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PPP Project
Number of 1 (operational)
lines 2 (planned)
3 (under construction)
Number of 12 (operational)
stations 52 (under construction)
82 (approved)
Overview
Overstretched rail and road networks have created an urgent need for
a suitable high-capacity transport system within the Indian city of
Mumbai
The existing suburban railway network, which is not designed for mass
transit, has to cope with those travelling into the city every day.
The length and width of the coaches that shall ply on the route will
be 22 metres and 3.2 metres, respectively
Mumbai Metro One is going to run on a dedicated elevated corridor and shall
have high levels of comfort for the passengers viz. fully air-conditioned
world class coaches, provision for lifts and escalators at stations, modern
automatic fare collection system and high levels of passenger security
systems.
sTAkeHolders
A Special Purpose Vehicle (SPV) named Mumbai Metro One Private Limited
(MMOPL) has been formed with Reliance Energy Limited, Veolia Transport and
MMRDA holding equity stakes of 69%, 5% and 26%, respectively
This project was one of the first projects in mass transportation systems being
implemented on a PPP basis in Maharashtra and thats why the government
took a 26 percent stake in the SPV implementing the project
The assets of the project include the viaduct, stations, bridges, depot, rolling
stock, signalling system, traction and Supervisory Control and Data Acquisition
(SCADA) system, communications systems, track work, fare collection system,
etc
PPP Structure
Connex, Epc
france & contractors
other 5%
Reliance Mmrda
energy ltd 69 MMOPL 26
% %
Indian bank, Canara bank,
orental bank of carur vysya bank
commerce
Idb
corporation
bank
Process
analysis
Project Life First Round
Cycle
Project irr 8%
The Government had been exploring the viability of various mass transit systems
that are efficient, economically viable and environment friendly
A detailed feasibility study was carried out under the Indo-German Technical Co-
operation by entrusting the consultancy work to TEWET in association with DE-
Consult & TCS, during 1997-2000
Global bids were invited in the same month for the project through
EoI
The GoI agreed to give a special grant of 20% of the project cost
and the GoM also approved a grant of 7.5% of project cost
The formal approval for VGF of Rs. 650 crores was obtained much
later by January 2009
Development
MMOPL and
Construction Government of
Financial Closure for the commenced Maharashtra
project entered
The development phase of the project was initiated in parallel to the VGF
approval process
At present, 90%of the Right of Way has been handed over to MMOPL
Utilities, mapping, condition survey, and the work for utility shifting has been
completed
Transfer of has ensured that the private operator will place its
major risk best efforts in the operating the system so as to
ensure sustainability of operations
Project Status