13. Cost Estimates and Financials
Total Page:16
File Type:pdf, Size:1020Kb
Detailed Project Report for Rail Based Mass Transit System in Varanasi Final Report CHAPTER 13: COST ESTIMATES AND FINANCIALS 1133.. CCOOSSTT EESSTTIIMMAATTEESS AANNDD FFIINNAANNCCIIAALLSS 13.1 CAPITAL COSTS 13.1.1 Coverage Cost estimate for Varanasi Metro corridors (Corridor‐I from BHEL to BHU and Corridor‐II from Benia Bagh) has been prepared covering civil, electrical, signaling and telecommunications works, rolling stock, environmental protection, rehabilitation, etc. at Jan’ 2016 price level. While preparing the capital cost estimates, various items have generally been grouped under three major heads on the basis of (i) Route km length of alignment, (ii) Number of units of that item and (iii) Item being an independent entity. All items related with alignment, construction, permanent way, Third Rail, Signaling & Telecommunication, whether in main lines or in maintenance depot, have been estimated at rate per Route km/km basis. Cost of station structures, other electrical services at these stations and Automatic Fare Collection (AFC) installations at all stations have been assessed in terms of each station as a unit. Similarly, for items like Rolling stock costs have been estimated in terms of number of units required for each item. In remaining items, viz. land, utility diversions, rehabilitation, etc. the costs have been assessed on the basis of each item, taken as an independent entity. In order to arrive at realistic cost of various items, costs have been assessed on the basis of recently awarded rates of Lucknow Metro, DPRs of DMRC Ph‐IV, Lucknow and other various Metros and suitable escalation factor has been applied to bring these costs to Jan’ 2016 price level. Basic cost is exclusive of various taxes and duties viz. custom duty, excise duty, Sale tax, VAT etc. and details of taxes and duties are worked out separately. Current rates of various taxes and duties have been taken into consideration and taxes / duties have been applied as per prevalent practice of DMRC. 13.1.2 Land Requirement a) Finalization of alignment, location of stations, entry / exits etc. has been done with the objective of keeping land requirement to the bare minimum. For this purpose, alignment, stations, depots, parking and Property Development (PD) have been planned in the State Government land unless and until it becomes unavoidable to plan these facilities in Central Government land or private land. Common Depot for both Corridor‐I & Corridor‐II has February, 2016 Page 13‐1 Detailed Project Report for Rail Based Mass Transit System in Varanasi Final Report CHAPTER 13: COST ESTIMATES AND FINANCIALS been planned in the Non‐agricultural land of Ganeshpur area (Private land). As Varanasi city is very congested, most part of both the corridors is planned underground and stations are proposed in open land. The summary of land requirement for Corridor ‐ I & II is as under :‐ TABLE 13.1: LAND & STRUCTURES REQUIREMENT (IN HECTARES) FOR CORRIDOR‐I Permanent Temporary Structures Ownership Purpose Land Land (Floor area) Central Govt Alignment, Station etc 0.07 0.40 0.05 (Northern Railway) State Govt Alignment, Station etc 1 2.6 0.2633 Alignment, Station etc 1.05 2.5 0.52 13.2 0.5 Depot (Ganeshpur) 0 Private Casting Yard 0 6 0 RSS 0.3 0 0 Total 14.55 8.5 1.02 TABLE 13.2: LAND & STRUCTURES REQUIREMENT (IN HECTARES) FOR CORRIDOR‐II Permanent Temporary Structures Ownership Purpose Land Land (Floor area) Central Govt Alignment, Station etc 0.14 0 0.0242 Alignment, Station etc 0.8 2.1 0.105 State Govt RSS 0.3 0 0 Total 1.1 2.1 0.105 Alignment, Station etc 0.13 0 0.18 Private Casting yard 0 4 0 Total 0.13 4 0.18 b) The land area for piers of elevated alignment, elevated stations falling over the existing road and entry/exit falling on road / State Government land has not been accounted for in the land requirement and costing as present land use is not getting affected by these facilities. Land requirement for other metro utilities like ramp, off the road elevated stations, depot, RSS, ancillary buildings etc. have been accounted as far as per details in subsequent paras. February, 2016 Page 13‐2 Detailed Project Report for Rail Based Mass Transit System in Varanasi Final Report CHAPTER 13: COST ESTIMATES AND FINANCIALS c) Rate of Central Govt. land (Northern Railway at Varanasi Cantt for Corridor‐1 and Post office at Sarnath for Corridor‐2), required on permanent basis has been taken as Per Circle rates ‐ 01st Aug'15, published by Collectorate, Varanasi. No solatium has been applied to the basic land cost. Cost of Passenger Reservation System (PRS) at Varanasi Cantt. including cost of structure, electrical and S&T items, terminals etc has been taken as Rs. 3.0 crores as per discussion with CRIS. d) Rate of Central Govt. land (Northern Railway at Varanasi Cantt), required on temporary basis for 3 years construction period, has been taken @ 6% Per annum of Circle rates ‐ 01st Aug'15, published by Collectorate, Varanasi. No solatium has been applied to the basic land cost. e) Rate of State Govt. Land required on permanent basis has been taken from DPR for Lucknow Metro with updation. No solatium has been applied to the basic land cost. In case, State Govt. is in a position to provide its land free of cost or at reduced rates, it will further improve the financial statistics of the project. f) Cost of structures for rehabilitation of squatters at Tulsi Manas Mandir has been taken as Rs. 25 crore per Hectare. Rehabilitation of squatters is required as per norms of International Funding Agencies. g) Rate of Private land & non commercial structures has been taken from Circle rates ‐ 01st Aug'15, published by Collectorate. Above this, 100% solatium has been applied as per LARRA. No administrative cost is added towards land acquisition activities, as it is understood that this activity shall be carried out by State Govt. from its own resources. h) On lines with DPR for Kanpur MRTS, efforts have been made to provide parking for maximum possible stations. To make the project financially viable, property development has been proposed on suitable land pieces on preliminary stage. Moreover, in line with DPR for Lucknow Metro, cost of land towards parking cum PD is not loaded to the cost estimates and this cost will be borne by State Govt. separately. Details of land required for parking cum PD is mentioned separately in relevant chapter. i) As advised by LMRC, depreciated rates for State Govt. structures have been taken after applying maximum allowable depreciation of 60%. j) Rate of private commercial structures including land is calculated as 300 x specified monthly rent, published by Collectorate Varanasi, August' 15. 100% Solatium has been applied to basic cost of structures. k) Annual cost of private land required on temporary basis (for construction of U/G stations at University, RBS college etc.) is calculated as 6% of corresponding circle rate of that locality. Construction period is taken as 3 years. No solatium has been applied to basic land cost. February, 2016 Page 13‐3 Detailed Project Report for Rail Based Mass Transit System in Varanasi Final Report CHAPTER 13: COST ESTIMATES AND FINANCIALS l) The total cost of Land works out to be Rs. 438.47 Crores for Corridor‐I and Rs. 36.99 Crores for Corridor‐II. 13.1.3 Items other than Land: Cost of items other than land is based upon LAR / DPR rates as under:‐ TABLE 13.3: BASIS OF RATES Item Item Basis of Rates No. 2.0 Alignment and Formation 2.1 Underground section by Avg. of Esc. Rates of DMRC Ph‐4 DPR May'14 & LMRC DPR T.B.M excluding station May'13 (Base rates are Rs. 111.00 Cr.& Rs. 105.71 Cr. Resp.) length 2.2 Underground section by cut Average of escalated rates of DMRC Ph‐IV DPR May'14 & LMRC & cover for Ramp DPR May'13. (Base rates are Rs. 102.87 Cr.& Rs. 97.97 Cr. Resp.) 2.3 U/G section by NATM for Estimated rates are based upon escalated rates (excluding taxes) alignment and access tunnel for Airport Express Metro Link Contract package no. C‐6, 2010. Completion cost is Rs. 308 Cr. inclusive of taxes and duties @ 20%. for 2.3 Km tunnel & one tunnel ventilation building. Estimated rates are worked out as Rs. (308‐8)/1.2/2.3 and escalation is applied. 2.4 Elevated section excluding Estimated rates are based upon accepted work (Sept'14) of viaduct length in station elevated priority corridor of LMRC. Total Length = 8250‐ 8x140(stn length)‐315 (special span) + 300 (depot connectivity) = 7115m. Cost of Viaduct is Rs. 324.2‐7.77 = Rs. 316.43 Cr. inclusive of taxes @ 18.54%. and Rs. 266.94 Cr. w/o taxes. Basic rates per km are 266.94/7.115 i.e. Rs. 37.52 Cr. and escalated rates comes out to Rs. 39.88 Cr. per Km. 2.5 Elevated Section‐ Special Estimated rates are derived from DMRC LAR for Mayapuri‐ Span Naraina CLC ‐ 34m+60m+34m at the cost of Rs. 15 Cr. (a) 34m+45m+34m 2.6 At‐grade Section Estimated rates are derived from escalated rates of At‐grade section of Nagpur Metro DPR (June’2012, Base rate is Rs. 2.90 Cr per Km) 2.7 Entry to Depot Estimated rates are based upon accepted work (Sept'14) of elevated priority corridor of LMRC. Total Length = 8250‐ 8x140(stn length)‐315 (special span) + 300 (depot connectivity) = 7115m. Cost of Viaduct is Rs. 324.2‐7.77 = Rs.