HYDERABAD METRO RAIL PROJECT

ANIL KUMAR SAINIHEAD - RAILWAY SYSTEMS

6/15/2016 2

Means of Finance Rs.Cr

Equity 3,439

VGF from GoI 1,458

Term Loans 11,478

TOTAL16,375

Miyapur to LB Nagar 28.87 kmJBS to Falaknuma 14.78 kmNagole – Shilparamam 27.51 km66 Stations, 18.5 Million Sqft ToD

6/15/2016 3

• Viaduct civil works o Foundations : 57 Kmo Piers : 55 Kmo Span Erection : 45 Km

• 35 Rkm track Completed

• 25 Rkm OHE commissioned

• 17 Stations completed and work in progress@40 stations

• 2 Depot commissioned

• Stage 1 CMRS approval received (8 Kms)

• Stage 2 CMRS inspection in June’16 (12 Kms)

• 2 RoB completed out of 8

Current Status

Key Challenges

6/15/2016 4

Enabling Works

• Alignment Fixing

• Land/RoW

• Utility Diversion

Construction Challenges

• Urban Environment

• Traffic Management

• Logistics/Construction Safety

• Concurrent Engg

• Skilled Manpower

…Contd

Technical Challenges

• Technology Selection – Modern vs Proven

• Systems’ Integration

Govt Support

• Statutory Approvals

• Scope of Work (RoW/Land)

• Multiple Govt Agencies

• Contract Enforcement

6/15/2016 5

…Contd

6/15/2016 6

Financial Challenges

• Delay in Revenue Operations

• Continuous RoW – Time Overrun

• Increased IDC

• Volatile Financial Market

• High Capex and Opex

• Revenue uncertainty

• Viability Gap

Government Scope

6/15/2016 7

• Continued Support

• Complete land handover

• Substantial Right of Way

• Multi-modal Integration

• Active Role in Utility diversion

• Focus on Metro Project at Highest level

Concessionaire Scope

6/15/2016 8

• Faster Financial closure

• Innovative Project ManagementElectronic Document Control System

IT tools : Primavera, Tilos

War Room

• Rapid Organizational set up

• Faster Execution – precast structures

• Modern Technologies CBTC Signaling

1:40 Rail Inclination

…Contd

6/15/2016 9

• O&M structure – Operator model

Outsourced model

IT based Maintenance Management Tools

• Statutory Approvals on time – early engagement

• Sustainability Initiatives

Zero discharge

Solar Energy

PROGRESS PHOTOS

6/15/2016 12Uppal Depot

Station Progress - Exterior

OCC Theatre*

*Architectural view

Learnings & Take-aways• Technical Specifications & StandardsModern technology Redundancy Life cycle cost (LCC)

• Statutory ApprovalSimplification of Process - online Timelines

• O&M Resource & spares sharingIndigenous vendor development Energy cost optimization – solar Benchmarking group – Indian metros

Summary • Hyderabad Metro

an example of innovative project management

L&T Group & GoTS committed for the Project

Revenue operations to start soon

• PPP Initiatives for future Projects

Tweaking the Model CA with existing experience

Equitable risk allocation

Renegotiation in case of major events

17