Hyderabad metro rail L&T | Construction sequence and procedure
W w w. h m r. g o v. i n NVS Reddy Managing Director Hyderabad Metro Rail Ltd. Hyderabad Metro Rail...
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w w w . h m r . g o v . i n NVS Reddy Managing Director Hyderabad Metro Rail Ltd. Hyderabad Metro Rail in PPP Mode Presentation to the 6 th Global Infrastructure Leadership Forum
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Transcript of W w w. h m r. g o v. i n NVS Reddy Managing Director Hyderabad Metro Rail Ltd. Hyderabad Metro Rail...
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NVS ReddyManaging Director
Hyderabad Metro Rail Ltd.
Hyderabad Metro Rail in PPP Mode
Presentation to the 6th Global Infrastructure Leadership Forum
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A completely elevated MRT project in Hyderabad, Southern India
3 Corridors/Lines (72 km) taken up in Phase I
UMT sector - World’s largest Metro Rail project in PPP mode
Main project cost : USD 2.66 b + Property Devpt. ph.I (USD 0.41b) + Land + other costs (USD 0.37 b) = USD 3.44 b
Implementing Entity:
● Concessioning Authority: Hyderabad Metro Rail Limited (Govt. of AP)
● Concessionaire (Pvt. Sector): L&T Metro Rail (Hyderabad) Limited, an SPV of USD 12 b L&T
Hyderabad Metro Rail Project
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India
India
Hyderabad
Hyderabad city – geographical location
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Hyderabad, a city of 8m pop
Capital of the Southern State of Telangana
Historical City – now hub of pharma industry, research institutes, IT/ITES Service Sector Economy
Severe traffic congestion & increasing pollution levels
Lack of efficient, reliable & comfortable PTS increase in personal vehicles: 3.0 million vehs + addition of 0.3 m p.a
Total motorized trips: 7 m per day – Bus + local rail: 44%; Two wheelers: 30%; Autos: 16%; cars: 10%
Traffic & Transportation Scenario in Hyderabad
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Phase I: 3 corridors; 72 km; 66 stations & 3 Depots
Integration/Interchange with Main rail terminals & Bus Depots
‘Transit +’ concept: Last mile connectivity with Feeder Buses, NMT, Pedestrian Facilities & Street Furniture
Not a simple Metro, but an urban redesign & rejuvenation effort to transform Hyderabad into a people friendly green city
Eco-friendly stations with natural ventilation, skywalks, bicycle stations & tracks and other commuter friendly facilities
Expected to generate about INR 500 b (USD 8.06 b) investments in Hyderabad & it’s surroundings
Hyderabad Metro Rail as “ Transit + ”
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35 yr concession, extendable by another 25 yrs
World’s largest Metro in ppp mode
Main project cost : USD 2.28 b (INR 14,132 Cr.) + Property Devpt. ph.I USD 0.36b (INR 2,243 Cr.) + Land & other costs USD 0.32 b (INR 1,980 Cr.) = USD 2.96 b (INR 18,355 Cr.)
Commercial risk by Concessionaire & no traffic guarantees
Well balanced & bankable Concession Agreement; transparent global bid process
Technology–neutral & performance based ‘output’ oriented MSS (tech specs)
RfQ & RfP stages – DCA; MSS & SHA
PPP Format
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Scope for design innovation & reduction in life cycle costs
269 acres (109 Ha) land; commercial exploitation of air space to create 18.5 m SFT – lease rentals
Prefixed tariff & fare escalation formula; differential tariff (peak vs off peak hours)
Stations as hubs of activity – shopping malls, multiplexes & leisure; hotels & eateries; hospitals, clinics, office space etc
Ridership & property development boosting each other financial viability
PPP Format
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Project cost : USD 2.73 b (INR 16,375 Cr.)(MRT : 2.36 b (INR 14,132 Cr.) + Property Devpt : 0.37 b (INR 2,243 Cr.))
Senior Debt : USD 1.91 b (INR 11,478 Cr.) Subordinate Debt : USD 0.17 b (INR 1,000 Cr. ) Equity : USD 0.41 b (INR 2,439 Cr.) Other Sources (VGF) : USD 0.24 b (INR 1,458 Cr.)
Total : USD 2.73 b (INR 16,375 Cr.)
Financial Closure achieved in March 2011
Revenue Model: 50% from Fare box; 45% from Property devpt; 5% Misc (Ads + Parking fee)
IRR
Project IRR : 13.89%
Equity IRR : 17.50%
Funding Pattern & Financial model
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Lenders’ Engineer
Consultants for Carbon Credits
• Independent Engineer : Louis Berger, USA • Safety Consultant : Eptisa, Spain
Programme Manager
Concessionaire’s Engineer(CE)
Independent Safety and RAM Assessor
Lenders Insurance Consultant-Marsh India Pvt. Ltd.
Operation & Maintenance Contractor
The Team (Authority, Concessionaire, Consultants etc.,)
Concessionaire : L&TMRHL
Authority : Hyderabad Metro Rail Limited (GoT)
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Engineering, Procurement & Construction contractors
Packages Vendors
Viaduct, Stations & Depots L&T Construction
Rolling Stock Hyundai Rotem, South Korea
Power supply + SCADA L&T Construction
Traction L&T Construction
Signaling & Train Control Thales, Canada (French company)
Communication Thales, Portugal (French company)
Track works(Turnouts / Rails / Fastening system)
L&T Construction along with(Voest Alpine, Austria + Tata Corus, France + Vossloh, Germany)
O&M Operator Keolis France
Automatic Fare Collection (AFC)
Samsung, South Korea
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Contact Information
Name : Mr N.V.S.Reddy
Company : Hyderabad Metro Rail Ltd.
Role in Project : Managing Director
Phone : +91 40 2338 8580 / 81 (Fax 82)
Email : [email protected]
Website : www.hmr.gov. in
Name : Mr V.B.Gadgil
Company : L&T Metro Rail (Hyderabad) Ltd.
Role in Project : Managing Director
Phone : +91 40 67295500 | Fax: +91 40 23123015
Email : [email protected]
Website : www.ltmetro.in
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N.V.S.Reddy
