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URBAN RAIL in INDIA 2018 Segment Trends, Outlook and Opportunities

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URBAN RAIL in INDIA 2018 Segment Trends, Outlook and Opportunities URBAN RAIL IN INDIA 2018 Segment Trends, Outlook and Opportunities India has emerged as one of the world’s biggest markets for the development of urban rail systems (metrorail, light rail and monorail). Increasing population and rapid urbanisation coupled with problems of traffic congestion and air pollution have been the driving factors for the development of rail systems in Indian cities. The urban rail network in India has increased significantly in the last decade; up from 90 km in 2006 to about 444 km currently operational in 10 cities. Going forward, over 100 projects that will add nearly 2,000 km of network length are planned at an investment of INR6,400 billion. However, this project pipeline faces risks related to financing, land acquisition, securing of regulatory clearances and geological surprises. To resolve some of these issues, the Government of India approved the new Metro Rail Policy 2017, which aims to facilitate innovative financing, revive private investment by making public-private partnership (PPP) contracts mandatory, promote transit-oriented development (TOD) and last-mile connectivity, and improve project appraisal procedures. Cities across India are experimenting with advanced technologies to make urban rail systems more efficient, reliable and passenger-friendly. Indian metro systems are steadily moving from semi-automatic to unattended train operations/driverless train operations. Most upcoming systems also have plans to deploy the highest grades of signalling such as communications-based train control (CBTC) systems. Several systems are also exploring deployment of advanced fare payment systems such as open loop ticketing and bank cards. Global Mass Transit Research has released the Urban Rail in India 2018 report - the most comprehensive and up-to-date study on the Indian urban rail market. It provides a sector overview, an analysis of policies, investment and financing experience for rail projects, recent developments, prospects for PPP, project pipeline, investment outlook, market opportunities and new technologies. It also provides segment-wise analysis and opportunities for rolling stock, signalling, train control, communications, fare collection systems, construction market (elevated structures and tunnels), stations, and traction and E&M. The report is available in PDF format and MS Excel Database. For further information, please contact: Global Mass Transit Research Mobile: +1 905 228 6419, Email: [email protected] Website: www.globalmasstransit.net Table of Contents SECTION I: MARKET TRENDS AND OUTLOOK Projects Completed and Under SECTION II: SEGMENT ANALYSIS, OUTLOOK Implementation AND OPPORTUNITIES 8. Rolling Stock 1. Executive Summary Case Studies of PPP Projects Market Size and Growth Learning Points Nature of Fleet and Specifications 2. Sector Overview Key Success Factors Recent Orders (past 15-18 months) Network Size and Growth Impact of Metro Rail Policy 2017 on PPP Upcoming Bids and Tenders Trends in Ridership Planned Projects and Investments Market Share of Key Players Key Sector Trends Risks and Challenges Focus on Indigenous Production Impact of 'Make in India' and Focus on Outlook and Projections (till 2023-24) Indigenisation Budgetary Outlay for 2018-19 6. Project Pipeline 9. Signalling, Train Control and Recent Developments By Status Telecommunications – Key Government Initiatives – Ongoing Market Size and Growth – Project Completions – Awarded Technologies and Systems in Use – Recent Contract Awards – Under bidding System Upgrades and Innovations – Projects Approved/Launched/Proposed – Planned Market Share of Key Players – New Concepts and Technologies Recent Contracts By Mode of Implementation Investment Requirements Upcoming Bids and Tenders – EPC Issues and Challenges Recent Developments – PPP Future Outlook Outlook and Projections By Type of System 3. Metro Rail Policy 2017 – At grade 10. Fare Collection Systems Salient Features – Elevated Market Size and Growth Potential Benefits – Underground Specifications of Systems in Use Impact on PPPs System Upgrades and Innovations Global Scenario Scope for Private Participation in O&M 7. Investment Outlook and Opportunities Industry Feedback Market Share of Key Players Growth Drivers Recent Contracts Expected Network Expansion by 2020 and Upcoming Bids and Tenders 4. Investment and Financing Experience Beyond 2020 Plans of Key Metro Systems Investment Experience So Far Investment Projections Key Trends Funding Sources and Financing Models Upcoming Opportunities Recent Developments Recent Financing Trends – Contractors/developers Outlook and Projections Project Economics – Tunnel Construction Cost Components – Traction and E&M 11. Construction: Metro Tunnels Historical and Expected Rates of Returns Size and Growth Key Sources of Revenue – Rolling Stock Analysis of TBM Market New Revenue Streams – Signalling, Train Control and Market Share of Key Players Telecommunication Risks and Challenges Recent Contracts (past 15-18 months) – Fare Collection Upcoming Bids and Tenders 5. Prospects for PPP Market Opportunities Recent Developments PPP Experience So Far – Issues and Challenges Best Practices in Tunnel Design Key Milestones – Sector Outlook Outlook and Opportunities www.globalmasstransit.net Table of Contents 12. Construction: Elevated MRTS Delhi Metro Rail Project Phase III – Rapid Metro Rail Project Gurgaon Phase III Size and Growth Rapid Metro Rail Project Gurgaon Phase I – Jaipur Metro Rail Project Phase II and II Per-km Construction Cost – Kanpur Metro Rail Project Phase I Hyderabad Metro Rail Project Phase I Prevalent Methods and Techniques – Kochi Metro Rail Project Phase IB Jaipur Metro Rail Project Phase I Market Share of Key Contractors – Meerut Metro Rail Project Phase I Kochi Metro Rail Project Phase I Recent Contracts – Mumbai Metro Phase II Line 5 Kolkata North-South Metro Rail Project Upcoming Tenders – Mumbai Metro Rail Project Line 6 Kolkata Metro Rail Project (East-West and Key Trends – Mumbai Metro Phase III Line 10 Expansion projects) Outlook and Projections – Noida Sector 142 - Kalindi Kunj Metro Lucknow Metro Rail Project Rail Project Mumbai Metro Rail Project Phase I - Line 1 – Noida Sector 71-Knowledge Park V 13. Stations Mumbai Metro Rail Project Phase I - Line 2A Metro Rail Project Size and Growth Mumbai Metro Rail Project Line 2B – Patna Metro Rail Project Phase I Innovations in Material and Design Mumbai Metro Rail Project Phase I - Line 3 – Patna Metro Rail Project Phase I Key Components of Station Design Mumbai Metro Rail Project Phase II - Line 4 – Srinagar Metro Rail Project Key Players Mumbai Metro Rail Project Phase III - Line 7 – Surat Metro Rail Project Recent Contracts Mumbai Monorail Project Line 1 – Varanasi Metro Rail Project Global Best Practices Nagpur Metro Rail Project – Vijayawada Metro Rail Project Phase I Upcoming Tenders Navi Mumbai Metro Rail Project Phase 1 – Visakhapatnam Metro Rail Project Phase I Outlook and Projections Noida-Greater Noida Metro Rail Project Light Rail Transit Projects Pune Metro Rail Project Phase I – Bangalore LRT Project 14. Traction and E&M – Bhopal LRT Project Traction Systems 16. Announced, Approved and Under – Indore LRT Project Market Size Bidding Projects – Kozhikode LRT Project Specifications of Traction and E&M Metro Rail Projects – Ranchi LRT Project Systems – Agra Metro Rail Project – Thiruvananthapuram LRT Project Energy Consumption and Expenditure – Bengaluru Metro Rail Project Phase 2A – Vijayawada LRT project Energy Conservation Initiatives (KR Puram-Silk Board corridor) Monorail Projects Key Players – Bengaluru Airport Metro Line Phase 2B – Chennai Monorail Project (First Corridor) Recent Contracts – Bengaluru Metro Rail Project Phase III – Delhi Monorail Project Upcoming Tenders – Bhubaneswar-Cuttack Metro Rail Project – Kolkata Monorail Project Outlook and Projections – Chennai Metro Rail Project Phase II – Warangal Monorail Project – Dehradun-Haridwar-Rishikesh Metro Rail [Each profile covers the project scope (network length, SECTION III: PROJECT PROFILES Project number of stations, rolling stock, fare system, signalling – Delhi Metro Rail Project Phase IV 15. Operational/Under Construction Projects and telecommunication, traction, etc.), implementing Ahmedabad-Gandhinagar Metro Rail Project – Greater Noida - Jewar Metro Rail Project agency, project cost, key consultants, key contractors, key milestones, sources of funding, recent contracts, Phase I – Greater Noida-IGI Airport Metro Rail upcoming tenders, current status, etc.] Bengaluru Metro Rail Project Phase I and Project Phase II – Gurgaon-Manesar-Bawal Metro Rail Chennai Metro Rail Project Phase I Project Chennai Metro Rail Project Phase I – Guwahati Metro Rail Project Phase I Extension – Hinjewadi-Shivajinagar Metro Rail Delhi Metro Rail Project Phase I and II Project Sources and Methodology Global Mass Transit Research’s industry analysts have utilised primary and secondary research sources in preparing this report. Primary sources include information obtained through telephone interviews and emails from public transport authorities, operators and regulators. Secondary sources include, but are not limited to, project websites and status reports; websites, annual reports, capital programmes and financial reports of transport authorities and operators; documentation provided by relevant financing institutions; investor presentations;
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