delhi noida toll bridge
DESCRIPTION
DND flywayTRANSCRIPT
Delhi Noida Toll Bridge
Group 5Abhinav khanduja(208)
Aayush Sharma(209)Nalini Katiyar(215)
Mohit Rathi(220)Kriti Singh(236)
Keshav Gupta(261)
INTRODUCTION One of the 3 bridges across Yamuna river connecting Delhi
with Noida with the other two being the Nizzamudin Bridge and ITO bridge.
IL&FS, NOIDA and the Delhi Administration signed a memorandum of understanding on 7 April 1992 for the construction and operation of the Delhi Noida Toll Bridge.
The Noida Toll Bridge Company Limited (NTBCL) was incorporated on 8 April 1996.
The Concession Agreement (CA) for implementation of the project on a BOOT basis was executed by the three parties i.e. IL&FS, NTBCL & NOIDA in 1997.
Contd… To cater to the ever increasing population of Delhi, the National Capital
Region (NCR) was formed which included satellite townships of Noida, Gurgaon, Faridabad, Greater Noida, Ghaziabad.
Given the constraint on budgetary support, the Delhi Noida Toll Bridge was conceived for implementing on a Public Private Partnership (PPP) basis to provide a faster link and direct connectivity
It was the first large Greenfield BOT project in the road sector to be taken up for implementation and at a time when there was widespread cynicism for doing such projects, to price consumers for services
The project was more complex as it involved two States Governments (Delhi and Uttar Pradesh) and involved a Local Authority (NOIDA)
FEATURES 552.5 meter long…. Capacity – 222000 vehicle being
accommodated in 8 lanes.
The first intra urban bridge implemented in India on a PPP basis.
Established the concept of SPV for project recourse financing.
Project was completed within budget and time.
Only toll in the country listed on the stock exchange.
CAPITAL STRUCTUREThe total cost USD 100 mn.
Debt equity mix of the 70% and 30%
Equity includes a public issue of FCCBs.
The total funding requirement of the project of US dollar 91.8 mn (Rs 408.2 cr)was financed through equity financing of USD27.5 million(Rs 122.4 Cr) and debt financing of USD 64.3 mn(285.8 Cr).
The world bank also participated in the financing of the project through a line a credit granted to ILLFS .
WAS GOVERNMENT JUSTIFIED IN ENTERING SUCH A LIBERAL AGGREMENT?
The contract doesn’t put a cap on the project cost
The components of the cost were not defined
The agreement doesn’t provide a tight definition of what items are allowable as costs
Auditors can certify that specified expenditures are occurred but
They can’t opine upon whether these expenditures are reasonable
The total cost of the project which qualifies for an assured return of 20% per annum,includes short falls in the recovery
Of returns in previous financial years
There was no incentive to minimize cost
WHAT ARE THE LOOP HOLES OF THE CONCESSION AGGREMENT?
After India faced economic sanctions for conducting nuclear tests, it was nearly impossible for govt to raise funds for infrastructure projects.
The PPP contracts were zero at that point of time.
During 1990 Noida developed at a faster rate.
The traffic between Delhi and Noida was increasing at an alarming rate.
IS LPRV METHOD BETTER ALTERNATIVE?
Innovative Features The first infrastructure project to be implemented on a commercial format
within a PPP framework
First project to adopt a Citizen’s Committee to review construction
First bridge to be designed for a life of 70 years
first project to integrate and implement environmental & social framework of entitlements to project affected persons on a PPP basis
The unique financial engineering & financing products developed for facilitating financing of the project including the issuance of first long tenor “Deep Discount Bonds” with “Take Out Financing” for infrastructure
First project to demonstrate substantial leveraging of the budgetary resources
Needs of the Innovation : Nearly 30% of Delhi’s population resides across the river Yamuna.
Noida alone is inhabited by about 6,00,000 people, 50% of whom commute to Delhi daily for work.
At that time, the existing route crossing Yamuna via the ITO bridge and the Nizamuddin which faced severe traffic ongestion.
An additional bridge across the river Yamuna was needed for better access between Noida and South Delhi.
Additional traffic was estimated at 50,000 PCUs (equivalent Passenger Car Units) per day by 1997 which was likely to increase to 1,50,000 PCUs per day by 2017.
Making an additional link between Nizamuddin Bridge and Okhla Barrage was an urgent proposition
Objectives of the Innovation : Minimize all risks and allocate residual risks to stakeholders best
able to manage them on a transparent basis
Have a design that would meet the following objectives Be a beneficial and an affordable alternative to commuters
wherein willingness to pay would be explicitly established Serve the traffic needs of the project influence area over a
period of at least 30 years
Create appropriate frameworks as benchmark best practices in design, financing, contractual arrangements, construction, O&M etc., that would be replicable within the sector
Strategise a project development process as a best practice for development of BOT projects in the country
Develop an environmental and social management policy framework that could be adopted across sectors/projects
Put in place systems and procedures for expediting the process of clearances, approvals, documentation etc
Demonstrate private sector efficiencies in project management across the entire life cycle of the project
Demonstrate leveraging of budgetary resources to the maximum to attract private investments
Maximize the investment potential in the land side areas of the bridge
Benefits of the Project: Established better connectivity integrating Noida/Greater
Noida with Delhi
Savings in Fuel & Costs: The project resulted in savings in travel time, savings in fuel and other vehicular operating costs to users, as well as savings in fuel consumption
Environmental Benefits: Reduction in congestion levels in existing bridges/routes due to diversion of traffic to the Toll Bridge.
This facilitated reduction in air and noise pollution due to reduced congestion and smooth movement of traffic
SOCIAL BENEFITS OF NOIDA TOLLWhy government has sanctioned the project
-Time saving( up to 40 mins)
-distance saving(up to 6 kms)
-Safety and convenience
-Excellent riding quality
-Reduction in pollution and congestion
Major Innovative Technical Features Of The Noida Toll BridgeFirst 8 lane, 552.5 m long continuous bridge with
expansion joints only at the abutments
First bridge in India with external pre-stressing
First bridge on pile foundation across River Yamuna by using large diameter (1500 mm, 40m deep) cast-in-situ bored piles
First bridge in India to adopt 27K15 anchorage system (27.5 strands of 15.2 mm diameter) by using K-700 FPCC jacks for pre-stressing
First bridge in India (perhaps in the world) with the heaviest and widest single cell precast box segment, weighing 1200 tons and having the width of 16.275 m
First bridge with heavy duty finger type expansion joint to cater for a movement of 250mm
First bridge in India to deploy a specially designed multiaxle, 64-wheeled trailer for transportation of the 100 ton segments
First bridge in India to use HDPE pipes for encasing external tendons
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