suburban transport network
linking Delhi with neighboring urban hubs like
Alwar, Meerut, and Panipat.
Its primary goals are to offer fast, dependable,
secure, and comfortable transportation options for
the National Capital Region (NCR).
The RRTS aims to notably reduce travel
durations and support the commuter transport
infrastructure of the region.
RRTS differs from metro in that it caters to users
who want to travel significantly greater distances
with fewer halts and at a higher speed.
Implementing Body: National Capital
Region Transport Corporation (NCRTC)
First Corridor: Delhi-Ghaziabad-Meerut
RRTS (82.15 km)
Stations : 25 proposed
Operational Route: Sahibabad-Duhai (17
km)
Delhi –
Ghaziabad
– Meerut
Corridor
Delhi –
Gurugram
– SNB –
Alwar
Corridor
Delhi –
Panipat
Corridor
Phase 1
*Image source: NCRTC *Data source: NCRTC

3. RRTS: Project Scope
Parameters Details
Project Goal Enhance transport efficiency, safety, inclusivity, and sustainability along the Delhi-Meerut corridor.
Project Description Develop and construct an 82 km rapid transit system connecting Sarai Kale Khan (Delhi) to Modipuram
(Meerut), with a design speed of 180 km/h and average speed of 100 km/h.
Key Components Civil works for elevated & underground sections with stations, two depots, track work, and traction system.
Financing Total Cost: USD 3,449.70 million. Financing includes AIIB loan of USD 500 million (14.5%), ADB funding (30.4%),
and contributions from Governments of India, UP, Delhi (55%).
Implementation Timeline Project commenced in July 2021, slated for completion by August 2027, with loan closing anticipated by December
2027.
Project Implementation and Monitoring Flowchart
Future
Development
•South: Delhi - Faridabad - Ballabgarh -
Palwal
•West: Ghaziabad - Khurja, Delhi -
Bahadurgarh - Rohtak
•East: Ghaziabad-Hapur, Delhi-
Shahadra-Baraut
Sarai Kale
Khan Central
Hub
•Connecting Point: Interlinking all
three Phase I corridors (Delhi-Meerut,
Delhi-Gurugram-Alwar, Delhi-Panipat)
•Gateway: Establishing connections
between Delhi and neighboring states -
Uttar Pradesh, Haryana, and
Rajasthan

4. RRTS: TOD Based Development
Transit
Oriented
Developm
ent (TOD)
Transit-Oriented
Development (TOD)
integrates land use and
transportation planning to
foster vibrant, dense, and
pedestrian-friendly
communities around transit
hubs.
Government policies provide
extra development rights in
areas influenced by transit
projects, encouraging diverse
land use for sustainable
urban development.
TOD improves transit
network effectiveness,
convenience, and quality of
life for residents through a
focus on public transit use
and coordinated planning
efforts.
Revenue Collection
State Consolidated Fund Fund of Development Authority Fund of Municipal Body
Taxes / Fees on Land & RE Development
State Govt: Land use conversion Fee
/ Stamp Duty on Land/ Property
Transaction
Development Authority: License
Fee/ Development Fee/ CLU
charge/ Premium FSI/ Additional
Infrastructure Development
Charges
Municipal Body: Property Tax /
Water tax/ Sewer Tax / License
and Plan Approval Charges
Revenue Flow Mechanism for Indian Cities
LandOwners Developer Entity End User
Aerial views of the Multi-Modal Town Centre building in
Bhubaneswar show potential for transit and pedestrian-
oriented development along the projected BRTS corridor.
Source: IBI

5. Financial Summary & ADB’s Assistance
Financing
Plan
The government has asked for a Multi-Tranche Financing
Facility (MFF) of a maximum of $1,049 million from ADB's
regular capital resources.
Amount to be disbursed in 4 tranches
Govt. also requested fund from AIIB & JFPR
Financing
Sources
Tranche ( Periodic Financing Request) Percent
of Share
2020 2021 2023 2025 Amount
($ million)
Asian
Development
Bank (OCR)
500.00 0.00 250.00 299.00 1049.00 30.40 %
Asian
Infrastructure
Investment
Bank (AIIB)
0.00 500.00 0.00 0.00 500.00 14.50 %
Japan Fund
for Poverty
Reduction
(JFPR)
3.00 0.00 0.00 0.00 3.00 0.10 %
Government 800.00 800.00 206.00 92.50 1898.50 55.00 %
Total 1303.00 1300.00 456.00 391.50 3450.00 100.00 %
Areas of
ADB’s
Support Description
High-tech
signaling
Develop advanced signaling
technology, including European
Train Control System Level II, and
manage noise/vibration.
Station
architecture
Utilize building information
modeling to plan, construct, and
manage stations efficiently.
Intermodal
connectivity
Establish hubs for smooth
transfers, integrating elevators,
walkways, escalators, and last-mile
options for commuters.
TOD & VCF
Aid in creating transit-oriented
development plans for RRTS
stations and facilitate financing for
urban infrastructure through VCF
Operational
risk
management
Employ a shadow operator to
assess plans, improve decision-
making, and incorporate long-term
maintenance requirements.

6. Revenue Estimation Using VCF Tools

7. Revenue Estimation Using VCF Tools

8. Revenue Estimation Using VCF Tools

9. Revenue Estimation Using VCF Tools

10. Revenue Estimation Using VCF Tools