Invest Kerala | Electric Vehicles

• Electrification will play an important role in the transformation of the mobility industry and presents major opportunities in all vehicle segments, although the pace and extent of change will differ
• Kerala came out with an electric vehicle policy in 2018, which seeks to reduce the number of vehicles running on fossil fuels with the introduction of electric buses in public transport and e- autorickshaws. It is aiming for full electrification of all types of motor vehicles by 2030
• To fulfil this agenda of the Government, the proposed project is to establish an Integrated Electric Vehicle Manufacturing Park for manufacturing electric mobility solutions (Two wheelers, Three wheelers,Buses, Boats etc.) in PPP mode
• Building a collaborative EV battery reuse and recycling ecosystem will lay the foundation for a smart, safe and sustainable future

Focus Areas and Features of the Park

Power Electronics
Battery Pack Assembly
Electric motors for vehicles
Startup Incubator Space
Motor drive units
Control gears
Battery management system
EV Skilling Center

The park would house various ancillary facilities to manufacture various components, including Skilling and Startup zones facilitating a wholesome EV ecosystem

Investment avenues:

• Setting up of an EV park that would house various ancillary facilities to manufacture various components, including Skilling and Startup zones facilitating a wholesome EV ecosystem
• By building a collaborative EV battery reuse and recycling ecosystem, the state envisions to lay the foundation for a smart, safe and sustainable future.

• Sabarimala is the Hindu Pilgrimage Centre located in Pathanamthitta district of Kerala and fall within the Periyar Tiger Reserve. It is one of the largest annual pilgrimages in the world with an estimated 45-50 million devotees visiting every year.
• Sabarimala is visited by devotees every year predominantly from the Southern States. The existing travel pattern of devotees to reach Sabarimala is through Kerala State Road Transport Corporation (KSRTC) special services, Interstate contract carriage services (bus,vans, cars etc.) and personalized vehicles or from the nearest railway stations up to Nilakkal or Pamba.
• The contract carriage services drop devotees at Pamba, comes back and park at Nilakkal, which is 19 km down to Pamba, then goes back again to pick them up. The traffic between Nilakkal and Pamba are fully controlled by Police Department. The trekking to Sabarimala
Temple starts from Pamba, approximately 5 km.
• The pilgrim centre being located amidst dense forest; the increasing number of vehicles is negatively affecting the natural resources of the region. Also, it has been observed that the traffic congestion is at its peak during the Mandala Pooja period, causing discomfort to devotees, missing the Darshan timings and their effort to reach
Sabarimala being ruined.
• Considering the overall aim of the state is to have a ‘Carbon Neutral Sabarimala’ and to provide a world class experience travel choice to its devotees by way of a mass transit system which is also financially
viable and environmentally sustainable.

Vizhinjam Port
Trivandrum International Airport
Pathanamthitta Railway Station
SH67

Pilgrimage: 45-50 million devotees visiting every year

Location: Temple is located at an altitude of 1260 m(4,133 ft.)

Indicative Project Cost: INR 24.96 Cr / USD3.5 Mn

• The Electric Bus Corridor for the 65 days’ peak season from Nilakkal to Pamba will cater 1.92 Lakh passengers in 24 hours
• MTA – Thiruvananthapuram / Kochi will be the project executing authority
• The minimum number of buses required for the efficient functioning of the system would be 110.
• Aggregation and redistribution E-buses will be the responsibility of the concerned MTA.

Capacity

The total number of round trips in 24 hours would be 1920 (considering 3 minutes’ frequency and 4 bus convoy), which will be able to cater to 1.92 lakh passengers in both directions in 24 hours (4000 passengers per hour/direction).

Investment avenues

• The option of an electric bus only corridor for the 19 km Nilakkal to Pamba corridor will help to considerably reduce the Air/Noise pollution levels in the region during peak time of Mandala Pooja. It also provides the devotees with a comfortable journey experience.

Mega Project.
Urban Infrastructure.
Across Kerala.
INR 67200 Cr USD 9744 Mn.
NHs across all districts in Kerala.
Railway stations across 10 districts in Kerala.
Cochin International Airport, Trivandrum International Airport, Kannur International Airport, Calicut International Airport.
All major and minor ports across Kerala.

Last mile connectivity with system driven vehicle public transport system.

Connectivity with two international airports of Kochi and Trivandrum and existing railway stations.

100% Green Project

Overview

The Government of Kerala decided to establish a Semi High-Speed Rail (SHSR) Corridor called Silver Line connecting Thiruvananthapuram to Kasaragod costing USD 9744 Million with 10 stations. Kerala Rail Development Corporation Ltd is the implementing agency.

As part of the Silver Line, as a separate project, 10 stations of silver Line can be developed with commercial and residential use. K-Rail plans todevelop modern self-contained cities and sustainable Smart Cities in the vicinity of the stations of Semi High-Speed Rail Line and also alongside the alignment in order to unlock their land value. Around 1000 Hectares
of land can be acquired and developed as smart cities with special zone status which can add value to the project and reduce the debt burden ofthe project.

The locations will be connected with both Rail and road. Airport connectivity will also be there as the silver line will be connected with Airports at Kochi and Thiruvananthapuram.

With the implementation of the project, the travel time from the North end of Kerala to the South end would be decreased by 8-10 hours.

▪ 100% green project - Strategies proposed to be adopted during construction include recycling steel and concrete, diversion of construction waste from landfills through reuse and recycling and use of new, low emission construction equipment. The station
buildings, depot, administrative building and other service buildings will be designed based on the platinum rating standard of Indian Green Building Council.
▪ Drives mode shift from private transportation to public transportation thereby significantly reducing carbon dioxide emissions.
▪ 100%greenenergyfromrenewableenergysourceswillbeusedduringtheoperationphase.
▪ Last mile connectivity with system driven e-vehicle public transport system, multi model integration, charging and parking facilities for electric vehicles, etc, will be included in the SHSR terminal design. SHSR will have connectivity with two international
airports of Kochi and Trivandrum and existing railway stations.

Market Landscape

▪ In the State of Kerala, a double railway line exists from one end to the other in North South direction. The first railway line was laid more than 80 years ago. Presently, the State has grown to a population of 33.4 million. Owing to multiple
level crossings and sharp curves, the fastest train takes around 12 hours from Thiruvananthapuram in the South to Kasaragod in the North traversing a distance of 348 miles at an average speed of 28 Mph.

▪ Train traffic in the existing double line between Thiruvananthapuram and Kasaragod has increased manifold and capacity utilization in some sections has touched 115%. In order to meet the growing demands in rail passenger traffic,
Kerala has ventured into providing a 3rd and 4th railway line which will be a Semi High Speed Rail (SHSR) corridor. The maximum operational speed will be 124 Mph, reducing the travel time to about 4 hours. A feasibility report arrived
at a completion cost of USD 9.5 Billion over a project period of 5 years.

▪ The Southern states of India have witnessed tremendous growth over the last two decades owing to progressive government policies and faster urbanization. Bengaluru, Hyderabad and Chennai are already amongst world’s known
industrialized and IT-drivencities.

▪ As a state, Kerala has been relatively quiet for some time, banking merely on its strong consumerism, fueled by remittances coming from Non-Resident Keralites in the Gulf countries, and from tourism. However, lately the state
government has been active in creating infrastructure and policy frameworks that are conducive for new-age services sectors in the IT-ITES and Industrial Revolution 4.0 spaces.

▪ Given the physical infrastructure that is underway in addition to the high literacy rates (94% as against national average of 74%) in the state, there is hope that it will soon match the success stories emulated by its neighboring states in
creating world classcities.

▪ Urbanization rate in Kerala is close to 48% (2011 census) and as a result of which real estate and infrastructure activity in Kerala has beenthriving.

▪ The state government has already built large commercial hubs in major cities thereby encouraging new-age services sector and start-ups to establish and flourish. Given the high per-capita income of the state, consumerism in the state is
higher than the national average.

▪ Organized retail penetration through malls and e-commerce is gradually making in-roads in markets that were traditionally dominated by high streets and locally popular brands.

▪ Residential supply in the State was traditionally dominated by unorganized developers, although over the last 10 years, organised players (registered CREDAI members) have made deeper in-roads in the market.

▪ Today, CREDAI- registered developers contribute a dominant share in the total residential supply generated in the major cities. Cities of Kerala have a plethora of opportunities in the alternatives real estate space, particularly in the
hospitality and education sectors given the economy’s reliance on tourism and education.

Project Parameters

Capacity

The SHSR would constitute of 10 world class stations at major cities across
Kerala

Land

Identified by Kerala Rail development corporation Ltd in Thiruvananthapuram, Kollam, Kottayam, Ernakulam and Thrissur
but not yet notified.

Expected Sales Turnover

USD 2200 Million over a period of 7 years

Common Infrastructure Proposed

Transportation infrastructure along with Residential and commercial space.

Project Cost

The initial phase will be land acquisition and land development which may cost around USD 1000 Million. The Development of the area will be auctioned out after finalising conceptual master plan.IRR of 20% is expected over a period of 7 years.

Means of Finance

Equity-1%-From Government of Kerala(Dilution of 10% to 30% to prospective investor can be considered) Mezzanine Debt–99% from prospective investor.

Investment Framework

▪ Investor can invest into equity shares of SPV or Mezzanine debt or both. The fund requirement for land acquisition and land development is estimated at USD 1000 Million.
▪ Both Special Purpose Vehicle and Co-Developer options can be considered. In the case of Mezzanine debt, the same can be pegged at investment return of 10%.

Employment Potential

▪ Specialised professionals like Valuers, Quantity surveyors, Facility managers, Property managers, Sustainable development experts
▪ Core professionals like Engineers, Architects and planners
▪ Non-core professionals like Chartered accountants, Marketing professionals, Sales professionals, Project managers, Finance analysts, Lawyers, Electrical engineers

Ridership Forecast

Year	Daily Ridership	Peak Hour Per Direction Traffic	Fare set at USD 6.2 cents/ Mile/ passenger with yearly escalation of 7.5% (INR 0.27 INR/km/per passenger with yearly escalation of 7.5%)
2024	67,740	1,330
2028	82,266	1,640
2040	116,681	2,460
2051	147,120	3,100

Investment Opportunity

▪ As part of the Silver Line, as a separate project, 10 stations of silver Line can be developed with commercial and residential use. K-rail plans to develop modern self-contained cities and sustainable Smart Cities in the vicinity of the
stations of Semi High-Speed Rail Line and also alongside the alignment in order to unlock their land value. Around 1000 Hectares of land can be acquired and developed as smart cities with special zone status which can add value to
the project and reduce the debt burden of the project.

▪ The initial phase will be land acquisition and development which may cost around USD 1000 Million. Once the land is acquired, the same can be developed as modern self-contained cities and sustainable Smart Cities. While the concepts
for development will be undertaken through consultant and anchor investors will also be brought in by SPV. Thereafter,the developers will be selected though auctions in various phases.

▪ As per the vision of the Government as detailed in Rebuild Kerala Development Programme, the high-speed corridor connecting the districts of Kerala longitudinally will act as a growth engine for the socio- economic development of the
entire State. From the planning point of view, it will facilitate new growth of multi zonal, multi nuclear urban structure in and around, to reduce and re-distribute the pressure from the existing urban spaces. It will also foster economic
development in tier-II & III towns along the corridor and also create new growth centres. The corridor will also expand tourism opportunities. Overall, the semi high-speed corridor will integrate the districts that can function as a single
stronger economy.

▪ The development of new cities in the vicinity of stations and across the corridor of Silver Line is in alignment with
Government vision

Governance and due diligence

The SPV will be formed as a Board managed company with Representative of Investor. Quarterly reporting of the performance to Investor and yearly audit of accounts by reputed Chartered Accountant firms can be agreed to ensure better governance.

Exit Strategy

The Mezzanine debt can be paid with interest within 7 years. In case, an investor subscribes to equity, SPV can buyback the shares at value to be arrived at by a registered merchant banker and on failure of that the investor is free to sell in open market

Mega Project.
Mobile Development.
Kochi.
INR 4247 Cr USD 606 MN
NA
Ernakulam Junction(ERS), Ernakulam Town(ERN)
Cochin International Airport
Cochin Port

Urbanization rate (2011) : 68.1% (Most urbanized city in Kerala)

Total population: 2.11 mn (Second largest in Kerala)

Overview

Kochi Metro Rail Limited (“KMRL”) is a Public Limited The company incorporated on August 2, 2011 as a joint venture between Government of India (GoI) and Government of Kerala (GOK) for implementation, maintenance and operation of Metro Rail.

Kochi ranks first in the total number of international and domestic tourist arrivals in Kerala. Rapid urbanization and intense commercial developments in the recent past have resulted in a steep rise in travel demand putting Kochi’s transport infrastructure to stress. However,
the increase in the capacity of the transport system has not been compatible with transport demand. With an ever-increasing demand for road space – both for vehicular movement and parking, it is difficult to depend only on road-based transport solutions. Only public
transport systems are more efficient users of space.

▪ The Phase-I of Kochi Metro Rail Project 2017 from Aluva to Palarivattom for 13 km was commissioned in June 2017 and another stretch of 5 km from Palarivattom to Maharajas College was completed in October 2017, and from Maharajas to Thykoodam in Sept 2019 thus completing 95%
of the works. The works in the remaining stretch i.e. from Thykoodam to Petta is progressing well with a target to commission the system by February 2020.

▪ Phase II of Kochi Metro connecting JLN to info park II DPR is under consideration by MoHUA.

▪ Further in order to expand its network, under Phase III Kochi Metro Rail Ltd. proposed the extension from Aluva to Angamaly with Airport connectivity as phase III. M/s RITES Ltd. submitted the Feasibility Report and DPR in 2015. M/s.UMTC has revised the DPR in line with the new Metro Rail Policy and Appraisal Guidelines
for Metro Rail Project Proposals by the Ministry of Housing and Urban Affairs (MoHUA).

Factors driving Kochi’s development

▪ Excellent connectivity within state, nationally as well as internationally
▪ Large Non-resident Keralite population particularly in the Gulf countries
▪ Major existing & upcoming infrastructure initiatives
▪ Stable political situation & pleasant climate
▪ Rapid urbanization & availability of talent
▪ Strong telecommunication and broadband infrastructure

Market Landscape

• Kochi (also known as Cochin), part of the Ernakulum district, is a dynamic city situated in the South-West coast of India. The city is located in between the Arabian Sea in the East and the Western Ghats in the West. It is the largest urban agglomeration and the second largest city in the State of Kerala - after the capital city of Thiruvananthapuram. Post Kerala state’s formation in 1956, Kochi emerged as the commercial and industrial capital of the State. The city
comes under the Greater Cochin Development Authority (GCDA) and consists of one of the 12 major ports of India.

• The development of the International Container Transshipment Terminal (ICTT) at Vallarpadam has enhanced the city’s prominence as a maritime and logistics hub. It is very well-connected to other parts of the country by road, rail, sea and air transport. A few of the prominent national highways passing through the city include NH-17 (to Mumbai),NH-47 (to Coimbatore) and NH-49 (to Madurai). Kochi International Airport at Nedumbassery (the first international
airport developed through public-private partnership model in India) connects the city to various national and international destinations (such as Dubai, Doha, Colombo, Abu Dhabi, Malaysia and Singapore) ensuring sizeable inflow of foreign and domestic tourists.

• Kochi city provides many advantages for industries such as ease of transportation by road, rail, low cost backwater transport, Cochin Port, International Container Transshipment Terminal (ICTT). Specific infrastructure to promote business and industrial clusters have been developed like Cochin Special Economic Zone and Kalamassery Industrial Area.

• Heavy traffic congestion has necessitated the development of a metro rail system in Kochi. Buses are currently the major public transportation system in Kochi. The new metro system will reduce traffic congestion, while providing safe and rapid transportation to commuters. It will also reduce pollution and noise levels, as well as congestion on city roads. The project will create employment opportunities for the local people.

• Private investments in the public transport sector, too, are hindered by regulations forbidding them to provide flexible transport services (FTS).

• The State Government launched the ‘Information Technology Policy 2012’ which provided a slew of incentives for setting up IT offices such as industrial status to IT, single window clearance, high FAINR of up to 5 for IT buildings and lower power costs. Meanwhile, occupancy costs were ever increasing in other southern cities. Thus, the first dominos to bring private sector investment started making their entry in the city.

• The city of Kochi has witnessed rapid growth over the past few years owing to the development of the IT/ITeS industry along the micro markets located towards the western region such as Kakkanad, Vazhakkala, Edachira, etc. In order to meet the requirements of the expanding city limits, a lot of physical, social and urban infrastructure projects have been planned and they are in various stages of implementation.

• In consonance with growth of other major cities in the country, Kochi has witnessed significant activity in the IT/ ITeS sector over the past decade. The state government has played a pivotal role in promoting the IT sector by establishing technology parks in Thiruvananthapuram (Technopark) in 1990, Kochi (Infopark) in 2004 and Calicut (Cyber Park) in 2016. Further, to promote private sector participation, the government has been constantly reviewing the state level IT and industrial policy, which has led to the development of large scale private/public IT/SEZ developments such as KINFRA, Smart city, INKEL and Cyber City

Governance and due diligence

The entity shall ensure transparency, accountability and standards of fair dealing and ethics for attaining its objective of providing a safe, reliable, efficient, viable and customer-friendly entertainment center for city of Kochi. KMRL pursues the highest standards of ethics and maintains core values of integrity and trust in all the arena in which it operates. In the performance of its functions, KMRL is guided by the CVC guidelines, the Articles of Association (AoA) of the Company, the provisions of the Companies Act 2013, applicable accounting standards, regulations prescribed by authorities like the C&AG, provisions of the Right to Information Act 2005 and Rules made thereunder. In addition, all the applicable statutes governing
the functioning of the organization in respect of safety, health, environment, welfare of the employees and those engaged through contractors, provision for fair compensation, rehabilitation and resettlement of project affected persons etc., are appropriately complied with.

Exit Strategy

The Investor entering the HoldCo can exit through the floating of HoldCo into a listed entity or creation of InvIT, based on the valuation of HoldCo and the underlying SPVs at the time of exit after a minimum holding period of 10 years. The value of the underlying business of Kochi Metro Rail Ltd as well as the real estate infrastructure would be the basis of such valuation.

Land

Current purpose of use as per Revenue record

Mixed use

Extent of land in acres

Land acquisition for viaduct - 9.86 acre

Land acquisition for stations and Parking -12.7 acre

Land acquisition for depot -9.37 acre

Total land - 31.93 acre

Total government land - 7.56 acre

Total private land - 24.36 acre

Approximate land cost per acre

INR 30 crore

Owner of the land

Government Land -7.56 acre / Pvt Land -24.36 acre

Land title in the name of

Acquisition process not yet started

Expected Returns

The project financial returns based on core revenues alone is 6.14 % IRR and the Economic IRR of the project is 21.4%

Means Of Finance

The Project Cost would be funded as:

Promoter Contribution: INR 1417.60 Cr
Total Loan & Sub debt: INR 3309.53 Cr

Project Cost

Total Project Cost is INR 4727 Cr.

Mega Project.
Mobility development and Electric Vehicles
Thiruvananthapuram.
INR 2,750 Cr USD 386 Mn
NH66
Trivandrum Central(TVC), Varkala (VAK)
Trivandrum International Airport
Vizhinjam Port

20 Km/hr : Current average city speed during peak hours; expected to benefit greatly from a strong public transport offering.

Up to 1 Lac: Projected daily ridership on Metrolite along with robust feeder network in 2021

OVERVIEW

Thiruvananthapuram Metrolite is proposed as a medium capacity light rail project in the city of Thiruvananthapuram which spans across 19 stations with a route length of 21.82 km and the estimated completion period is 4 years.

MTA-Thiruvananthapuram will be the project implementation authority under the provisions of the KMTA Act 2019.

Kerala Rapid Transit Corporation Limited (KRTL), an SPV of the Government of Kerala will assist T-MTA in implementation and to perform the O&M.

The project aims to build a Mass Transit system without impeding the urban fabric and historic importance of Thiruvananthapuram, which can usher economic development of the district at large and makes it a lucrative investment and tourist destination.

36.73 Lakh

Estimated number of passengers who will benefit from the new transportation by2031

The project will be in line with the ‘Metrolite’ Policy-2019 of the Government of India. A robust feeder network, as backbone to Metrolite, will be the responsibility of the MTA-Thiruvananthapuram.

Public Transport in Thiruvananthapuram

• Travel options within the city are limited to bus transport and otherroad transport
• The entire district is largely covered by the operation of buses
• Railways are used for commutation within Kazhakootam, Petta and Trivandrum Central Stations. Also, there are limited trains which have stoppageat all 3 stations
• Commuters usually use railway lines for intra district travel and opt for autos, taxis and buses for travel apart from privatevehicles

The proposed route would cover 19 stations of Thiruvananthapuram:

Technocity 11. Ulloor
Pallipuram 12. Kesavadasapuram
Kaniyapuram 13. Pattom
Kazhakoottam Jn. 14. Plamoodu
Kazhakoottam 15. Palayam
Karyavattom 16. Secretariat
Gurumandiram 17. Thampanoor
Pangappara 18. Killipalam
Sreekaryam
Pongumoodu

MarketLandscape

▪ Thiruvananthapuram is the second largest city in Kerala after Cochin. The city does not have any Mass Transit system other than Bus services.
▪ The projected Peak Hour Peak Direction Traffic (PHPDT) can be catered by the Metrolite system.
▪ The main advantage of the Metrolite system is that it has least land acquisition, the flexibility of aligning with the road curvature, lower capital cost and low operation and maintenance cost etc. that helps servicing the capital Investment. The system will have easy accessibility between the walkways and feeder system, as good as a modern bus system

InvestmentOpportunity

The project is the initial stage of development and land acquisition process is ongoing. The state government has taken several steps to expedite the acquisition process in order to complete the project within the projected timelines.

MTA – Thiruvananthapuram will explore engaging private/public investors for implementation of the project.

Capacity

3 coach train configuration and augmentable based on demand. Standard, off-the-shelf, cars are available in the market.

Land

• Total requirement: 11.96 hectares
• Government: 8.92 hectares and Private: 3.04hectares
• 19.54 Acres of Government land at Pallippuram is available for development of depot.

Project Facilities

Inspection and workshop facilities, stabling lines in depot, test track, power supply, water supply, sewerage and drainage works, ancillary workshops, watch towers, parking facility. Total power for the corridor is 23.3MVA

Project Cost

INR 2750 Crores (USD 386Mn)

Expected Turnover

The sources of revenue for Thiruvananthapuram Metrolite mainly consists of fare box collection and other income from property development, advertisement etc.

Means of Finance

Proposed funding model (Debt-Equity Ratio = 60:40)
• Equity by GoI = 20%
• Equity by GoK = 20%
• Debt = 60% (International agencies, national funds,market borrowings etc.)

Medium Project.
Mobility development
Kozhikode.
INR 280 Cr USD 39 Mn
NH66, NH766
Kozhikode Railway Station(CLT)
Calicut International Airport
Beypore Port

20 Km/hr : Current average speed of bus duringpeak hours; expected to benefit greatly from a
dedicated public transport system

Up to 60,000: Projected daily ridership on Kozhikode Green Bus along with robust feeder network in 2021

Overview

'Kozhikode Green Bus’ is an all electric bus transit system with dedicated lanes in the city of Kozhikode for a length of 13.33 km under phase-1 and and complementary bus priority lanes and a network of robust feeder systems spread across the city. The estimated completion period is 3-4 years.

MTA-Kozhikode will be the project implementation authority under the provisions of the KMTA Act 2019.

An SPV, promoted under Government-Public-Partnership will be formed for operation and maintenance of the Green Bus System in Kozhikode.

The project aims to build a Mass Transit system without impeding the urban fabric and historic importance of Kozhikode, which can usher economic development of the district at large and makes it a lucrative investment and tourist destination.

23.97 Lakh

Estimated number of passengers who will benefit from the new transportation by 2031

A reliable and safe public transport system is essential for the very survival of the city itself and also to accelerate itseconomic growth.

Proposed Kerala Bus Port Ltd will complement the project in increasing footfalls.

Public Transport in Kozhikode

• Travel options within the city are limited to bus transport and other road transport.

• Railways are used largely for commuting from Kozhikode to other districts and has very limited role to play for travel within the city.

• A number of important highways pass through the city

The proposed route (Phase I) would cover 13.33 km of Kozhikode

Medical College 10. Kallayi
Chevayur 11. Panniyankara
Thondayad 12. Vattakkinar
Kottuli 13. Meenchanda
New Bus Stand
KSRTC
Mananchira
Railway Station
Pushpa

MarketLandscape

▪ Kozhikode is the third largest city in Kerala after Kochi and Thiruvananthapuram and one of the largest city agglomeration in Kerala with a population of 20,30,519 (as per census 2011).

▪ With the projected population and densification of the Kozhikode Urban Agglomeration, it justifies for a Bus based Mass Transit system.

▪ The main advantage of the Green Bus System is flexible and merges with the urban fabric and landscape. It requires lower capital cost and low operation and maintenance cost, that helps servicing the capital Investment. The system will have easy accessibility between the walkways and feeder system, making easy access for women, Senior citizens andchildren.

▪ Setbacks of buildings could be used for widening of walkways.

Investment Opportunity

Metropolitan Transport Authority – Kozhikode will explore engaging Government-Public-Participation model for project implementation, operation and Maintenance.

Capacity

The dedicated bus system is highly flexible and can offer single or multi-articulated buses, that can providea through put of 60 buses/per/direction based on the demand.

Land

• Total land requirement is minimal.
• 8.28 Hectares of Government land is available for theProject

Project Facilities

Street redesign suiting to urban landscape and urban fabric, ITS and road safety components, priority signaling system at junctions, adaptive signaling system, walkways, Bus Bays, Depot facilities, charging infrastructure, U/G utility ducts (water supply, sewerage and drainage systems) and parkingfacilities.

Project Cost

INR 280 Crore (USD 39Mn)

Expected Turnover

The revenue of Kozhikode Green Bus System mainly constitutes of fare box collection and other income from property development, advertisement, etc.

Means of Finance

The means of finance shall be through the Govt. of Kerala / Bilateral funding agencies / Govt.-Public Partnership model

Mega Project.
EV
Kochi.
INR 677.51 Cr USD 96 MN
SH 15, SH 20 NH 544
Ernakulum Station
Cochin International Airport
Cochin Port

The Indian Electric Bus market is predicted to progress at 53% CAGR during the 2019-2025 period

The greater Kochi area currently has a commuting demand of 20 lakhs passenger trips per day

Overview

The Comprehensive Mobility Plan for the Greater Kochi Region (CMP) has identified 12 trunk corridors for the improvement of public transport in Kochi. The SH-15 & SH-20 corridor connecting Poothotta-Karingachira-Kalamaserry and Seaport Airport Road is proposed to be developed as an Electric Bus Rapid Transit (BRT) corridor in three phases as follows:

Phase	Distance
Phase I (Karingachira-HMT Junction)	13.7 kms
Phase II (Poothotta-Karingachira)	13.4 kms
Phase III (HMT-Angamaly)	19.2 kms
Total	46.3 kms

The key features are:

• About 70 buses would be plying along a dedicated bus corridor from Poothotta toAngamaly
• About 60 stations along the corridor at a spacing of 700-800 m
• The use of e-buses along the corridor for environmental sustainability
• Robust feeder network using mini-buses, vans & e-autos

Kochi Metropolitan Transport Authority will be the implementing authority as per the KMTA Act 2019.

The approximate implementation period for this project will be two to three years.

The total length of the corridor selected is 46.3 kms. The alignment passes through the State Highway 15 connecting Kochi with Kottayam, Seaport Airport Road and the extension of Seaport Airport Road, meeting NH 544 (Old NH 47) at Kariyad Junction reaching Angamaly Junction at Bus Terminal. New NH-66 bypass connecting Angamaly and Kundannur (42 km) has been approved NHAI. Future expansion has been proposed to KINFRA Park at Koratty.

Right of Way (ROW): i) Poothotta-Karingachira ii) Karingachira-Kalamaserry iii) Proposed Seaport Airport Road Extension	10-15m (Proposed for 30m) 30m (Existing) 30 m (Bridges completed, land Notified)
Major Activity Centers	- Udayamperoor - IOC Plant - Thripunithura (Heritage Town) - Irumpanam - BPCL &HP Plant - Infopark - Special Economic Zone - Collectorate - HMT - CUSAT - Aluva Town - Cochin International Airport Limited - Angamaly
Need for Land Acquisition if at-grade	As the corridor is already proposed and approved by the Government of Kerala for widening, the road has adequate RoW
Implementing Authority	MTA - Kochi
Ownership	Government of Kerala

Market Landscape

SL NO	SEGMENT NAME	LENGTH (KM)	EXISTING ROW	PROPOSED ROW	STATUS
1	Poothotta-Thripunithura,SH 15	12	10-15m	30 m	Allocated INR 300 Cr forthe proposal in the StateBudget 2017
2	Thripunithura-Karingachira, SH 20	1.4	10-15m	New 30m road proposedby KeralaPWD	Allocated funding by GoK
3	Karingachira - HMT Junction	13.7	30m	30m	Land Acquisition already completed (Implementation under Progress)
4	Proposed Seaport Airport Road extension (HMT Junction to Kariyad Junction)	15	NA	30m wide Greenfield project by GoK	Implementation initiated
5	Kariyad Junction-Angamaly, NH 544	4.2	30m		NH 544, Old NH 47

The CMP for Greater Kochi Region has forecasted the peak hour ridership for the corridor as shown in the table:

CORRIDOR	2025	2035
Irumpanam-Kakkanad	2400	4500
Poothotta-Thripunithura	-	3500
Kakkanad-HMT	-	6500

Governance& Due Diligence Structure

The project will be implemented in a Government – Public Participation model by Kochi - MTA

Capacity

The project estimates an approximate 65,000 passenger trips daily

Cost of the Project

INR 677.51Crore

Common Infrastructure Proposed

The project proposes the following common infrastructure:

ITS based junction Signaling,
Bus shelters,
Bus bays,
Pedestrian crossings,
Walkways,
Passenger Info system, among others

Employment Potential

As more the buses modal to share cater of to public the increasing transport demand increases, Each there additional shall be bus a requirement will generate of direct job opportunities to 4 persons (At present, the ideal staff to bus ratio is 5.5 staff per bus). Feeder network will also create 500 jobs. This indicates generation of 800-900 direct job opportunities.

Land

SL NO	DATA POINTS	DESCRIPTION
1	Land mark - Google map with QR code, terrain and type of land	Plain
2	Current Purpose of use as per Revenue record	NA
3	Extend of land in acres	NA
4	Approximate land cost per acre	NA
5	Owner of the land	Govt. of Kerala
6	Any lease or sublease	Lease of E-buses
7	Is this inside a park, of so is this earmarked for any specific purpose	NA
8	Clear land title in the name of Government Entity?	NA

Means of Finance

The means agencies / Govt. of finance shall be -Public Partnership through model the Govt. of Kerala / Bilateral funding.

Raw Materials and Utilities

Least consumption of natural resources. The raw materials & utilities are primarily
that of power required at depots for charging of e-buses. Power from renewable
energy sources will be on priority

Mega Project.
EV
Kodungaloor to Erumalloor.
INR 147.2 Cr USD 21 MN
Multiple Highways
Multiple Railway Stations
Cochin International Airport
Cochin Port

The Bus Express corridor is proposed to be 51.6 Km long extending from Kodungalloor to Eramalloor

Average trip length of BusEx is considered at 13 Km and average fare at INR 1.5 / pax-km

Overview

Kochi has its urban agglomeration with medium density settlements at 2-3 km distance. Traffic congestion is a problem at the heart of the city and longer commuting is exhausting due to slow moving traffic. People from far of places do have opportunity in the city, but are unable to accept those due to longer commute.

A Comprehensive Mobility Plan (CMP) was prepared for Kochi with the intention to provide better connectivity. The CMP envisions to “Provide ‘world-class’ mobility experience to citizens of Kochi by establishing planned urban transport system that is safe, reliable, universal, accessible and sustainable”.

Bus Express is a road based Mass Transit System of medium capacity, tailor-made for cities with large urban agglomeration. It offers, long-haul connectivity through a dedicated corridor, using quick accelerating electric buses, similar to a metro train. The average inter station distance of 2.5km, priority signaling at junctions, flexibility for overtaking and wide 3-door twinleaf configuration makes the Bus Express to be one of the fastest Public Transport System in Kochi with an average speed of 40Kmph, at a very competitive capital investment. A complementary bus system with intermittent bus stops at every 600-800m will also be part of Bus Express, along with a robust feeder network using e-autos. The 2m wide underground utility ducts on either side, not only facilitate dedicated Express cycling tracks but also a large source of alternate revenue

Key Features

▪ Faster connectivity
▪ Reduced travel time
▪ Real time information through ITS
▪ Reliable with Seamless Transport Experience
▪ Comfortable and Secure

Market Landscape

• Bus express intends to provide the passengers with an incredible travel experience. Provisions will be made for newspapers/magazine stands at stations and in buses, and Tea/Coffee/Snacks vending machines at stations. There are other options like On-board TVs to keep the passengers entertained during the 1-hour journey.

• The primary objective of the Bus Express is to make Kochi more accessible to the neighboring towns and also to connect these towns to each other. Bus Express would make the long distance commuting much easier, safer and faster, thus attracting a large sub urban population to the main city. The Bus Express alignment passes through 12 major local self-government areas with nearly 2 stops per panchayat area and catering to a sum population of nearly 1 million people.

• The present ridership of the proposed route, i.e. Kodungalloor to Eramalloor is found to be 2667 PPHPD (average). At present, 172 private buses and 382 KSRTC buses cater a daily passenger trips of around 101133. Considering the current ridership and a factor of mode shift (additional 20%), route ridership (PPHPD) has been calculated to be 3200. Fleet size is designed based on this ridership. Trip length considered is 13Km, as per CMP. The operating hours for the BEx would be from 5:30 am to 11:30 pm., in consideration to the operational hours of the Metro Rail system which commences operation at 6 am extending till 10 pm.

Investment Opportunity

Bus Express is a viable solution considering as the most optimum solution in respect of implementation hurdles and investment. The financial viability of the Bus Express looks very positive because of lower investment and operations costs. Therefore, a much higher Economic Internal Rate of Return(EIRR) is expected. Better connectivity would also enhance the economic potential of Kochi and induce larger investments, business and employment opportunities.

Capacity

Bus Express is a road based Mass Transit System of medium capacity, tailormade for cities with large urban agglomeration. It offers, long-haul connectivity through a dedicated corridor, using quick accelerating electric buses, similar to a metro train. Expected to cater 1 Lac passengertrips/day.

Land

MoU will be signed between the MTA – Kochi and NHAI for the Construction of
Bus Express along NHAI acquired land and better utilization of median space.

Project Cost

SL NO	Parameters	Total Cost (Cr.)(INR)
1	TOTAL (Road Construction)	309.5
2	TOTAL (Stations)	10.35
3	TOTAL (Barricade and Utility Duct)	18.64
4	TOTAL (ITS)	14.15
5	BUS DEPOTS (2 depots)	10
6	Cost of Civil Infrastructure	362.64
7	Rolling Stock + Charging Infrastructure	200.8
8	Sub Total	563.44
9	Contingency (3% of Total Cost)	16.9
	TOTAL PROJECT COST (51.6 Km stretch)	580.35
	COST Per Km (51.6Km)	11.25

Means of Finance

Government of Kerala / MTA will fund for acquisition of land and creating infrastructure for Bus Express. Additionally, Government of Kerala may explore to get a short term soft loan (5 years) exclusively to fast track the land acquisition process, as this would reduce the additional financial burden to the Govt., due to cost overrun attributed to L.A.delays.

Expected Result

Average trip length is considered at 13Km. Average Fare per km considering minimum charge and 2.5% escalation p.a. is assumed at INR 1.5/pax-km. Accordingly, daily fare collection in the first year with 80% of projected traffic will be INR 15.6 lac.

Mega Project.
Mobility Development
Vytilla, Ernakulam.
INR 571 Cr,USD 81MN
NH 66 (160 M)
Ernakulam Junction(ERS) (4.9 Km)
Cochin International Airport (30.6 Km)
Cochin Port (13 Km)

Vyttila Mobility Hub will be passenger centric Multi - Modal Transport Hub (MMTH)

Currently VMHS is a Society 100% owned by GoK. It is recommended to convert this into a Company. The investment may be sought from the investors through a HoldCo structure

Overview

Vyttila Mobility Hub (VMH) is being envisioned as a world class multimodal hub, interfacing and interconnecting variety of inter-city, regional and local transport systems and other transport modes. The Government of Kerala sanctioned to utilize the land belonging to the Agricultural Department and Kerafed at Vyttila for constructing the Mobility Hub. The total extent of land earmarked for the project is 26.80 acres. Area management plan of the VMH-Phase II incorporates green design feature and includes Integration plan for various modes with a total built-up area of 1,07,243 Sqmt. Regional Bus terminal has a capacity of 75 bus bays and total idle parking space for 76 buses has been strategically planned along with Multi-level car parking including the charging facilities for Electric vehicles. The Phase I of the project is complete and the terminal currently handles 3,000 bus trips along with auto- rickshaws and private cars. Kochi is an ideal location as it is the most densely populated cities in Kerala. Teproject gives emphasis to integration transportation modes including metro, water metro ,city and regional bus terminal, passenger facilities, amenities and recreational spaces. Proposed timeline for completion of this phase is 24 months divided into two phases namely:

Phase 1 (Proposed time of completion 18 months)includes:

• Completion of major part of this regional bus terminal (excluding some minor finishing works)
• Structural completion of Multi level car parking (MLCP) and also Mechanical, Electrical & Plumbing (MEP) components of MLCP
• Facilities for pedestrians such as pavements, canopies and elevatedwalkways
• Some aspects of landscaping
• Other infrastructural facilities like solar panels, Rain water harvesting tank, sewerage and firefighting, etc.

Phase 2 (proposed time of completion 6 months)includes:

• Finishing work of the Regional BusTerminal
• Completion of MLCP including architectural finishes
• Some pavements completion
• Retrofitting works

Vyttila Mobility Hub Society (VMHS) is a charitable society registered as per Travancore Cochin Literary Service and Charitable Society Act 1955, under Local Self Government of Kerala as Special Purpose Vehicle(SPV) to execute Multi Mode Transportation (MMT) Project at Vyttila

Market Landscape

The development of Vyttila MMTH is expected to generate various intangible economic benefits to the citizens of Kochi namely:

• Travel time savings for commuters
• Drop in accidents
• Increase in real estate value
• Direct and indirect job creation
• Expected to reduce Carbon dioxide Emission
• Increase in collection of property tax

Investment Opportunity

Vyttila MMTH has proposed many commercial facilities which opens vide varieties of opportunities for investment

▪ KIOSKS- 42 no's
▪ Supermarket –area 2474sq m
▪ Retail Shops
▪ Cafeteria
▪ Multipurpose hall- capacity to accommodate -450 no's
▪ Budget hotels -21 rooms

Vyttila MMTH is expected to have average Earnings before interest ,tax, depreciation and amortization (EBITDA) margin above 70% with highest expected EBITDA margin in year 30 at 86.3%

Governance and due diligence

Vyttila Mobility Hub Society (VMHS) is a charitable society registered as per Travancore Cochin Literary Service and Charitable Society Act 1955, under the Local Self Government of Kerala as Special Purpose Vehicle (SPV) to execute Multi Mode Transportation (MMT) Project at Vyttila . The Honorable Chief Minister of Kerala is the chairman of the Governing body of VMHS. In order to evaluate the day today activities of VMHS an Executive Committee is there. Honorable Chief Secretary of Kerala is the chairman of this committee. The head of office of VMHS is the Managing Director – an IAS officer.

Capacity

Vyttila MMTH is expected to receive about 2038 intra-city trips and 298 trips from KSRTC ‘s long –route buses per day.

Land

Current purpose of use as per Revenue record	Commercial
Extent of land in acres	The Kerala State Government sanctioned to utilize the land belonging to the Agricultural Department and Kerafed at Vyttila for constructing the Mobility Hub. The total extent of land earmarked for the project is 26.80 acres.
Approximate land cost per acre	INR17 crore
Any lease or sublease	0.38 acres of land given on lease to BPCL for 30 years
Land detail in the name of	Vyttila Mobility Hub Society

Employment Potential

Vyttila Mobility Hub is expected to create 300 direct jobs for local women with or without a specific skill set. As a result of improved infrastructure at Vyttila junction, undeveloped properties can be developed over a period of time resulting in creation of indirect job opportunities.

Construction cost including civil & systems	INR 526.2 Cr
General Charges & IDC	INR 45.39 Cr
Total Project Cost	INR 571.59 Cr
Project IRR	10%
Economic IRR	23%

Common Infrastructure Proposed

Regional Bus Terminal
▪ Plinth area 13,558 Sq. M
▪ G+2 floors
▪ 75 no's of bus bays ( 69 no's of boarding bays and 6 nos of alighting bays)
▪ Idle parking space for 76 buses

City Bus Terminal
▪ Plinth area 1,812 sqm
▪ One floor
▪ 16 nos of bus bays

MLCP(Multi Level Car Parking)
▪ Plinth area 8,280 sqm
▪ Basement+G+5
▪ 1200-950 nos of Car parking space
▪ 2500-1008 nos of Two wheeler parking space

Land Use Pattern

Raw Materials and Utilities

Commercial facilities
• KIOSKS- 42 nos
• Supermarket –area 2474 sq. m
• Retail Shops
• Cafeteria
• Multipurpose hall- capacity to accommodate -450 nos
• Budget hotels -21 rooms

Staff facility
• Dormitory
• Canteen
• Offices
• Recreational area

Institutional facilities
• Vyttila Mobility Hub Society (VMHS) office
• Village Office
• Kerala State Road Transport Corporation(KSRTC) office
• Indian Rail Catering and Tourism Corporation (IRCTC ) office

Commuters
Medical Aid post with 5 beds
• Paid Air Conditioned Lounges -2 nos
• Police Aid Post- 2nos
• ATMs – 5nos
• Budget Restaurant
• MLCP with EV(Electric Vehicle) charging
• Dedicated pick –up and drop- off

Other facilities
• Cycle way
• 1000Kwp solar panel
• 2.3 MLD Rain water harvesting tank (RWHT)
• Land scaping
• Solid waste Management plant

Sewerage Management Plant

Expected Sales Turn Over

Based on market survey, site analysis and demand assessment contribution of different sources to that of total project revenue is as shown below:

Annual Lease Rental - 50.30%
Advertisement charges -38.50%
Private Vehicle parking Fees- 4.5%
Buses- entry fees - 3.00%
Buses washing charges – 0.80%
Public toilet user charges -0.80%
Onetime lease premium- 0.70%
Petrol pump –lease rentals- 0.60%
Buses parking fees – 0.50%
Baggage Management systems -0.30%

Medium Project.
EV
Kochi.
INR 38 Cr USD 5 MN
SH 63
Ernakulum Station
Cochin International Airport
Cochin Port

49% of the passengers opting for public transport accounts for only 4-7% of the vehicles on the roads in Kochi.

51% The public transport modal share of Kochi has reduced from 72% (2006) to 51% (2015)

Overview

The proposal is to develop the Vypin-Munambam-Goshree corridor as a model street and an E-bus priority corridor. The Phase-1 of the project is being undertaken with upgradation of road components including road safety aspects.

The Vypin-Munambam-Goshree corridor (on SH 63) is a 25 km stretch, with a width varying from 12-15 mts. The corridor acts as a bypass to Kochi city connecting Thrissur and Alappuzha districts. Currently, 106 private buses traverses along the corridor with a daily ridership of around 1 lakh passenger trips. Walk and public transport are observed to be the preferred modes of transport along the corridor. Additionally, the SH 63 is one of the vulnerable highways in Kerala with around 240 accidents recorded in 2018.

Bearing in mind the high ridership, safety issues and the presence of multimodal transfers, it is proposed to develop the corridor as a model street with priority electric buses.

The proposed components for the corridor are as given below:
• Creation of safe pedestrianinfrastructure
• Redesigning of the roads incorporating road safety features
• Technological improvement- Implementation of Smart traffic signals, CCTV cameras, smart cardticketing
• Installation of Streetlights
• Provision of dedicated bus bays and bus stops
• Implementation of Bus prioritymeasures
• Building the Electric mobility corridor through provision of- electric buses, opportunity charging infrastructure, battery swapping facilities
• Parking management
• Provision of a feeder service to the ferry
• Provision of Bus, boat, journey planner
• Robust first/last mile connectivity using electric autos and public bike sharing The feasibility for all these components will be assessed by undertaking a feasibility study and subsequently, a detailed project report will be developed for the project

Vypin is one of the group of islands that are part of Kochi city in Kerala. It is connected to the Kochi city through a series of bridges, namely,the Goshree bridges. Munambam is a suburb of Kochi city on the northern end of Vypin Island.

Kochi is major port city on the west coast of Indian Peninsula and also one of the most densely populated cities in the State of Kerala. There exists a large number of business and commercial establishments linked with port related activities. All these strategic investment projects and commercial centers are the economic base of the city. Thus,making Kochi a major attracting centre for employment. Greater Kochi area presently has a population of 2.1 million and employment of 0.7 million with an average commuting demand of 2 million passenger trips per day.

With the growing population and significant mega development plans coming up in the port city, the travel demand is expected to grow steeply. There has also been an emergence of various satellite towns with significant travel demands leading to an increase in commuting distance. As a result, the increasing commuting demands would increase the stress on the existing infrastructure and transport system. With inadequate public transport services, passengers will shift to private vehicles, which will aggravate the congestion on city roads. Thus, there is a need for mass transit systems, which are efficient, reliable, safe, offering seamless urban mobility and faster urban / sub-urban connectivity.

Market Landscape

Currently, 106 private buses are plying along the corridor, undertaking 1306 trips daily and carrying an average of 1 lakh passengers daily. The Comprehensive Mobility Plan undertaken in 2015 estimates thepassenger per hour per direction (PPHD) to increase from 4500 in 2015. Surveys have also suggestedpreference of public transport and walk for the corridor.

Prioritizing for the bus corridor will not only reduce the travel time for the passengers but will also make public transport more favorable than private transport. Further, the state has also announced its EV policy, making a case for use of electric vehicles for the corridor.

The huge number of accidents along SH 63 (240 in 2018) also suggests the need for road improvement in terms of the pedestrian infrastructure, road design and traffic management.

Investment Opportunity

Metropolitan Transport Authority (MTA)-Kochi is responsible for the improvement of urban transport in Kochi. The funding can be provided to Kochi-MTA or self-financed by MTA. Kochi-MTA will coordinate with various agencies and implement the project.

The project includes multiple stakeholders such as, Kochi Municipal Corporation, Kerala State Road Transport Corporation,Private bus operators, Auto Society, Road Safety Authority, Motor Vehicles Department, Kerala State Electricity Board, Transport Department, Government of Kerala.

The successful implementation will require support from everyone, and periodic coordination. Therefore, all the stakeholders will be involved right from the initial stage of the DPR preparation. Periodic stakeholder consultations will be held starting from the project conceptualization through theimplementation.With respect to investment, the project can be categorizedas:

▪ Road improvement
▪ Electric bus and infrastructure
▪ E-Auto
▪ PBS including E-bikes

Depending on the funds available, the investment can be prioritized. The first priority would be the road investment. Second priority can be developing the charging infrastructure (Kochi is expected to receive 100 electric buses). The third priority can be providing subsidy for the e-autos. (PBS / E-bikes is envisaged to be implemented on PPP mode

Capacity

The project estimates a ridership of 1 lakh per day

Land

No major land acquisition is required for the project other than the standardizing and uniform RoW. Setback of buildings will be used forwalkways.

Common Infrastructure Proposed

The project proposes the following common infrastructure:
• Road Safety Infrastructure (Footpath, railing, signage, road studs etc.)
• IT Infrastructure (CCTV Surveillance cameras, Traffic signal)
• Redesign of roads
• Bus shelters
• E-Auto parking space
• Parking space for E-bikes
• Battery charging infrastructure

Employment Potential

Each bus travelling will have a direct employment of at least 4 people. A total 106 buses will be plying on the corridor, resulting in an employment of 424 people. At least 100 autos would serve the last mile connectivity of the 25 km stretch corridor providing an employment to 200 people. Considering a bike stand every 1 km, 25 stands would be required resulting in an employment of 25people.

Cost Of The Project

Parameters	Unit Cost(INR)	Quantity	Total
Road Safety Infra (Road studs, marking, foot path, railing, signage etc)	Lumpsum	25 km	9.26 cr
IT Infrastructure (Surveillance and speed cameras, traffic signal)	Lumpsum	7 Nos	1 cr
Safe Way- Designed roads (Resurfacing roads)	Budget work by PWD	25 km	17 cr
Bus shelter with modern amenities	MLA ADS scheme	10	40 lakhs
Charging stations	20 lakhs	1	20 lakhs
Ferry interchange	5 cr	2	10 cr
TOTAL	-	-	38 cr

Means of Finance

Road improvement-Equity
Electric bus-Subsidy+Debt
Charging Infrastructure-equity
E-Autos- self-financed
Public Bike Sharing - PPPmode

Expected Sales Turnover

The expected sales turnover is estimated to be INR 45 Crore per annum

Medium Project.
Mobility Development
Trivandrum, Kochi, Kozhikode, Kannur
INR 25Cr (USD3.5 MN) Initial Authorised Capital
NA
Trivandrum, Ernakulum, Kozhikode, Kannur
Cochin International Airport
Cochin Port

19,500 live buses in Kerala for public transport operations

INR 10Lakh/day is the Expected Sales Turnover/ Revenue

Overview

In Kerala, the bus terminals are managed and operated by Kerala State Road Transport Corporation (KSRTC) and Urban / Rural local bodies. The KSRTC bus terminals are used only for STU run buses whereas, private buses use terminals constructed and managed by municipalities & panchayats in respective towns. They are locally termed as KSRTC Bus Stand and Municipal / Panchayat Bus Stand/ Private Bus Stand.

It is now time that we viewed the Terminals as passenger transit facilities akin to airports and aim to provide the same level of service. These bus terminals will be defined and characterized as ‘Bus Ports’ like the air-ports and sea-ports. In order to plan & develop high quality bus terminal facilities, and more importantly, to ensure its continued operations and maintenance in a proper manner, it is envisaged to develop these facilities through SelfFinancing Institutions, Autonomous or Public-Private-Participation (PPP) model. The project involves operation and maintenance of the public transport infrastructure by public and private sector under a self-sustainable model for optimum utilization of public land.

Therefore, A Special Purpose Vehicle (SPV) under the Department of Transport is proposed as ‘Kerala Bus Port Limited’ (KBPL) to look after bus ports, commercial development and bus terminal operations in Kerala.

Additionally, the Kerala Metropolitan Transport Authority Bill, 2019 has initiated the setting up of the Metropolitan Transport Authority (MTA) in the major cities for planning, supervision, coordination,development and regulation of Urban Transport in the Urban Mobility areas. The Bus Ports proposed in the major cities will fall in the Urban Mobility areas and hence they will function in association with the umbrella organization of MTA.

As per various service level benchmarks, there is a minimum requirement of atleast one live bus on-road per 1000 persons to achieve the best level of service for public transport. Kerala Bus Port Limited shall be the SPV for the integrated Planning, Development & Management of Bus Ports in Kerala

The Bus ports are proposed in four major Airport cities –Trivandrum, Kochi, Kozhikode and Kannur followed with district and taluk headquarters and thereafter expansion over the entire State of Kerala.

Market Landscape

To bring in efficiency in the current state of operations of the bus sector, the KBPL will bring changes at three levels –
▪ Integration: Currently, KSRTC bus terminals are used only for STU run buses whereas private buses use terminals constructed and managed by municipalities & panchayats in respective towns. KBPL will have the advantage of setting up the infrastructure with adequate area, geographical advantage of good connectivity and least dead kilometer travel for the various bus operators.

▪ Infrastructure: It will redesign and rebuild the existing bus terminals in to world class bus ports or build new bus ports which will act as hubs of economic activity and have good commercial potential. KBPL will be responsible for integrating with state-of-art ITS and ICT facilities for efficient operations which will include:
o Real time tracking of buses through implementation of GPS-VLTs in all buses
o Real time passenger information system though installation of PIS in all Bus Ports
o Development of integrated time schedule and making it as dynamic time table by integrating time table of all transit buses in Kerala
o Implementation of common mobility card for transit in Kerala and implementation of AFCS
o Development of mobile based applications for viewing the time table, journey planner, ticket booking and reservation options and later integrating with hospitality sector for booking accommodation
o Bay allocation for buses based on available slots and passenger demand
o Development of centralized command and control room for state-wide bus operations through Bus Port
o Fast charging Infrastructure for E-buses and future proofed solutions for Hydrogen fueled buses

▪ Operation: KBPL will be the nodal agency for the dissemination of information related to operational schedules to commuters. The system will operate on user demand-based perspective rather than operator driven trip scheduling system prevalent at present.

Investment Opportunity

KBPL will be constituted as an SPV and will be a limited company incorporated under the Companies Act, 2013 at the State-level, in which the Transport Department of the Government of Kerala (GoK) will be the promoters having 51:49 equity shareholding. The Government – Public participation or financial institutions could be considered for taking equity stake in the SPV, provided the shareholding pattern of 51:49 of the Transport Department is maintained and the GoK have majority shareholding and control of the SPV.

Financial resources for funding Bus Ports and related activities will be through Central / State grants or funding schemes, loans from scheduled banks or through bilateral funding agencies.

Capacity

The project capacity shall be decided by KBPL, meeting the requirements and classification of Bus Ports.

Land

The land and assets, classified as private bus stands or municipal bus stands which has sufficient area, geographical advantage of good connectivity and least dead kilometer travel will be utilized for bus port operations under KBPL.

Employment Potential

At present only 19,500 buses against the need for 33,000 buses. Each additional bus will generate direct job opportunities to 4 persons. This indicates generation of 55,000 direct jobs in public transportation sector future. An equal amount of indirect jobs will also be generated to the extent of total 1.1 Lakhs new job opportunities.

Raw Materials and Utilities

Bus Ports will predominantly use reusable natural resources and power from renewable energy sources. The utilities / raw materials would be made available through Government distribution companies.

Project Cost

The project cost shall have a bearing on the Detailed Project Reports
(DPINR) and the classification of the Bus Ports

Means of Finance

The SPV would be registered with an initial authorized capital of INR 25 Crores. The initial subscribed share capital would be INR 10 Crores. This would be utilized from the Honorable Chief Minister’s flagship program, “Rebuild Kerala Initiative”. The funds given to the SPV will be in the shape of tied loans and will be utilized only for the purposes of initial Administrative expenses and would be repaid to GoK once KBPL is fully functional.

Medium Project.
Mobility development and Electric Vehicles
Nilakkal to Pamba
INR 24.96 Cr USD 3.5 MN
SH 67
Pathanamthitta Railway Station
Trivandrum International Airport
Vizhinjam Port

Pilgrimage 45-50 million devotees visiting every year

Location Temple is located at an altitude of 1260 m(4,133 ft.)

Overview

Sabarimala is the Hindu Pilgrimage Centre located in Pathanamthitta district of Kerala and fall within the Periyar Tiger Reserve. It is one of the largest annual pilgrimages in the world with an estimated 45-50 million devotees visiting every year. The temple is open for worship only during the days of Mandala Pooja and Makaravilakku (approximately 65 days). In addition, 10 days during Utsavam) and 8 days during Vishu and the first five days of each Malayalam month. Put together Sabarimala opens 133 days a year. Sabarimala is visited by devotees every year
predominantly from the Southern States. The existing travel pattern of devotees to reach Sabarimala is through Kerala State Road Transport Corporation (KSRTC) special services, Interstate contract carriage services (bus, vans, cars etc.) and personalized vehicles or from the nearest railway stations up to Nilakkal or Pamba.The contract carriage services drop devotees at Pamba, comes back and park at
Nilakkal, which is 19 km down to Pamba, then goes back again to pick them up. The traffic between Nilakkal and Pamba are fully controlled by Police Department. The trekking to Sabarimala Temple starts from Pamba, approximately 5 km.

The pilgrim centre being located amidst dense forest; the increasing number of vehicles is negatively affecting the natural resources of the region. Also, it has been observed that the traffic congestion is at its peak during the Mandala Pooja period,causing discomfort to devotees, missing the Darshan timings and their effort to reach Sabarimala being ruined. Hence, it is important to provide a seamless, comfortable and safe travel experience to the devotees with less congestion and world class journey experience. Also, the travel option provided shall match with the timings of the temple, so that the devotees could make full utilization of their time in Sabarimala.

Hence, considering the overall aim of the state is to have a ‘Carbon Neutral Sabarimala’ and to provide a world class experience travel choice to its devotees by way of a mass transit system which is also financially viable and environmentally sustainable.

The Electric Bus Corridor for the 65 days’ peak season from Nilakkal to Pamba will cater 1.92 Lakh passengers in 24 hours.

The minimum number of buses required for the efficient functioning of the system would be 110.Aggregation and redistribution E-buses will be the responsibility of the concerned MTA.

Market Landscape

• To align with the idea of maintaining Carbon Neutral Environment as well as the Government of Kerala’s vision of being a front runner in the electric mobility in India by 2020, electric buses shall be considered for the bus only corridor from Nilakkal to Pampa
• Though various proven mass rapid transit options are available, the key demand being seasonal for only 65 days and in addition only for 5 days every month, it is found that the most appropriate option would be to support with buses, which could be redistributed to other regions of the state during non-seasonal period.
• Since, electric bus technology is still nascent in India, the private operator may also be allowed to bring in more efficiency by reduced charging time or more number of buses, whichever is economical to both Government of Kerala and Operator
• Under this concept, the 19 km corridor from Nilakkal to Pamba shall only be a bus corridor and all other vehicles of devotees including buses shall be parked at Nilakkal base camp. The existing parking area at Nilakkal shall be developed as a passenger interchange hub with all required infrastructure for the devotees. The electric buses shall operate round the clock, as chain service along the Nilakkal to Pamba corridor for the 65 days’ peak season particularly sequencing with the Darshan time., The corridor is approximately 7-8 m wide in which two buses can operate easily.
• The buses shall be ITS enabled and safety of passengers must be ensured through a controlled environment. Hence a temporary Bus Operations Control Centre shall be operated at Nilakkal
• Nilakkal and Pamba base camps shall be developed as the passenger interchange hub and must be equipped with all the infrastructure required for the pilgrims.

Investment Opportunity

The option of an electric bus only corridor for the 19 km Nilakkal to Pamba corridor will help to considerably reduce the Air/Noise pollution levels in the region during peak time of Mandala Pooja. It also provides the devotees with a comfortable journey experience.

Land

110.52 Hectares of land available with Travancore Devasom Board of which 50 Hectares which is used for parking to be developed into an interchange mode and terminal building.

Revenue

Cost of a two-way (trip) ticket	50	INR
Bus Capacity	50	Nos
Load Factor	80%
Revenue per trip (INR50 x 40 Pax)	2000	INR
Revenue per day ( 1920 T x 2000)	3840000	INR
	249600000	INR
Revenue for 65 days	24.96 cr	INR

Capacity

The total number of round trips in 24 hours would be 1920 (considering 3 minutes’ frequency and 4 bus convoy), which will be able to cater to 1.92 lakh passengers in both directions in 24 hours (4000 passengers per hour/direction).

Project Cost

A one time Infrastructure cost for setting up of two terminal buildings would
be around INR 5.39 Crores.

Expected Returns

It is estimated that INR 3.62 Crores can be earned during the 65 days, thus the one time investment cost of INR5.39 Crore by the Govt. is recovered in just 2 years

Means Of Finance

One time investment of INR 5.39 Crores on infrastructure to be made by Government of Kerala.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.

Impact On The Economy

Get to Know Us: Kerala's Investment Destination of Choice.