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Bus Karo: Financing Mechanisms (Session IV)
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Transcript of Bus Karo: Financing Mechanisms (Session IV)
Finance Mechanisms of
BCLLBCLL
A special purpose vehicle (SPV) created to manage the city bus operations successfully.Incorporated with shareholding of Bhopal Municipal Corporation (BMC) and Bhopal Development Authority (BDA).Established in August 2006.Formed under Indian Companies Act 1956.The Mayor of the Bhopal City is Chairperson of BCLL.Started operation with 39 Star Buses in 2006.
VisionTo provide safe, Efficient , reliable and Organized public transport System for a
Sustainable Urban Mobility.
Bhopal City Link Limited
• 225 Buses sanctioned in 2009 under JNNURM.• Detailed Discussion & deliberation with stake holders.• Integrated Route Network for different modes• After comprehensive planning and route rationalization study
BCLL launched Low Floor City Buses sanctioned under Bus Procurement Project of JnNURM.
• In very short time due to quality of Buses, services, regular frequency, Adhering to service level benchmark, Modern Technology, Proper Planning, Monitoring, Supervision & integration, the Public Transport system of BMC/BCLL became very popular.
Different Operating Models
• Net Cost• Net cost VGF • VGF Based
Net Cost.• Net-Cost Basis model.• Certain Fixed % of the cost of buses.• Fixed RAF per bus per month payable to BCLL.• All taxes, insurances• Crew recruitment• Bus Maintenance• Fair Box Collection• Advertisement @ 50-50%
Net Cost VGF Based.• 20 Low Floor 400mm AC Buses.• Fixed Premium per bus per month payable
by BCLL.• Certain Fixed % of the cost of buses.• All Operation & Maintenance cost are borne
by the operator.• Fair Box Collection• Pass @ 80-20%
VGF Based.• Grant quoted for Capex expenditure• Distributed during the entire
contract term.• All taxes, insurances• Crew recruitment• Bus Maintenance• Fair Box Collection• Bus Advertisement @ 80-20%• Pass @ 80-20%
Year wise Distribution
% of Total Grant Quoted
1 Year 20 %
2 Year 10 %
3 Year 10 %
4 Year 20 %
5 Year 10 %
6 Year 20 %
7 Year 10 %
Revenue Sources
BCLL
Bus
Bus Stop
Foot Over Bridge
BRTS Utility Duct
Revenues from Bus Operations
RAF
•My Bus•205 Buses Monthly Royalty
Advertisement
•205 Buses •Bus Body•Entertainment Channel•ETVM Rolls•Sharing with Bus Operator @ 50:50
Bus Advertisement
Rate MonthlyRs 6000/Bus/Mnt Rs 12 Lacs
Entertainment Channel in Bus
Rate Monthly
Rs 1400/Bus/Mnt Rs 2.1 Lacs
a. Installed in BCLL buses b. Agency Install & Maintainc. Entertainment of
commuters
Subsidized monthly pass system
a. Concession to Students/ Handicapped is 75%, Senior Citizens/Govt./BMC Employees. is 50%.
b. Unlimited travel during a month.
c. Universal Card.d. Inaugurated Feb-
2016e. Cashless travel
Mahapor Smart Pass
Advertisement on Ticket Rolls
Bus Stops• BRTS Bus Stops• Other Bus Stops– New Bus Stops– Old Bus Stops
Facilities*
■ Passenger Information System
■ Automatic Fare Collection
■ Smart Card Recharge
BRTS Bus Stop
Rate Rs 5351/Bus StopTotal 77 Bus Stops
Monthly Rs 5.60 Lacs
New BQS
Rate Rs 4250/Bus StopTotal 151 Bus Stops*
Monthly Rs 6.40LacsYearly Rs 77.00 Lacs
Foot Over Bridge• Jyoti Cineplex• Collectorate• ISBT• Planned 5 More FOB’s
Foot Over Bridge
Monthly Rs 1.15 Lacs
Yearly Rs 14 Lacs
BRTS Railings
Rate Rs 2320/RailingTotal 400 Kiosk
Monthly Rs 9.0LacsYearly Rs 1.08 Crs
• 14 Nos. Luxurious Volvo Buses• Bhopal – Indore-Bhopal daily
Bus Service.• Online Ticketing• Half an Hour Frequency• Free Pick n Drop Service.
19
Operator: Chartered Speed Pvt Ltd.Revenue
Rs 19,999 / Bus / Month
Total 14 Buses : Rs 2.79 Lkh / Month
Intercity Bus Operations
20
Dial-a-Taxi service
Quick and hassle-free
Reasonable fare
Metered Cab.
6-666-666, “Mobile App”
www.mycabindia.com
24 X 7 Hrs Service.
RevenueRs 2000 / Cab / Month
Total 100 Cabs : Rs 2,00,000 / Month
Luxurious AC & comfortable Swift Desire Cabs
GPS Enabled Police verified drivers Qualified & Trained Uniformed
Drivers
Radio taxi – My Cab
Total BCLL’s Monthly Income =44.06 Lacs / Month
S.No. Descriptions Income / Mont (Lacs)
1 City Bus Operations 2.30
2 Intercity Bus Operations 2.79
3 Radio Cabs 2.00
Total 7.09
Operations
AdvertisementsS.No. Descriptions Income / Mont (Lacs)
1 Advertisement on City Bus 12.3
2 Advertisement on BQS 21.723 Electronic Display panels 2.1
4 Ticket Rolls .5
5 FOB 1.15
Total 37.7
BCLL Revenue
Thanks