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Risks and Risk Management for the Versova- Mankhurd metro line
by: Shivendra Singh MBA(Tech)I.T 172
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 - 13.37 Km
Total - 62.68 Km
Phase II (2011 – 2016)
Charkop - Dahisar - 7.5 Km
Ghatkopar – Mulund - 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
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
Risks in Metro Projects
Regulatory PoliticalCommercial
Operational & Maintenance
Financial Risk
RISKSForce Majeure
Risk
Market Risk
Cost OverrunRisk
Land AcquisitionRisk
Technology Risk
Risk
Construction
J� �
Mumbai Metro• Total Project cost
– Rs 2356 crores
• First phase– 2006-11
• Commencement of Operations– 2009-10
• Mass transit corridor from Andheri toGhatkopar
• 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��23
Mumbai Metro
Risk Allocation
J� �24
Risks borne by Private party
� Design & Construction
� Operation & Maintenance
� Subcontractor
� Financing
� Revenue
� Financial
� Technology
� Project completion
� Environmental
Risks borne by MMRDA
� Land acquisition
� Force Majeure
� Environmental
� Political & social
Mumbai Metro
with MMRDA
crores with a 70:30 debt-equity
�
Independent parties assigned
�
Technical consultants appointed
J� �25
Risk mitigation by Private party
� 35 years Concession agreement
� Contractual & legal shield
� Capital contribution of Rs 650
ratio
the review and monitoring job
for planning & reviewing theengineering & construction phase
� Insurance coverage for
certainForce Majeure
Risk mitigation by MMRDA
� Detailed feasibility study carried
out by TEWET in association
with DE-Consult & TCS, during2000-2004
� Plan updated by MMRDA in2005
� Clearances obtainedbeforehand
� Deep political backing by GoM
DURI NG CONS TRUC TIO NAs 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 the-Site 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 s-To 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.