RITES' SPV Model for Bengaluru Suburban Rail Service
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Transcript of RITES' SPV Model for Bengaluru Suburban Rail Service
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SPV Model forBengaluru Suburban Rail Service
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Participants & Roles
Project Financing has many participants
Sponsors Host Government, Private Enterprise
Development Company, i.e. Special Purpose Vehicle, which
supervises the design, build and operational activities of the
project
Financial Institutes Who lends money to the project
Capital Markets To raise funds from capital market via
shares, bonds etc.
Suppliers, Contractors Who will build the project
Consumers Who will consume the goods and services from
the project
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RITES Model for Bengaluru Suburban
Rail Service Based on MRVC, Mumbai Model
Consultancy Service Model
Reason, it doesnt create separate exclusive assets like BIAL
It uses the existing and future enhanced IR infrastructure
Entity Bengaluru Suburban Rail Corporation
Formulates plans, rolls out projects under GOI/GOK
guidance
IR to undertake required Track and Signaling
enhancements
IR to take care of running of trains, personnel
BCRC to take care of stations, Auxiliary areas, feederroads and services with the help of GOK
Fares based on Sub-Urban regime
Plus a surcharge to cover the BCRC consultancy
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RITES Model for Bengaluru Suburban
Rail Service Working Executives
Chairman
Managing Director
Director - Planning & Projects
Work with stakeholders to draw project plans, roll out and execute the new
projects
Responsible for projects by SWR as well as other Non-Rail projects needed for
CRS operations
Director - Technical Execution of Electrical and Mechanical projects
Procurement of EMUs, construction of EMU sheds
Maintenance and upgrade of Electrical and Mechanical services
Director Finance
Control of BSRC finances
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