Académique Documents
Professionnel Documents
Culture Documents
road blocks
Brijgopal Ladda,
Head CRISIL Infrastructure Advisory
In Nutshell- The Indian Transport sector
Incidence of car trips are bound to rise due to raise in income levels
and affordability
2.
Urban Travel Demand- In India Cities
Current level of Public Transport system will not be able to meet this
demand
Planned & Mass Public Transport System is the need of the hour
3000
2511
2500
Million Passenger - Kms
2000
1500
1039
1000
759
500
0
1994 2001 2021
Year
3.
Mode Share In India Cities
A recent study indicated that during the period 1994 - 2007 the share of public
transport has declined considerably across all category of cities
Note: WSA Results based on survey of 87 cities, while RITES results are based on 21 cities
Source: Traffic & Transportation Policies and Strategies on Urban Areas- A study by WSA Inc & CRISIL
However in large cities public transport is still the single largest carrier
The lower patronage can be attributed quality & reliability of public transport
system..
4.
The Key challenges in urban transport 1/2
Arriving at the right affordable transport model for the city to address:
Dispersed growth low-medium density
Expansion of cities -increasing trip lengths
5.
The Key challenges in urban transport Stakeholders perspective (2/2)
Developers Perspective
Large project size
Financial institutions
Reluctant & Selective to fund large projects
6.
High Investment Need Limited Finances
7.
How these concerns are impacting the Projects?
Hyderabad Metro ?
8.
Should these concerns tempt for public funding in UT ?
Explore alternate project finance options intermittent to Public funding and PPP
9.
Explore Intermediate options
The extreme ends of the PPP continuum are not workable in situations
of crisis
Hence need to develop intermediate
Intermediate options
Viability Gap
Annuity Funding Unlocking
projects assisted value
projects
Service contract
Management
contract Concession
Continuum of PPPs
Public funded
and private Private funded
operated and private
operated
10.
Direct and Indirect beneficiaries
Passengers of a public
transport system
Vehicle owners using a
flyover/facility Property owners near the
developed transport system-
Businesses based on the
gaining from higher potentail
infrastructure- advertisers
value of property
on the system, vendors
Business around the transport
system- gaining from better
connectivity
Local Government- gaining higher
property taxes in the region due
to escalation in property prices
11.
PCMC BRTS Model Is a model to be replicated ?
12.
Concept of Pimpri Chinchwad Municipal Corporation
Corridor Densification by TDR -linked Land Use Control and
Infrastructure Financing Mechanism
13.
Unlocking value from indirect beneficiaries in Pimpri-Chinchwad
Advantages
Does not release additional FSI in the city; only realigns the FSI
from other zones to BRT Corridor
Will protect the value of TDR and make it more attractive
PCMC can plan higher order infrastructure in BRT corridor and
facilitate focused service provision by densification
Ensures the attractiveness of mass transit
15.
SPV for BRTS PCMC Infrastructure Company Ltd
Will help PCMC to raise long term loans (12 yrs +) from
multilateral agencies IFC, ADB
16.
Sustainability of the model
The road network designed to cater to future growth patterns of the city
It is a priority based approach
Will spur substantial real estate development
Fund makes the revenues secure which helps raise finance from
lending agencies
17.
Strategies to make to BRT attractive
State of Art BRT system for fast and cost effective transit
Higher order infrastructure for attracting densification
24/ 7 water supply
100% sewerage provision
Dust Bin free zone
Road design
Service lanes for mobility of local traffic
Provision for pedestrians under pass, walk ways
Provision for non motorized vehicles cycle track
Facilities for vehicle parking
100% extra parking;
25% to be handed over to PCMC for public parking
Miscellaneous
Wi Fi connectivity
Hawker zones
18.
Key Take aways
The key factors for success of PCMC Model
The model requires real estate momentum to ensure that TDR loading
Mumbai Pune corridor has already been commissioned land rates have seen upward revision
Mumbai Pune and Aundh Rawet will create the necessary momentum for sustaining the cycle
for other roads
The stage is now set for scaling up
Financing