HYDERABAD METRO

PROJECT
DONE BY :
GAUTAM BHATIA (104)
SULABH CHOKHANI (108)
JONITA DCOSTA (110)
VATSAL GUDKA ()
AMAN SHAH (142)
RONAK SHAH (144)
 Project Description
• Hyderabad – a growing city covers 625 kms of Municipal Area and 6,852 kms of
Metropolitan Area

• GoAP has planned a Mass Rapid Transit System covering three high traffic
density corridors of Hyderabad

• Project to be developed on a PPP basis through the BOT mode

• Corridor 1 : Miyapur – L. B. Nagar (29.87 kms) having 27 stations

• Corridor 2: Jubilee Bus Stations – Falaknuma (14.78 kms) having 16 stations
and
• Corridor 3: Nagole – Shilparammam (26.51 kms) having 23 stations
 PPP Structure of the Project
• Project is to be developed under a concession agreement on BOT
basis for a period of 35 years

• The operator has to design, finance, construct, operate, and maintain

the 3 corridors and transfer the assets at the end of the concession
period

• The assets would be constructed or procured through contractors and

equipment suppliers.
 PPP Structure of the Project
• Operator would also have access to the commercial development of
land available at the depots (212 acres) and 10% of the carpet area of
the station sites

• SPV would also be allowed to undertake real estate development over

the parking and circulation areas at stations

• All the real estate development related assets created under the
project would also be considered the assets of the SPV
 Process Analysis
Inception

Feasibility

Procurement

Development

Delivery
 Inception and Feasibility
• DMRC Feasibility Study 2005
• 61 kms over 3 corridors to 66 Km
• BOT Basis with 40% VGF
 Procurement
• GoAP invited bid through EOI-cum-RFQ
• Various Indian and international players in prequalification
• Maytas wins the bid
 Development & Delivery
• SPV HMR Limited approved in 2008
• Concession and shareholder agreement in September 2008
• Eventually cancelled in March 2009
• Re-bid RFQ
• LTMRHL wins the bid in September 2010
• Commencement of Ground work 2012
• Viability funding gap Rs 1,458 Approved in 2013
• November 2017 Inauguration
 Key Learnings and observations
• Promoter Backing
• Right of Way
• Traffic Risk
• Real estate development
• Very volatile and cyclical sector
• Lot of variations in the calculations of bidders
• Various options available are breaking up the project or government itself
taking the initiative with the help of private operator