HARYANA ORBITAL RAIL CORRIDOR CONNECTING PALWAL TO SONIPAT BY LINKING ASAOTI-PATLI-ASAUDAH-RATHDHANA STATIONS FEASIBILITY STUDY REPORT I HARYANA ORBITAL RAIL CORRIDOR CONNECTING PALWAL TO SONIPAT BY LINKING ASAOTI-PATLI-ASAUDAH-RATHDHANA STATIONS FEASIBILITY STUDY REPORT Table of Contents 1 EXECUTIVE SUMMARY ................................................................................................... 1 1.1 Introduction ............................................................................................................ 1 1.2 Traffic Demand Forecast ......................................................................................... 1 1.3 Civil Engineering ...................................................................................................... 2 1.4 Salient Features ...................................................................................................... 2 1.5 Power Supply and System of Traction ..................................................................... 3 1.6 Signalling and Telecommunication .......................................................................... 4 1.7 Cost Estimate .......................................................................................................... 4 1.8 Proposed Financial Structuring ................................................................................ 4 1.9 CONCLUSION & RECOMMENDATIONS .................................................................... 5 2 OBJECTIVE AND DESIGN METHODOLOGY ...................................................................... 6 2.1 Project Objective – Haryana Orbital Rail Corridor .................................................... 6 2.1.1 Major Development near project location ....................................................... 6 2.1.2 Conceptualisation of the Alignment. ................................................................ 7 2.2 Project Location ...................................................................................................... 8 2.2.1 Key Map of Project location ............................................................................. 8 2.2.2 Serving Station: ................................................................................................ 9 2.2.3 Major Locations & Districts .............................................................................. 9 2.3 Concept of Study ................................................................................................... 10 2.3.1 Feasibility Study ............................................................................................. 10 2.4 Stakeholder outreach on Haryana Orbital Rail Corridor Project ............................. 10 2.5 Fixed Points ........................................................................................................... 12 2.5.1 Asaoti to Harsana Kalan ................................................................................. 12 2.5.2 Y-Connectivity towards Rewari Station........................................................... 12 2.5.3 Y-Connectivity towards Garhi-Harsaru Jn Station ........................................... 12 2.5.4 Y-Connectivity towards Rohtak Station .......................................................... 12 2.6 Standard of Construction ...................................................................................... 12 2.6.1 Category of Line ............................................................................................. 12 2.6.2 Gradient ......................................................................................................... 13 2.6.3 Grade Compensation ..................................................................................... 13 2.6.4 Gauge ............................................................................................................ 13 2.6.5 Rails ............................................................................................................... 13 2.6.6 Ballast ............................................................................................................ 13 I HARYANA ORBITAL RAIL CORRIDOR CONNECTING PALWAL TO SONIPAT BY LINKING ASAOTI-PATLI-ASAUDAH-RATHDHANA STATIONS FEASIBILITY STUDY REPORT 2.6.7 Sleeper ........................................................................................................... 13 2.6.8 Track Structure .............................................................................................. 13 2.6.9 Welding ......................................................................................................... 13 2.6.10 Points & Crossings .......................................................................................... 13 2.6.11 Switches & SEJ ............................................................................................... 14 2.6.12 Track Tolerances ............................................................................................ 14 2.6.13 Catch Water Drains and Longitudinal side Drains ........................................... 14 2.6.14 Speed potential .............................................................................................. 14 2.6.15 Length of Infrastructure ................................................................................. 14 2.6.16 Traction ......................................................................................................... 14 2.6.17 Horizontal and Vertical Alignment .................................................................. 14 2.6.18 Formation ...................................................................................................... 15 2.6.19 Bridges ........................................................................................................... 15 2.6.20 Fixed Structure Clearance .............................................................................. 15 2.6.21 Road Crossing ................................................................................................ 15 2.6.22 Protective Works ........................................................................................... 15 2.6.23 Fixed Structure Clearances ............................................................................. 16 2.6.24 Land requirement .......................................................................................... 16 2.7 Miscellaneous works ............................................................................................. 16 3 Cost Estimation ........................................................................................................... 17 3.1 Abstract Estimates ................................................................................................ 17 3.2 Methodology ........................................................................................................ 17 4 Financial & Implementation Aspects of the Proposal ................................................... 18 4.1 Estimation of Traffic Revenues .............................................................................. 18 4.2 Passenger Earnings ............................................................................................... 18 4.3 Freight Earnings .................................................................................................... 18 4.4 O&M Costs ............................................................................................................ 19 4.5 Financial Appraisal ................................................................................................ 19 4.5.1 Net Present Value Method (NPV) ................................................................... 20 4.5.2 Internal Rate of Return (IRR) .......................................................................... 20 4.5.3 Discount Rate ................................................................................................. 21 4.5.4 Capital Asset Pricing Model (CAPM) ............................................................... 21 4.6 Haryana Orbital Rail Corridor Proposal –Project Executed by JV ............................ 22 4.7 Economic Appraisal ............................................................................................... 23 4.8 Assessment of Economic Cost ............................................................................... 24 II HARYANA ORBITAL RAIL CORRIDOR CONNECTING PALWAL TO SONIPAT BY LINKING ASAOTI-PATLI-ASAUDAH-RATHDHANA STATIONS FEASIBILITY STUDY REPORT 4.9 Assessment of Economic Benefit ........................................................................... 24 4.10 Implementation through SPV as per JV Model ................................................... 25 5 Proposed Financial Structuring .................................................................................... 29 III HARYANA ORBITAL RAIL CORRIDOR CONNECTING PALWAL TO SONIPAT BY LINKING ASAOTI-PATLI-ASAUDAH-RATHDHANA STATIONS FEASIBILITY STUDY REPORT List of Tables Table 13 : Revenue Projections till Horizon Year 2049 ........................................................ 19 IV HARYANA ORBITAL RAIL CORRIDOR CONNECTING PALWAL TO SONIPAT BY LINKING ASAOTI-PATLI-ASAUDAH-RATHDHANA STATIONS FEASIBILITY STUDY REPORT List of Figures Figure 2.3 Proposed Alignment crosses DFCC ........................................................................ 7 Figure 2.4 Key Plan of Proposed Rail Corridor ........................................................................ 9 V HARYANA ORBITAL RAIL CORRIDOR