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Risks and Risk Management for the Versova- Mankhurd metro line

by: Shivendra Singh MBA(Tech)I.T 172

Phase I (2006 2011)


Versova - Andheri Ghatkopar - 11.07 Km

Colaba - Bandra Charkop

- 38.24 Km

Bandra - Kurla Mankhurd Total

- 13.37 Km - 62.68 Km

Phase II (2011 2016)


Charkop - Dahisar Ghatkopar Mulund - 7.5 Km - 12.4 Km

Phase III ( 2016 2021)


BKC - Kanjur Marg via Airport - 19.5 Km

Andheri(E) - Dahisar(E)

- 18 Km

Hutatma Chowk Ghatkopar

- 21.8 Km

Sewri Prabhadevi

- 3.5 Km

Total Length

146.5 km

by: Shivendra Singh MBA(Tech)I.T 172

Total Cost

Rs 19,525 Cr

SOME KEY FACTS


Mumbai Metro to be a 146.5km rail-based mass rapid transit system. The first line (phase I) connecting the regions of Versova, Andheri and Ghatkopar (VAG) is under construction. phase I construction is completed and this section is expected to be operational by the end of 2012. Phase II, which will connect Charkop, Bandra and Mankhurd, has been awarded to the consortium made up of RIIL, SNC Lavolin Inc, Canada and Reliance Communication. The contract, RIIL expects the phase II route to be operational by 2015, although the execution plan indicates project completion for 2016 The third metro line (phase III) is still underway and consists of two elevated and 14 underground stations.

Present Transport Scenario in Mumbai

11 million people

travel daily by Public Transport (share of PT

more than 90%) Many areas in city and suburbs are not served by rail system Suburban rail traffic increased by 6 times while the capacity increased by only 2.3 times 4500 passengers travel per train against the carrying capacity of 1750 resulting in unbearable overcrowding

Versova-Andheri-Ghatkopar Charkop-Bandra-Mankhurd Colaba-Mahim-Bandra

Risks in Metro Projects


Construction

J
Regulatory Political Commercial Operational & Maintenance Financial Risk

RISK S RISKS
Force Majeure Risk Market Risk Cost Overrun Risk Land Acquisition Risk Technology Risk Risk

Mumbai Metro
Total Project cost Rs 2356 crores First phase 2006-11 Commencement of Operations 2009-10 Mass transit corridor from Andheri to Ghatkopar

First MRTS project in India being implemented on Public Private Partnership (PPP) format
DMRC (Delhi Metro Rail Corporation) prepared the master plan for Mumbai metro Private party Reliance Energy Ltd

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Mumbai Metro

Risk Allocation

Risks borne by MMRDA


Land acquisition Force Majeure Environmental Political & social

Risks borne by Private party


Design & Construction Operation & Maintenance Subcontractor Financing Revenue Financial Technology Project completion Environmental
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Mumbai Metro
Risk mitigation by MMRDA Risk mitigation by Private party

Detailed feasibility study carried out by TEWET in association with DE-Consult & TCS, during 2000-2004 Plan updated by MMRDA in 2005 Clearances obtained beforehand Deep political backing by GoM

35 years Concession agreement with MMRDA Contractual & legal shield Capital contribution of Rs 650 crores with a 70:30 debt-equity ratio Independent parties assigned the review and monitoring job Technical consultants appointed for planning & reviewing the

engineering & construction phase Insurance coverage for certain Force Majeure
J
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DURI NG CONS TRUC TIO N As stated in Para 1.0 above c constructtion of the superstructure of such long distance of viaducts has not only to meet the functional requirement but also to take c are of theSite constraints such as Allowing free flow of vehicular traffic on the already congested along with chosen alignment, Paucity availability of land, Existence of charted and uncharted utilities, Problems to pedestrians, Problems to existing residents, and Environmenta limpac t including noise and vibration etc. Mitigation Measure sTo have minimum inconvenience to genera l public the following mitigation measures are required Fully barricading the construction corridor, Providing proper signage and lighting arrangement, Completing the construction in a minimum time frame and in a time bound manner, Good house keeping of the surrounding area, and Raising the confidence of the public by adopting safety measures, caring for public attitude

ENVIRONMENT IMPAC T: At locations where pollution level h as already exceeded the permitted level or is on higher side, every construction activity needs very close scrutiny to ensure that there is no further environmental degradation. Planning for method of construction and type of materials used plays a very vital part in containing the adverse environmental impact.