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Our Current and Future Projects
Tamarind Hall
India Habitat Centre
Lodhi Road, New Delhi
Thursday, September 15, 2016
Railway Station Redevelopment
A WORLD CLASS STATION …
2
…will provide state of the art facilities
to the passengers…
…will leverage the real estate potential of the land and air space in
and around the station.
…will incorporate architecture that shall reflect the culture and
the character of the city.
…will integrate development for a comfortable and
efficient passenger experience.
…will be self financing and would also
generate revenue for railway.
3
Iconic Structure
Segregation: Arrival/ Departure
Planning for next 40 years
Multi modal transit hub
Integrating both sides of the city
Energy efficient
Disabled friendly
Enhancing passengers’ delight
MAIN FEATURES
4
TOD projects - the central station complex becomes more multifunctional
The linkage system is more thematic to satisfy a diversity of needs
Station areas as places for exchange of ideas and promotion of lifestyle and culture
A physical framework that incorporates innovations in urban design and interaction design
The railway stations becoming nerve centres for ‘Smart Cities’
The transportation function plays a supportive role and no longer a central role.
WORLD’S LARGEST TOD PROGRAM
5
Ownership of land
Strategically placed
Studied well for implementation
Model under implementation
Real Estate component– Complex formalities
Competition from upcoming/planned projects in the cities
Volatility in real estate valuations.
Huge potential, growing system
FDI – 100%
STRENGTHS
THREATS
WEAKNESSES
OPPORTUNITIES
SWOT ANALYSIS
IMPLEMENTATION STRATEGY
6
Developer
Real Estate Railway Station
Development in 3 yrsO&M for 3+12 years
Transfer
IRSDC/ Railway
Premium
Lease, Development Rights and Right of Way
IRSDC
The developer will fund the development of station, using the revenues from real estate.
Developer will transfer station assets to railways and operate the station for 3+12 years through a O&M contract.
Before completion of station development, developer will not be permitted to earn revenues from real estate.
Develop in 8 yrs maxLease 45 yrs
ISSUES TO BE ADDRESSED AT STATIONS: SEVEN ‘C’s
7
Conservation
8
Traffic
Police
Airport
Authority of
India
AUTHORITY CONSULTATION/ APPROVAL
9
WHO CAN APPLY? INDIVIDUAL, PRIVATE
ENTITY
1
MANDOATORY LEAD MEMBER IN
CONSORTIUM
26%
LEAD MEMBER’S MIN. EQUITY IN SPC
4
MAX NUMBER OF MEMBERS IN CONSORTIUM
NO CONFLICT OF INTEREST
>=
51%EQUITY OF MEMBERS. LATER OF: 2ND ANNIV. OR FULL PAYMENTS
PROJECT BACKING BY THE FUNDING BANK
DEVELOPER ELIGIBILITY CRITERIA
10
½
PROJECT
COST
MINIMUM NET WORTH IN
PRECEDING FIN. YR.
EXPERIENCE LED SFM, EITHER HIRED OR
OUTSOURCED
TECHNICAL CAPACITY: PAST 5 YR REVENUE = 2X “PROJECT COST”
CAT
1PPP in SIMILAR WORKS, >=26%
EQUITY
CAT
3
EPC in SIMILAR WORKS
CAT
4
EPC in CORE SECTOR
CAT
2
PPP in CORE SECTOR, >=26% EQUITY
TEC
HN
ICA
L C
AP
AC
ITY
, ELI
GIB
LE
EX
PER
IEN
CE C
ATE
GO
RIE
SDEVELOPER ELIGIBILITY CRITERIA
11
1.25
CATEGORY 1
0.75
CATEGORY 3
0.75
CATEGORY 4
1
CATEGORY 2
FA
CTO
RS O
F E
XP
ER
IEN
CE
AC
RO
SS C
ATE
GO
RIE
S
𝐸𝑥𝑝𝑒𝑟𝑖𝑒𝑛𝑐𝑒 𝑆𝑐𝑜𝑟𝑒 = (𝐸𝑙𝑖𝑔𝑖𝑏𝑙𝑒 𝑃𝑎𝑦𝑚𝑒𝑛𝑡𝑠 𝑎𝑛𝑑/𝑜𝑟 𝑅𝑒𝑐𝑒𝑖𝑝𝑡𝑠 ÷ 10,000,000) × 𝐹𝑎𝑐𝑡𝑜𝑟 𝑜𝑓 𝐸𝑥𝑝𝑒𝑟𝑖𝑒𝑛𝑐𝑒
* In case the Applicant has experience across different categories, the score for each category
would be computed as above and then aggregated to arrive at its Experience Score.
** paid for, or received payments for, construction of Eligible Project(s) under Category 1-4;
and/ or paid for development of Eligible Project(s) in Category 1 and/or Category 2; and/ or
collected and appropriated revenues from Eligible Project(s) in Category 1 and/or Category 2
* **
DEVELOPER ELIGIBILITY CRITERIA
12
COST OF ULITITIES FOR ENTIRE
CONCESSION PERIOD
CONSTRUCTION TO NOT OBSTRUCT TRAIN
NO TRACK, TELECOM, S&T WORK; RAIL,
OPERATION
NO OBSTRUCTION BY MOBILITY PLAN
OPERATIONS
ALL UTILITIES TO BE ARRANGED BY
DEVELOPER
COMMON INFORMATION
SYSTEM AT STATION
DEVELOPER OBLIGATIONS
13
CONSTRUCTION STRICTLY AS PER EMPLOYER REQ.
O&M
5-15
YRS
RAILWAY STATIONDESIGN, PROOF CHECKS, APPROVALS
BY DEVELOPER
DEVELOPMENT OF RAILWAY AMENITIES
AND OFFICE
RAILWAY STAFF QUARTERS
STATION AMENITIES, STAFF QTRS & OFFICE
RELOCATING QTRS., OFFICES, BUILDINGS
PASSENGER PLAN TO NOT OBSTRUCT
VEHICULAR TRAFFIC
*INDICATIVE, SHALL BE MENTIONED IN THE RFP DOCUMENT AT THE BIDDING STAGE.
DEVELOPER OBLIGATIONS*
14
PARKING, part ADVT., LICENSE REVENUE,
COMMERCIAL RENT
NO RESTRICTION ON COMMERCIAL. SUB. TO LOCAL BODY APP.
LEASE
RIGHTS
ONLY LEASE RIGHTS CAN BE MORTGAGED
LICENSE
ONLY
RLY. STN. SPACE CANNOT BE LEASED,
ONLY LICENSED
NO LAND
SUB-
LEASE
LAND CANNOT BE SUB-LEASED OR
MORTGAGED
COMMERCIAL ASPECTS
8
REAL ESTATE DEVELOPMENT
15
Vacant land and air rights
Model Development Agreement (available on www.irsdc.com)
SPV to be formed for Station Development
Proposed lease period in years
3 years within which station development is to be accomplished
years within which commercial development is envisaged
Land cannot be mortgaged: ownership
always with Railways
Commissioning of Commercial Development:
after commissioning of station development
Advance Marketing: permitted through
Escrow mechanism
No residential development permitted
45
HABIBGANJ TIMELINE
16
31 Jan 2013
GMP (Germany) and ICT
(India)
22 Apr 2013
Ernst & Young.
Architecture &Technical Consultants
Financial &Bid Advisor
29 Oct 2013
Master Plan
Submitted
Submission ofMaster Plan
11 Jul 2014
Received from WCR for
Phase I.
Approval ofArchitectural
Concept
03 Oct 2014
Local Body Approvals
Recd.
Local BodyApprovals
03 Oct 2014
RFQ Invited
Invitation ofRFQ
18 Feb 2015
RFQ Finalized
Finalization ofRFQ
22 Feb 2016
RFP, Financial bids recd.
Receipt of RFPAnd Financial
Bids
14 July 2016
Developer Agreement Signed
Signing ofDeveloper Agreement
SURAT MMTH TIMELINE
17
06 Jan 2015
aXYKno Capital
Services, Nagpur
06 Jan 2015
aXYKno Capital
Services, Nagpur
Architecture &Technical Consultants
Financial &Bid Advisor
31 Mar 2015
Master Plan
Submitted
Submission ofMaster Plan
21 Apr 2015
Received with
conditions
Approval ofArchitectural
Concept
13 Aug 2015
Local Body returns
MP for resubmission
Local BodyApprovals
25 May 2016
EoI Invited
Invitation ofEoI
17 Aug 2016
MOU signed between
ISRDC, GSRTC & SMC
Signing of MoU
29 Mar 2017
Target for issue of
LOA
Signing ofDeveloper Agreement
03, 13 May 2015
Held @ Mumbai, Surat
Pre-applicationConference
18
SPC
UNIQUEFirst of its kind attempted in India, bringing together three levels of government: CENTRAL, STATE AND MUNICIPAL GOVERNMENT
PURPOSEPurpose: Development of Multi Modal Transport Hub at the Surat Railway Station: Bus Terminal, Train, LDB, Metro, Auto, BRT, City Bus Service etc.
IRSDC
Station redevelopment, funded by commercial development on leasehold rights for the lease period of 90 years on the vacant railway land and air space.
GSRTC
Central Bus Terminal (GSRTC) funded by commercial development on leasehold rights for the lease period of 90 years on the vacant GSRTC land and air space.
SMC Provides utility infrastructure support and policy/land support.
OWNERSHIP To lie vested in the promoters. Only developmental rights transferred to JVC.
SURAT MMTH = IRSDC + GSRTC + SMC
KEY AREAS OF SURAT MULTIMODAL INTEGRATION
19
POLICY Legislation, strategic vision, policy and guidelines, Land use and transport integration, Funding
NETWORK
PLANNING
Comprehensive mobility plan for all the modes for the entire city or the urban agglomeration to ensure complementarity and integration)
INSTITUTIONSUnified authority for planning, coordination and monitoring of transport across different modes and operators
INFRAWell designed stations, terminals, interchanges, pedestrian crossings, footpaths and parking near / at the stations / terminals
FAREIntegrated ticketing using smartcard and /or other smart technologies to allow seamless access and payment across different modes and operators
OPERATIONS Well designed connections to reduce waiting time between Interchange or transfer
INFORMATION Integrated information across different modes and operators
20
3D VIEW
21
3D VIEW
22
3D VIEW
23
3D VIEW
24
3D VIEW
25
3D VIEW
26
3D VIEW
27
3D VIEW
ANAND VIHAR TIMELINE
28
29 Apr 2013
DIMTS
29 Apr 2013
DIMTS
Architecture &Technical Consultants
Financial &Bid Advisor
04 Nov 2013
Master Plan
Submitted
Submission ofMaster Plan
22 Jan 2015
Received with
conditions
Approval ofArchitectural
Concept
08 May 2015
UTTIPEC transportation &
circulation clearance
Local BodyApprovals
29 Oct 2015
DUAC gives approval
Master PlanApproval
22 Feb 2016
13 RFQs opened.
All qualify.
Receipt of RFQ
TBA
Mar’17 target date
for Issue of LOA
Signing ofDeveloper Agreement
30 Sep 2015
Finalized by JSC
Financial BusinessPlan Finalization
BIJWASAN TIMELINE
29
01 Feb 2013
SENER, Spain
BARSYL India
22 Apr 2013
Ernst & Young
Architecture &Technical Consultants
Financial &Bid Advisor
13 Sep 2013
Master Plan
Submitted
Submission ofMaster Plan
25 Mar 2015
Received with
conditions
Approval ofArchitectural
Concept
08 May 2015
UTTIPEC transportation &
circulation clearance
Local BodyApprovals
19 May 2016
DUAC gives approval
Conceptual StageClearance
01 Mar 2016
09 RFQs opened.
Under scrutiny
Receipt of RFQ
TBA
Mar’17 target for
issue of LOA
Signing ofDeveloper Agreement
08 Sep 2015
Height Clearance
AAI Clearance
CHANDIGARH TIMELINE
30
31 Jan 2013
GMP, Germany &
ICT, India
22 Apr 2013
Ernst & Young
Architecture &Technical Consultants
Financial &Bid Advisor
23 Aug 2013
Master Plan
Submitted
Submission ofMaster Plan
05 Dec 2014
Clearance Received
from HQ
Approval ofArchitectural
Concept
09 Jul 2015
UT Chandigarh conveys
NOC/ Approval
Local BodyApprovals
TBD
Pending
Invitation of RFQ
TBD
Pending
Receipt of RFP
TBD
Pending
Signing ofDeveloper Agreement
Dec 2015
Haryana NOC Received
Wild Life Approval
SHIVAJINAGAR TIMELINE
31
18 Feb 2013
Sener, Spain &
Barsyl, India
22 Apr 2013
Ernst & Young
Architecture &Technical Consultants
Financial &Bid Advisor
06 Sep 2013
Master Plan
Submitted
Submission ofMaster Plan
27 Mar 2014
Appproval for Phase-
III w/ conditions
Approval ofArchitectural
Concept
14 Jul 2016
PMC Forwarded
Recommendations to GoM
Local BodyApprovals
TBD
Pending
Invitation of RFP
TBD
Pending
Signing ofDeveloper Agreement
TBD
Pending
Invitation of RFQ
GANDHINAGAR TIMELINE
32
03 Jun 2015
Consortium of Arch. Kamlesh
Parekh & Knight Frank, India
03 Jun 2016
Consortium of Arch. Kamlesh
Parekh & Knight Frank, India
Architecture &Technical Consultants
Financial &Bid Advisor
24 Aug 2016
Meeting held
with DEA
Submission ofMaster Plan
15 Sep 2016
Plan & Report
Submission Likely
Approval ofArchitectural
Concept
Master Plan Agreed by GoG
Local BodyApprovals
TBD
Pending
Receipt of RFP
TBD
Pending
Signing ofDeveloper Agreement
TBD
Pending, key VGF
decision
Invitation of RFQ
ADDITIONAL RLY. STATIONS ENTRUSTED TO IRSDC
33
GWALIOR RAILWAY STATION BAIYAPPANAHALLI RAILWAY STATION GANDHINAGAR RAILWAY STATION, JAIPUR
AMRITSAR RAILWAY STATION NAGPUR RAILWAY STATION
34
FEEDBACK PROJECT SIZE PROJECT STRUCTURE
DEVELOPMENTAL MODEL
ELIGIBILITY CRITERIACONCESSIONAL
FRAMEWORK OF PPP MODEL
BID PARAMETERS AND EVALUATION
METHODOLOGY
COMMERCIAL STRUCTURE
TOPICS OF DISCUSSION AND Q&A