ROAD DEVELOPMENT IN INDIA

Transcription

1 ROAD DEVELOPMENT IN INDIA This report is the most up-to-date and comprehensive review of the Indian road sector. The report provides: The latest status of projects, programmes and policies (as on December 31, 2009) An analysis of key trends and developments in the sector An identification of key issues and opportunities in the sector A sector outlook with future projections and predictions Updated profiles of key players and agencies Detailed analysis for each state

2 Road Development in India Report Table of Contents (Release date: February 12, 2010, II Volumes, No. of pages: 454) 1. EXECUTIVE SUMMARY OVERVIEW Current Scenario Industry Structure Policy and Regulatory Framework Financing Road Projects Other Key Developments Increasing Interest of Private Players Focus on Expressway Development Tolling to Take off in a Big Way Increasing Emphasis on Maintenance Sector Outlook Risks and Challenges 3. RECENT DEVELOPMENTS Impact of New Government: Goals and Initiatives Policy and Regulation New NHDP Targets and Milestones Emergence of New Players Financing Project Completion and Awards Cost Trends Construction Materials Equipment New State-level Initiatives 4. FUTURE OUTLOOK Expected Awards and Road Development Projections Investment Projections and Private Sector's Role Changes in Policy and Regulatory Framework Financing in the Future Emerging Players in the Sector Other Emerging Trends 5. POLICY AND REGULATION Institutional Setup Other Key Central Government Bodies Impacting the Sector Legal Acts Policy Framework Standard Bidding Procedure Model Concession Agreement for BOT (Toll) Projects Model Concession Agreement for O&M Projects Tolling Policy, 2008 State-level Tolling Policies FDI Norms and Other Incentives Other Policy Initiatives Issues and Concerns The Way Forward 6. ROAD PROJECT ECONOMICS Cost Components Materials and Equipment Revenue Share/Negative Grants Revenue Sources Recent Trends in Toll Revenues Rates of Return Conclusion 7. INVESTMENT AND FINANCING Investment Estimates for Sources of Finance Government Funding: Budgetary Support and CRF Debt: Market Borrowing and Multilaterial Aids Equity: IPOs, PE Investment, Project Equity and Listed Infrastructure Funds Other Sources: Subordinate debt, Take-out Financing and Viability Gap Funding

3 Road Development in India Report Table of Contents (Release date: February 12, 2010, II Volumes, No. of pages: 454) Key Financiers Recent Project Financings The Way Forward 8. PPP REVIEW AND POTENTIAL Union Government s Policy Incentives for the Private Sector State-level Policy Initiatives PPP Experience At the Central Level At the State Level Case Studies Surat-Dahisar Road Project Kundli-Manesar-Palwal Expressway Future Outlook-Private Investment Risks and Challenges The Way Forward 9. MAJOR CENTRAL SECTOR PROJECTS Development Programme Pradhan Mantri Gram Sadak Yojana Special Accelerated Road Development Programme North East 11. COMPANY PROFILES Ashoka Buildcon Limited DSC Limited Gayatri Projects Limited GMR Infrastructure Limited Hindustan Construction Company Limited IL&FS Transportation Networks Limited IRB Infrastructure Developers Limited Jaiprakash Associates Limited KMC Constructions Limited Larsen & Toubro Limited Nagarjuna Construction Company Limited Reliance Infrastructure Limited Soma Enterprise Limited Other Key Players (Each company profile covers its Background, Operations, Recent Initiatives, Future Plans and Financials) 12. APPENDIX PMGSY 10. STATE INITIATIVES Overview Andhra Pradesh Bihar Chhattisgarh Gujarat Haryana Himachal Pradesh Karnataka Kerala Madhya Pradesh Maharashtra Orissa Punjab Tamil Nadu Uttarakhand Uttar Pradesh (Each profile covers an Overview, details of National Highway Projects, Government-funded State Road Projects, PPP Projects, Rural Road Projects and the Way Forward)

4 Road Development in India Report List of Tables Growth in National Highways Details of NHDP Contracts under Implementation as per the Nationality of the Contractors (as on Decem 31, 2009) Plan for Expressway Development in India Work Plans: Targets and Awards Equipment Prices for the year 2009 Projects under Work Plan I Mega Projects of NHAI State Road Network Planned to be Developed in the Eleventh Plan Period (km) Key Projects Planned at the State Level Targets for PMGSY Investment under Work Plan I Phase-wise Private Sector Participation in NHDP Investment Required in State Roads during the Eleventh Plan Planning Commission Estimates for Private Investment in State Roads (Rs billion) Planned PPP Projects at the State Level Availability of Funds under the PMGSY during the Eleventh Plan Period (Rs billion) Key Central Government Bodies Impacting the Sector Tolling Rates Prescribed for National Highways under the Tolling Policy Base Rate of Fee (Rs per vehicle per trip) Basic Toll Rates for Highways in Punjab Basic Toll Rates on Bridges, RoBs and RuBs in Punjab Maintenance Levels for All Categories of Roads State-wise Number of Special Land Acquisition Units Planned to be Set Up Cost Components of a Road Project Components of Material Costs Trends in Prices of Some Key Materials Used in Road Projects Change in Construction Cost due to Change in Material Prices Budgetary Prices of Road Equipment in 2009 Equipment Prices for the Year 2009 NHAI Contracts with Negative Grants Key Projects Awarded on the Revenue-Sharing Mechanism under the NHDP Toll Revenues from BOT Projects of IRB (Rs million) Investment Required in National Highways during the Eleventh Plan Investment Required in State Roads during the Eleventh Plan Projected Investment in the Eleventh Five Year Plan (Rs billion) Budgetary Support to the Sector (Rs billion) Cess Funds (minus allocations to the Ministry of Railways) (Rs billion) Borrowings of NHAI (Rs billion) World Bank Aid to National Highway Projects World Bank Aid to State Road Improvement Projects ADB's Assistance for National Highway Projects ADB's Assistance for State Road Projects List of Recent IPOs in the Roads Sector Details of Key Infrastructure Funds Active in India List of Key PE Deals in Unlisted Companies Undertaking Road Projects Recent QIP Issues in the Roads Sector Infrastructure Mutual Fund Schemes Trends in Viability Gap Funding in the Roads Sector Comparison between the Toll and Annuity Formats Status of PPP Cells and Policy at the State-level (as of December 2009) Status of PPP in India in 2006, 2007, 2008 and 2009 (Rs billion) Summary of BOT (toll) projects under the NHDP Summary of BOT (annuity) projects under the NHDP Projects awarded in List of Projects Awarded in (as on January 31, 2010) NHAI Contracts with Negative Grants Delay in Award of PPP Projects Delay in Completion of PPP Projects List of PPP Projects across states Private Sector Investment under NHDP Private Investment Planned by Key States Project Scope of NHDP Cost of Phases under the NHDP ( ) (Rs billion) Sources of Financing for NHDP (Rs billion) Externally-assisted Projects under NHDP Toll Collections on NHDP Status of NHDP (as of December 31, 2009) (km) Contracts Awarded under NHDP in the last Five Years Expenditure Details on NHDP (Rs billion) Status of Golden Quadrilateral (as of December 2009) (km) Private Sector Participation in GQ Stretches under Phase V of the NHDP Development Strategy Suggested by the B.K. Chaturvedi Committee for Work Plan I (2010) Contracts Terminated by NHAI Project Cost Estimates of PMGSY Year-wise Expenditure Incurred on PMGSY (Rs billion) Allocation of Funds from CRF for PMGSY (Rs billion) Multilateral Aid for Projects under the PMGSY Availability of Funds under the PMGSY during the Eleventh Plan Period (Rs billion) Phase-wise Position of Clearances and Progress of PMGSY Year on Year Progress of PMGSY Targets and Achievements under the Bharat Nirman Component Year-wise Break-up of Targets and Achievements under the Bharat Nirman Component Eleventh Plan Targets for PMGSY Key Indicators for Inter-state Comparison Prospects for Investment under NHDP in Andhra Pradesh Progress of CRF Works in Andhra Pradesh Details of Hudco-assisted Works in Andhra Pradesh Stretches under the Andhra Pradesh Road Sector Project-II PPP Projects in the Pipeline in Andhra Pradesh PPP Projects Proposed under World Bank Assistance Phase-wise Status of PMGSY (as of September 2009) Prospects for Investment in NHDP in Bihar Allocations and Expenditure under CRF-assisted Projects in Bihar (Rs million) Details of Bihar State Highways Project-I Project Scope of Bihar State Highways Project-II Allocations and Expenditure under Nabard-assisted Projects in Bihar (Rs million) Progress under PMGSY in Bihar Prospects for Investment under NHDP in Chhattisgarh Progress of CRF Works in Chhattisgarh Details of Ongoing Road Works under CSRSDP Stretches under the Chhattisgarh Accelerated Road Development Programme Details of PPP Projects undertaken in Chhattisgarh Details of Nabard-assisted Projects in Chhattisgarh Phase-wise Status of the PMGSY in Chhattisgarh Details of ADB Loan to Chhattisgarh for PMGSY Works Progress under NHDP in Gujarat Prospects for Investment under NHDP in Gujarat National Highway Project Portfolio under Vision 2020 Progress of Works under CRF in Gujarat Details of Widening and Strengthening Works under the Gujarat State Highway Project Project Portfolio and Investment (project length in km, investment in Rs billion) PPP Projects in Gujarat PPP Projects in the Pipeline in Gujarat PPP Projects Planned till 2020 in Gujarat PPP Projects under Vision 2020 in Gujarat (project length in km, investment in Rs billion) Progress of Nabard-assisted Works in Gujarat Phase-wise Status of PMGSY in Gujarat Prospects for Investment under NHDP in Haryana Details of Road Improvement Works in Haryana Details of RoB Works in Haryana Progress of Road Works in Haryana Progress of CRF Works in Haryana Progress under Inter State Connectivity Scheme in Haryana Phase-wise Status of the PMGSY in Haryana Upgradation Component of Himachal Pradesh State Roads Project Recommended List of Priority Roads for Future

5 List of Tables Investments in Himachal Pradesh Progress of Nabard-assisted Works in Himachal Pradesh Phase-wise Progress under PMGSY in Himachal Pradesh Prospects for Investment under NHDP in Karnataka Projects under KRDCL Completed Projects under the BDA Progress of Nabard-assisted Works in Karnataka Phase-wise Status of the PMGSY Prospects for Investment under NHDP in Kerala Fund Requirement and Phasing for the Plan Road Projects of the Roads and Bridges Development Corporation Phasing and Cost of Improving Existing Roads Phasing and Cost of Providing Bypass Roads Phasing and Cost of Road Maintenance Work Phasing and Cost of the North South Corridor and Coastal Road Projects in Kerala Phase-wise Status of PMGSY in Kerala Progress under the NHDP in Madhya Pradesh Prospects for Investment under the NHDP in Madhya Pradesh List of Identified Stretches under Phase IV of the NHDP in Madhya Pradesh Progress of CRF Works in Madhya Pradesh Particulars of the Madhya Pradesh Road Sector Program - I Progress under Madhya Pradesh Road Sector Program - II List of Identified Stretches under the Madhya Pradesh Road Sector Programme - III Cash Contract Projects in Madhya Pradesh Progress Update of BOND-BOT Projects under Implementation Upcoming BOT projects in Madhya Pradesh Current Toll Rates in Madhya Pradesh Tolls Collected by MPRDC in 2007, 2008 and 2009 (Rs million) Phase-wise Status of the PMGSY in Madhya Pradesh ADB-funded PMGSY Projects in Madhya Pradesh Prospects for Investment under the NHDP in Maharashtra (as of December 2009) Project Cost and Expenditure Incurred by MSRDC Progress under CRF in Maharashtra Details of Hudco-assisted Projects in Maharashtra Completed PPP projects in Maharashtra PPP Projects under implementation in Maharashtra PPP Projects Bidding/Pipeline Stage in Maharashtra Details of Nabard-assisted Projects in Maharashtra Phase-wise Status of PMGSY in Maharashtra Prospects for Investment under NHDP in Orissa Details of Work under the CRF scheme Details of Projects under ORSP Projects under the Revised Long Term Action Plan for KBK Districts in Orissa PPP Projects in Orissa Details of Work under the Nabard-assisted project Phase-wise Status of the PMGSY in Orissa Status of ADB-funded Works under PMGSY Prospects for Investment under NHDP in Punjab Progress of CRF Works in Punjab Details of Rehabilitation Works under Phase I of the Punjab State Road Sector Program Details of Upgradation Works under Phase I of the Punjab State Road Sector Program PPP Projects Completed by PIDB Projects Planned to be Undertaken on a PPP Basis in Punjab by PIDB RIDF Road Works in Punjab Phase-wise Status of PMGSY in Punjab Prospects for Investment under NHDP in Rajasthan List of National Highway Projects to be Developed on a PPP basis Progress under CRF in Rajasthan Progress of Missing Link Project-II New Works Year-wise Collection of Cess under SRF in Rajasthan (Rs million) Year-wise Expenditure under SRF in Rajasthan (Rs million) Progress of Works under SRF in Rajasthan Targets for Works under SRF in in Rajasthan Status of BOT Projects in Rajasthan Identified Stretches to be Developed on a PPP basis Update on the Rajasthan Mega Highways Project Details of the Second Mega Highways Project in Rajasthan Progress of RIDF X Works in Rajasthan Progress of RIDF XI Works in Rajasthan Progress of RIDF XII Works in Rajasthan Progress of RIDF XIII Works in Rajasthan Progress of RIDF XIV Works in Rajasthan Progress of RIDF XV Works in Rajasthan Targets and Achievement of Works under Nabard in Rajasthan in Phase-wise Status of PMGSY in Rajasthan Details of the World Bank Loan to Rajasthan for PMGSY Works Prospects for Investment under the NHDP in Tamil Nadu Details of the Circular High Speed Transportation Corridor in Chennai Phase-wise Status of PMGSY (as of September, 2009) Progress under CRF in Uttarakhand Financing Plan of the Uttarakhand State Road Investment Program Nabard-assisted Works in Uttarakhand Phase-wise Status of PMGSY in Uttarakhand Prospects for Investment under NHDP in Uttar Pradesh Physical Targets for Road Development during the Eleventh Plan Period in Uttar Pradesh Progress under CRF in Uttar Pradesh List of Ongoing Works under Phases I and II of the Project List of Completed Maintenance Works under Phase II of the Project Details of PPP Projects in Uttar Pradesh Details of Ganga Expressway Project in Uttar Pradesh Phase-wise Status of PMGSY in Uttar Pradesh Details of the World Bank Loan to Uttar Pradesh for PMGSY Works Completed BOT Projects of Ashoka Buildcon Limited Under Implementation BOT Projects of Ashoka Buildcon Limited Completed EPC Projects of Ashoka Buildcon Limited Financial Performance of Ashoka Buildcon Limited (Rs million) Project Portfolio of DSCL Projects under Implementation of GPL Financial Performance of GPL (Rs million) Status of Road Sector Projects of GMR Infrastructure Limited (as on December 31, 2009) Financial Performance of GMR Infrastructure Limited (Rs billion) Road Sector Contribution to GMR's Financials (%) Project Portfolio of HCC Financial Performance of HCC (Rs billion) Project Portfolio of ITNL Financials of ITNL (Rs million) Project Portfolio of IRB Infrastructure Developers Limited State-wise Operations of IRB Infrastructure Developers Limited Upcoming Opportunities for IRB Infrastructure Developers Limited Financial Performance of IRB Infrastructure Developers (Rs million) Project Portfolio of JAL Financial Performance of JAL (Rs billion) Projects under Implementation of KMC Constructions Limited Key Completed Projects of L&T Key Projects under Implementation by L&T Financials of L&T (Rs billion) Project Portfolio of NCCL Financial Performance of NCCL (Rs billion) Revenue from the Road Sector for NCCL (Rs billion) Project Portfolio of Reliance Infrastructure Limited Financial Performance of Reliance Infrastructure Limited (Rs billion) Project Portfolio of Soma Enterprise Limited Financial Performance of Soma Enterprise Limited (Rs billion) Order Form on the back of this page

6 Order Form Road Development in India Report Order Form I would like to purchase the "Road Development in India " report for Rs 40,000. I am enclosing a cheque/demand draft for Rs., vide cheque/demand draft no. drawn on dated in favour of "India Infrastructure Publishing Pvt. Ltd.". Signature Name (Block Letters) Designation Company Mailing Address Telephone Mobile Fax Wire transfer details: Beneficiary India Infrastructure Publishing Pvt. Ltd. Bank Name ABN AMRO BANK N.V. Address M-6, Hauz Khas New Delhi , India Account No Swift Code: ABNAINBBDEL IFSC Code: ABNA Contact details: Sonia Jain Marketing Associate, Information Products India Infrastructure Publishing Pvt. Ltd. B-17, Qutab Institutional Area. New Delhi India Tel: , , Mobile: Fax: sonia.jain@indiainfrastructure.com