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Mumbai Metro Project
Ashwini Bhide Joint Metropolitan commissioner, MMRDA,Mumbai
Mumbai Metropolitan Region Development Authority
MMRDA was established in 1975 under MMRDA Act MMRDA is a Regional Planning Authority for MMR and Special Planning Authority for certain notified areas within MMR. Development Financing Agency for ULBs within MMR. Nodal Agency for Centrally Sponsored Schemes.
Co-ordination Agency for Infrastructure Projects implemented by different agencies.
Implementing Agency for various infrastructure projects within MMR with Transport Infrastructure as the primary focus
Mumbai Metro Rail Project:
• Implementing agency: MMRDA Overview: • Master Plan prepared by DMRC with
the help of IIT Mumbai & TCS
Versova-Andheri-Ghatkopar Charkop-Bandra- Mankhurd Colaba-Mahim-Bandra
The main objective is to provide a
mass transit connectivity to people within an approach distance of 1 to 2 K.m. & to serve the areas not connected by existing Suburban Rail
Charkop - Dahisar
Ghatkopar – Mulund
BKC-Kanjur Marg via Airport
indentified 9 to
Andheri(E) - Dahisar(E)
Hutatma Chowk - Ghatkopar
Sewri – Prabhadevi
implemented in three phases, total
length 146.5 km
Project Case Details
Metro I :Varsova Andheri Ghatkopar Corridor Project Overview and Salient Features Salient Features Elevated corridor of 11.25.353.(5%) Platform Length (6 Coaches):135 m Project Cost: Project Period: Rs 2356 Cr 2007 to 2012 Likely to be completed by December 2010 Violia Transport Equity 5 .77 km of total Viability Gap : Rs 650 Cr (28%) Length with 12 Elevated stations Minimum ground clearance : 5.133Cr(26%) :Rs.5 m Concession period : 35 years Consessioning Authority : MMRDA Concessioner : Joint Venture of Reliance Energy Maximum Gradient : Minimum Curvature : 4.0 % 100 m Ltd and Violia Transport of France SPV : MMOPL MMRDA equity Reliance Equity :Rs.59 Cr.1Cr(69%) :Rs.
15.64. 8.Revised at the rate of 11 % every 4th year.82.000 western & eastern suburbs and two important suburban railway stations High ridership forecast Will provide access to important industrial and commercial area Will reduce the journey time from 71 min to 21 min between Versova & Ghatkopar Fare of Rs.00 (up to 3 km) & Rs.000 2031: 8. 10. 6 .12 (> 8 km)-2009 Prices Fare Revision Mechanism .000 2021: 6.VAG Corridor: Overview and Salient Features Metro I :Varsova Andheri Ghatkopar Corridor This corridor connects densely populated areas of Expected daily ridership 2011: 5.00 (> 3 km and <km)& Rs.
construction. demand. complete. operation and maintenance. commission.VAG Corridor: Overview and Salient Features • • Scope of the Project – covers the finance. engineer. design. i. procure. Basis of the Concession Agreement –based on Model Concession Agreement implemented by NHAI for road projects. To levy. study. • Nature of the Concession to be Granted – • • To investigate. modified and adopted to suite requirements for implementing a rail based system. testing .e. signing of Concession Agreement including 5 years of construction . commissioning. collect and appropriate Fare from commuters and persons liable to payment of Fare using the MRTS Project facility. design. • Period of Concession: 35 years including construction period commencing from the Appointed Date. develop. finance. operate and maintain the MRTS project Facility and.
100 square meter commercial space for passenger amenities on each station . • Performance and Technical standards in accordance with best industry practices have been specified.Risk sharing: Roles and responsibilities… MMRDA Concessionaire • • Capital Contribution of Rs 650 cr Provide necessary space/land for Car • No guarantee whatsoever with regard to ridership and revenue has been provided. 1/annum) . • No assurances regarding parallel competing facility has been given. Depot and for locations of electric sub stations on a nominal lease charge of Rupee One per annum (Rs Entire risk is to be borne by SPV. Advertisement Revenues. free from all encumbrances. as necessary Cost of shifting of utilities to be borne by MMRDA • Concessioner „s source of revenue: Fare Box Collection. • • Resettle and Rehabilitate (R & R) all affected persons.
5. proposed modifications if any to provide level playing ground • • Those bidders scoring 75% and above in technical evaluation were eligible to submit financial proposal Second Stage-Financial Proposals: • Evaluation of Business Plan and other formats submitted as per RFP Documents A bidder asking for minimum capital contribution to be selected as Preferred Bidder .650 million or US $ 81.000 PHPDT.000 million or US$ 112 million Annual Turnover for the last 3 years of more than Rs. constructing or operating a Mass Transit System with minimum capacity of 20.3.VAG corridor: Bidding Process Eligibility Criteria An Indian Company or a Company authorised to carry out business in India or a JV with an Two Evaluationstage evaluation process • First Stage-Technical Proposals • • • Evaluate Bids for Financial Capability and Technical Competence as per evaluation criteria Scrutinize system design proposals for conformity o Technical and Performance specifications Obtain bidders‟ confirmation to incorporate Indian Company Net worth of more than Rs.0 million Relevant experience in developing.
Rs 2356 Cr and Capital Contribution: Rs 1251 Cr •Negotiations carried out with the lowest bidder to reduce the capital cost •As a result demand for capital contribution reduced from Rs 1251 Cr to Rs 650 Cr •Negotiated offer evaluated by the Bid Evaluation Committee appointed by the Metropolitan Commissioner •Approval by the state cabinet to the revised offer .VAG corridor: Bidding Process •Received bids: five •Technically qualified: three • • • Mumbai Metro Consortium” led by L&T Gammon Infrastructure Ltd – Siemens and BEML “Mumbai Metro One consortium” led by Reliance Energy Limited (REL) – Connex France “IICCU consortium” led by Infrastructure Leasing & Financial Services Limited – ITD Thailand-Unity Infra •Financial proposals received: two Mumbai Metro One and IICCU •Preferred Financial bid: Mumbai Metro One : Cost.
296 Crores Land To be provided free of cost . 353 Crores Connex: 5% ~ Rs. 26 Crores MMRDA: 26% ~ 134 Crores Debt Total taxes and duties Rs. 1194 Crores Rs. 2356 Crores Rs 650 Crores Total Equity – Rs 513 cr REL : 69% ~ Rs.VAG Corridor: Investment Details Salient features of Financial Offer Parameters Debt : Equity Mumbai Metro One (MM1) 70:30 Total project cost Capital Contribution (VGF) Rs.
2005 15th September.Bidding Process – Time Schedule Milestone Govt. 2006 June 2006 . 2006 10th May. 2005 10th January. 2004 23rd November 2004 Technical bids Invitation of Financial Bids Receipt of financial bids Evaluation of Financial bids 16th May. 2006 January. 2006 Negotiations with the lowest bidder Negotiated offer LOI issued after GOM approval February-May. 2004 21st August. of Maharashtra approval Invitation of Global Bids Pre-bid meeting VAG Corridor :Milestone Achievements Date 19th August.
2007. Electric sub Station was provided to MMOPL by MMRDA in January. 2008.Milestone Achievements …. . VAG Corridor: Milestone Achievements • SPV named Mumbai Metro One Pvt. Actual construction work was started from 08th Feb. Partial ROW was provided to SPV on 17th December. 2008 & 7th March.2008. 2008. Ltd. • Land for labour camps was handed over to MMOPL at Mulund and Malwani on 25th Feb. 2006 • Public Information Centre was commissioned • • • • • along the alignment at Sakinaka in 26th October. Land for casting yard. was incorporated on 22nd December. 2007.
Western railway approved the GAD of major Bridge at Andheri on 17th march. Home guard Land handed over to MMOPL for casting Yard on 17th Jan. 2008.VAG Corridor: Milestone Achievements …. O & M agreement between MMOPL & Veolia transport signed on 26th Sept. • • • • • • • Land for car depot at D N Nagar handed over to MMOPL on 4th August. 2008. Lenders apprised the project and accorded their approval. 2009. GOI accorded approval for VGF up to 20% of project cost. 2009. 2008. . Financial closure achieved on 3rd Oct.
M/s Louis Berger Inc. in Association with RITES Limited are appointed as “Independent Engineer” Physical Progress: 70% foundation work completed. Signaling. awarded. buildings completed and the work for utility shifting is in progress. Electrification.Milestone Achievements …. Present VAG Corridor: More than 90% ROW handed over to MMOPL Status Utilities mapping. supply of rolling stock. condition survey of adj. Consortium of M/s Systra & Parsons Brinkerhoff are appointed as the Engineering and Project Management Consultancy (EPMC) Consultants. Communications Automatic Fare collection System etc. The contracts for the civil works. track work. girder launching started at certain stretches . power supply.
Pier Cap Launching .
Viaduct @ D N Nagar Station Stretch .
Viaduct @ Kamdhenu Junction Stretch .
Viaduct @ J B Nagar .
Civil Works – Pier Cap Casting .
Civil Works – Pier Cap Stacking .
Civil Works – Viaduct : Girder .
Ghatkopar Station .
Marol Naka Station .
Will Cross the Andheri Flyover .
56 ft wide.East Side Biggest pile cap foundation on land for any bridge in the country. 26 ft wide & 16 ft deep .
East Side Tallest pier on land for any Metro bridge in the country : East Side Pier of WEH Bridge. 60 ft .
West Side .
Marol Naka Station .
Sakinaka Station .
Project Case Details .
Charkop – Bandra – Mankhurd Alignment Metro Line 2: Charkop Bandra Mankhurd Charko p Malad (M) Charkop Kasturi Park Bangur Nagar Oshiwara Samartha Nagar Shastri Nagar Versova DN Nagar JVPD SG Barve Marg ESIC Nagar Income Tax Officce Ville Parle (M) Nanavati hospital Aryasamaj Chowk MMRDA Khar (M) National College Bharat Nagar Complex Road Juhu Shivaji Chowk Ghatkopar Kurla (M) RC Marg Bandra BSNL Mankhurd .
Bandra.Mankhurd Corridor Metro Line 2: Project Details 31.16 Charkop Mankhurd Interchange facilities D.N Nagar.Salient Features of Charkop –Bandra.77 22.75 18.87 Km Route Length Number of stations Daily passengers in Lakhs 2011 2021 2031 Maintenance Depot 27 –All Elevated 12. Kurla and Mankhurd Project is being implemented on BOT / PPP format .
Concession Agreement finalized based on Bid Documents of Hyderabad Metro and drafts of Planning Commission. The documents submitted to Department of Economic Affairs (DEA) on 19th June 2008.Process followed GoI accorded approval to initiate Pre-Qualification process subject to the condition that model documents finalized by GoI/Planning Commission will be followed. The Pre-Qualification process started based on RFQ document of GoI. Clearance was given by DEA in October 2008 after several meetings. The bid documents were issued to the bidders in October 2008 .
Alstom (France). Bombardier Transportation (USA) IL&FS (India). .List of Technically qualified bidders • • • Essar (India. (India. Hyderabad) • • Larson & Tubro Ltd. (India. Soma Enterprise Ltd. New Delhi). AP). Mitsubishi Corporation (Japan). • • Reliance Infrastructure Ltd. (India. Reliance Industries Ltd. Punjleoyd Ltd (India. Mumbai). Mumbai). Mumbai). Yeoh Tiong Lay (Malaysia). Siemens AG (Berlin -Germany). SNC-Lavalin Inc. Mumbai). Mumbai). Pioneer Infratech Pvt. Transportation Network Ltd (India. GE India Industries Ltd. (India. (L&T Ltd) (India)-IDPL. (Canada). CAF Tata Power Company Ltd. (India . Reliance Communication Ltd. – IIPL. Lanco Infratech (India) GVK Power & Infrastructure Ltd. (India. Gammon India Ltd. Delhi). (India. Ltd (India. Mumbai). Mumbai).
1532 Cr. The Concession Agreement will be signed by GoM.Continued … DEA sanctioned VGF grant of Rs. MMRDA will however be the project implementing agency as well as the government instrumentality as per G. • • As a result one bid from consortium led by M/s Reliance Infrastructure Ltd.R Dated 17th March 2009 GoM/MMRDA will not hold any equity in the SPV. was received demanding a grant of Rs. 2298 Cr. 2008 Financial Proposals were finally received on 29th May 2009 after few extensions of bid due date as per request of the bidders. After initial extensions with the help of ADB‟s PPP expert working with the state government confidence building meetings were held with the selected bidders and their concerns were addressed. The concessionaire will however allot one Golden Share in favour of the government which will entitle the government to nominate one Director on the Board of the Concessionaire • . in Nov.
06.02.2007 30.2006 16.2008 Final Bid Documents issued to Bidders 02.11.2008 .03.11.11.2007 PQ issued to Applicants (32) PQ applications submission date (8 applicants submitted) Submission of Technical Proposal (7 Pre-qualified applicants were asked to submit the Technical proposal) Proposal for In-principle approval for VGF for revised cost of Rs 8250 Cr 01.2007 11.Metro Line 2: Milestones Achievement GoM Approved the project Proposal for VGF Funding Invitation of Global Bids 14.02.2006 18.2007 16.07.
2009 29.2009 29.10.08.2009 21.Metro Line 2: Milestones Achievement Bid documents approved by GoM Submission of Financial proposal LOA issued 26.2009 Laying of Foundation Stone by Hon‟ble President of India Formation of SPV Signing of the Concession Agreement Financial Closure * Commencement of Work 18.08.2010 October 2010 September 2010 .2009 03.05.03.1.
Rs 1852 Cr. *Rs 766 Cr. . Rs 39 Cr. 2298 Cr. Total VGF Grant demanded by Bidder is Rs. 1532 Cr. Rs 665 Cr. * VGF of Rs. 382 Cr. Rs. will be provided by GoI.Financial Obligation on MMRDA • • • • • • Project Cost VGF Utilities shifting & R&R Independent Engineer Fee Land Acquisition Total Rs 8250 Cr.
Fare Structure for Mumbai Metro Line 2 Distance 0-3KM 3-8KM Metro Fare (in Rs.) 2007-08 7 9 8-12KM 12-15KM 15-20KM 11 13 15 20-25KM 25-30KM >30KM 18 20 22 The METRO fare to be revised at the rate of 11% every fourth year .
Only a well structured project will be attractive to private investors. Adoption of model transaction documents will expedite competitive bidding process. Model Concession Agreement finalized by Planning Commission needs further fineturning especially with reference to technical aspects. 41 . Potential Bidders‟ concerns must be addressed adequately through process of consultation. Realistic Eligibility criteria for the lead and other consortium members shall ensure technically strong & financially sound Special Purpose Vehicle (SPV).Key-Lessons:Public Private Participation (PPP) model as the preferred mode of implementation for capital-intensive rail-based urban transit projects due to budgetary resource crunch.
Realistic provisions will make projects more bankable & minimise demand to Viability Gap Fund (VGF).Key Lessons Risk-allocation has to be equitable. easy to implement and monitor provisions to achieve desired quality of service. Tendency to pass on maximum risk to the Concessionaire will prove counter productive. For success of PPP model conducive environment is a MUST. Ridership risks-area of major concern for the private investors. Property Development as a part of the concession does reduce demand for VGF but lack For the Operation & Maintenance phase. 42 . Concession Agreement must have transparent.
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