Transcript Project Overview

IRCON INTERNATIONAL LIMITED
CHHATTISGARH RAIL CORRIDORS
PRESENTATION TO
SEMINAR DELEGATES
ON 09.12.2014
BY
IRCON INTERNATIONAL LIMITED
PRESENTATION STRUCTURE
• About IRCON
• Introduction of Chhattisgarh Coal
Corridors
• Historical Background
• Details of the Corridors
• Present Status
• East Corridor
• East-West Corridor
• Planning of Execution
ABOUT IRCON
Incorporated
1976
Mini Ratna
1998
Schedule ‘A’ status
2006
Cumulative Dividend Paid
INR 676 Crore
Net Worth
INR 2993 Crore
(as on 31.03.2014)
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ABOUT IRCON
• The largest construction PSU in the country having
International presence in developing countries
• Earning profits since inception
• Among the only 4 Indian companies which could make it to
the list of top 250 International Contractors 2014 by ENR
and Ranked 173.
• Highest credit rating of AAA by CARE
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Areas of Operation
• Railways – Infra, Track, Electrification and Signalling &
Telecommunication
• Highways / Roads
• Electrical Sub-stations, Transmission & Distribution
• Buildings – Commercial, Township
• Metro Railways, High Speed railway
• Special Structures – ROBs, Cable Stayed Bridge
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Countries of Operation
 Projects Completed Iraq, Iran, Turkey, Indonesia, Malaysia, Algeria,
Bangladesh, Nepal, Afghanistan, Ethiopia,
Srilanka etc.
 Projects under Execution Malaysia, Sri Lanka, Algeria, Bangladesh
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Turnover
(INR Crore)
4500
4481 4306
4000
3500
3782
3000
3217
2739
2500
2000
2093
1500
1543
1000
500
3254
1014
1113
0
04-05 05-06 05-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14
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Major Completed Railway Projects
Malaysia
Design, Construction, Testing and
Commissioning and Maintenance of the
Double
Track
project
between
Seremban and Gemas
Value USD 1.04 Billion.
.
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Major Completed Railway Projects
Malaysia
• Rehabilitation of 327 km track (mtr.
Gauge) from Paloh to Singapore & from
Slim river to Seremban main line
• Double tracking of Rawang - Seremban
railway line ( 126 km )
• Double tracking of KL Port Klang railway
line– 105 km
• Design and Construction of Pelabuhan
Tanjung Pelepas (31.5 km) Rail Link
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Major Completed Railway Projects
India
Kashmir Valley New BG rail link QazigundBaramulla railway project- Value USD 456
Million.
Gauge Conversion from Rewari to Ajmer in
Rajasthan.
.
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CHHATTISGARH COAL CORRIDORS
FROM
IDEA TO IMPLEMENTATION
Historical Background
• Committee headed by Sri A. K. Misra, Chief Secy.
(Retd.), Chhattisgarh identified three rail corridors
critical for movement of coal.
• MoR and GoCG entered into a MOU in Feb’2012 to
take up these projects on PPP basis.
• MoR nominated IRCON to participate in the JV as
per the Policy on Private Participation in JV Model
for two of the three corridors considered bankable.
Introduction
 The two identified Corridors being: BhupdeopurGharghoda-Karichhapar-Dharamjaigarh-Korba
with a spur from Gharghoda to Donga Mauha
And
 Gevra Road to Pendra via Katghora, Passan and
Sendurgarh
 It was decided that IRCON being the domain
expert will be the implementing agency.
System Map
EAST_WEST
CORRIDOR
EAST CORRIDOR
Traffic Potential in Raigarh Mand Region
Traffic Projection
Traffic in Million Tonnes
No. of Rakes Per Day
Year
SECL
Private
SECL
Private
Total
2019 – 20
15
2
12
2
14
2020 – 21
18
3
15
3
18
2021 – 22
20
4
16
4
20
2022 – 23
24
6
20
5
25
2023 – 24
26
8
21
6
27
2024 – 25
30
10
24
8
32
2026 – 27
33
12
28
9
37
2031 – 32
45
14
36
11
47
2036 – 37
60
16
48
12
60
Present Status
 MoR had included the two corridors in the Pink
Book 2013-14 as sanctioned projects.
 This enabled MoR to declare these projects as
Special Railway Projects for the purpose of land
acquisition under the Railway Act.
 Railway Act is exempt from the purview of the new
Land Acquisition Act.
 Ircon and its consultants have identified the land
and its classification for the purpose of starting
acquisition proceedings.
Present Status
• DPR work for Kharsia-Dharamjaigarh has been
completed. The detailed survey revealed why
connectivity at Bhupdeopur was not possible and
Kharsia was feasible and advantageous.
• In a length of 74km, there are 6 stations, namely:
Gurda, Chhal, Gharghoda, Karichhapar, Kudumkela
and Dharamjaigarh.
All stations will have passenger amenities as per scale.
• Only single line planned beyond Karichhapar for
30km. Single line can evacuate about 25mt traffic
while double line can evacuate up to 100mt.
Two Basic Prerequisites


220
Requirement of land—1100 Acre
Requirement of funds at today’s cost Rs. 1646 Cr.
LAND
FUNDs
Pvt land
496
650
Govt land
180
1150
Debt
Equity
Applicable Acts, Resettlement &
Rehabilitation
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Land Acquisition Act 1894 is not valid any more.
Right to Fair Compensation, Resettlement and
Rehabilitation Act 2013 is in force since 1 Jan’ 2014.
This Act exempts the Railway Act and some other Acts
from its purview.
Hence, MoR agreed to apply the Railway Act for land
acquisition on these two projects.
The process started in March 2014.
The Railway Act says National Resettlement and
Rebilitation Policy 2007 is applicable.
Status of Land Acquisition

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Identified Private Land has been notified once.
Objections received at the end of statutory 30 days
period have been disposed of.
Joint field measurement for identifying the actual
land losers completed.
Differences noticed in the field due to
discrepancies of land records are being notified
again.
The process to be completed by Dec’2014.
Resettlement and Rehabilitation
 The present policies differentiate between an Affected
Person and a Displaced Person.
 Care has been taken to see that there are no more than 10
displaced families in the entire project length.
 About 1250 families in 49 village are losing part of their
land holding.
 All land losers will get annuity in proportion to the land
lost other than the compensation for land.
 Amount of compensation is being worked out on the
basis of the new Act, i.e. between 3 to 4 times the market
value.
Lessons of Land Acquisition Process


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
Make State Govts. partner in land related projects.
Land records are complicated and can not be interpreted
scientifically. They are best left to field level officials of
the State Govt. to interpret.
Computerization of land records is a half truth or a myth.
Forest Management Maps are also highly unscientific.
Any co-relation with field is plain luck.
Concession



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As per the provisions of proposed Concession Agreement,
the JVC gets to share 50% of the apportioned traffic
receipts for making the infrastructure available including
maintenance cost.
JVC has to manage maintenance of infrastructure.
Railways take care of rolling stock, station operations and
energy costs. All maintenance facilities of rolling stock
are outside the project area.
Railways may consider special tariff in case of viability
gap.
Bankability and Financial Closure
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As per the provisions of proposed Concession Agreement,
the JVC gets to share 50% of the apportioned traffic
receipts for making the infrastructure available including
maintenance cost.
Based on the traffic projection ( Initial traffic and
growth), the project is considered bankable.
There will be negative cash flow for the first 15 years ( up
to the level of 40MT per annum).
There may be cause for concern in case traffic projections
are not met.
Construction Schedule---East Corridor
ACTIVITY
DEATILED SURVEY
FINANCIAL CLOSURE
LAND ACQUISITION
FOREST CLEARANCE
AWARD OF EXECUTION
WORK
EARTHWORK
BRIDGES
TRACKWORK
STATION YARDS AND
BUILDINGS
ELECTRIFICATION,
SIGNALING, TESTING
AND COMMISSIONING
Mar'14Sept’14
Oct'14Mar’15
Apr'15Sept’15
Oct’15Mar'16
Apr’16Sept'16
Oct16Mar'17
Apr17Sept'17
East-West Corridor
Pendra Rd
Gevra Rd
Salient Features

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Connects mines of Korba Distt to Bilaspur Katni
Section at Pendra Road. (total length: 145km)
Thus relieving Raigarh-Bilaspur section of line capacity
constraints and reducing the path to North Indian states
by nearly 200kms.
At present Korba-Champa carries more than 50MT coal
traffic. All additional coal production from Kusmunda,
Gevra and Dipka mines is likely to be diverted to the
new corridor.
Estimated to cost Rs. 2700 Cr.
Execution Schedule---East West Corridor
ACTIVITY
DEATILED SURVEY
FINANCIAL CLOSURE
LAND ACQUISITION
FOREST CLEARANCE
AWARD OF EXECUTION
WORK
EARTHWORK
BRIDGES
TRACKWORK
STATION YARDS AND
BUILDINGS
ELECTRIFICATION,
SIGNALING, TESTING
AND COMMISSIONING
Oct’14Mar'15
Apr’15Sep'15
Oct’15Mar'16
Apr’16Sept'16
Oct’16Mar'17
Apr’17Sep'17
Oct’17Sept'18
Thank you for your kind attention
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