Embed Size (px)
Citation preview
HUANCAYO HUANCAVELICA RAILWAYPRELIMINARY FINANCIAL SCHEME*
*SUBJECT TO INTERNAL APPROVALS
GENERAL OVERVIEW
1 Design, Financing, Construction - Upgrade, Rehabilitation, Procurement Of Rolling Stock, Operation And Maintenance, including the transfer to the grantor at the end of concession term2 RPI: Composed by two concepts: 1) Compensation for Investment in Civil Works and Infrastructure (term: 15 years) and 2) Compensation for Rolling Stock Material (term: 10 – 15 years) 3 RPMO: Compensation for Operation and Maintenance
PROJETC
METHOD
PPP – STATE INITIATIVE
COFINANCED
CONCESSION
SELECTION
PROCESS
BIDDING
CONTEST1
COMPETITION
FACTOR
LOWEST ECONOMIC BID (RPI2 + RPMO3)
INVESTMENT
US$ 226 MM + VAT
TRANCHE 1: US$ 117
MM TRANCHE 2: US$
56 MM ROLLING
STOCK: US$ 46 MM
STUDIES: US$ 7MM
CONCESSION TERM
30 YEARS
AWARD
I QUARTER 2019
PROJECT DESCRIPTION
FINAL STUDIES
ELABORATION AND
ENVIRONMENTAL
CERTIFICATION
EXISTING RAILWAY
INFRASTRUCTURE
REHABILITATION &
IMPROVEMENT
STATIONS AND TRAIN
STOPS RESTORATION
& MODERNIZATION
OPERATION
AND
MAINTENANCE
PROCUREMENT OF
ROLLING STOCK
Bid Terms of the Comprehensive Project
Bid for the Concession of the
"Huancayo Huancavelica Railroad“; and
related Process Documents are published
in ProInversión Web site.
Filing of Envelope # 1, is currently open
(Shortlisting Credentials)
The Project has financial viability in the
framework of the Multiannual
Programming System and Management
of Investments, invest.pe
Concession Contract
Contract will be published soon for opinion
of the interested parties
CURRENT STATUS
RAILWAY COMPONENTS
Section
Platform ($35MM)
S&RS ($74MM)
∑KM
Slope, riparian defenses, drainage and
platform
Slope, riparian defenses, drainage and
platform
Superstructure and railway system Superstructure and railway system
Completed Works (CW)
Progressive works
(divisibleinto sub-sections)
S1
11 34 53 78
Acces
facility
Diiculty of Access by
narrowpath
Diiculty of Access by
narrowpath
Acces
facility
S2
102 128
Diiculty of Access by
narrowpath
Diiculty of Access by
narrowpath
Train
Cross Section
PTCourtyards workshop($13MM) 01 -- -- -- -- -- 01
E Stations ($3MM) 01 -- 01 02 01 02 07
Bridges ($12MM) 01 -- 01 01 04 08 15
Stops ($7MM) 02 04 02 03 04 04 19
Tunnels ($7MM) -- 03 06 02 12 15 38
$ MM
T1: 26
T2: 15
T1: 32
T2: 10
T1: 59
T2: 31
TR
AN
CH
E1
TR
AN
CH
E2
Years0
0
0
0
Years
Years
Years
3
5
5
RPI_Works T1: payment for 15 years
RPI_T2: payment for 15 years
RPI _RS T1: payment for 10 years
RPI _RST2: payment for 10 years
WORKS
TRANCHE13
WORKSTRANCHE2
ROLLINGSTOCK (RS)TRANCHE2
ROLING STOCK(RS)TRANCHE1
COMPENSATION FOR INVESTMENTS (RPI)
ENGINEERING
STUDIES
RPMO2: payment for 25 yearsRPMO1
RPMO1: Operation and Maintenance compensation during Tranche 1 partial operation (Tranche 2 under
Construction fase) RPMO2: Operation and Maintenance compensation for Tranche 1 and Tranche 2 in full
operation fase
CAOS RECOGNITION
Financial
Closing
PRELIMINARY FINANCING STRUCTURE*
PERIOD
Months
PROJECT STUDIES
Concession Contract Financial Closing
16– 18months
rmPlatfo
T1
Completed Works T1 Completed Works T2
Platform
T2
Divided in 3
continued blocks
1 block
only
1
Rolling
Stock
provision
order
Tranche 1
Rolling
Stock
Tranche 2
Rolling
Stock
2 9
3 4 5
6 7 8 10
1112
13 14
15
16
T1 CONSTRUCTION T2 CONSTRUCTION O&M
18months 18months 25years
7 months 11months 6 months 4 months 8 months
RPI
15
years
RPI RS
10
years
RPMO
25 years
T1 ConstructionPeriod
Guarantee
CAOs Milestones:
1. Studies approval: After financial closing approval.
2. RS provision order: After financial closing and studies approval (max 30% of RS
budget).
3. T1 Platform 1: Complete and continued platform asset according Concessionaire
division approved proposal.
4. T1 Platform 2: Complete and continued platform asset according Concessionaire
division approved proposal.
5. T1 Platform 3: Complete and continued platform asset according Concessionaire
division approved proposal.
6. T1 S&Rsy1: According to Concessionaire division approved proposal. This milestone
can add the budget expensed in “Completed Works T1” at milestone requirement.
7. T1 S&Rsy2: According to Concessionaire division approved proposal. This milestone can
add the budget expensed in “Completed Works T1” at milestone requirement.
8. T1 S&Rsy3: According to Concessionaire division approved proposal. This milestone
can add the budget expensed in “Completed Works T1” at milestone requirement.
9. T1 RS provision: When rolling stock for T1 is received for partial T1 operation testing.
10. T1 S&Rsy4: According to Concessionaire division approved proposal. This milestone
can add the budget expensed in “Completed Works T1” at milestone requirement.
The same milestone recognition reasonability applies for T2 assets (milestones 11, 12, 13,
14, 15 and 16).
Additionally, every time that Concessionaire requires milestones recognition for S&Rsy assets,
Concedent will require an increase on guarantees for the same recognizedamount.
S&
R
SyT
1
S&RSyT2
* Under revisión and pending approvals
Divided in 4 blocks
CONTACT INFORMATION
Hernán Castañeda C.
Railways Projects Director
Projects Portfolio Directorate
150 Enrique Canaval Moreyra Avenue. 10th Floor – San Isidro- Lima Peru
Telephone + (511) 200 - 1200 Extension 1222
E-mails: [email protected]; [email protected]
Web: www.proinversion.gob.pe
For futher information: www.proinversion.gob.pe/fhh
